Banco Santander will deny loans to coal-related companies from 2030

Entrepreneur Asia, 23 February 2021

Spanish banking giant, Santander, announced that as of 2030, it will deny loans and other services to companies linked to the coal industry. In a pledge to ‘decarbonise the economy’, the bank released a statement promising to eliminate its “exposure to thermal coal mining worldwide” and “support the objectives of the Paris Agreement on climate change.” At the core of its decision, Santander…

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