Banco Santander and Oxentia Foundation have launched a new global competition for entrepreneurs working to create a low-carbon economy. The Santander X Environmental Challenge addresses two objectives: Be sustainable through green financing and investment, and Be mindful through products and services that raise awareness about our impact on the environment.  

By 2030, Santander will align its power generation portfolio with the Paris Agreement. As part of this the group will stop providing financial services to power generation clients with more than 10% of revenues dependent on thermal coal and eliminate all exposure to thermal coal mining worldwide.