The new commitments were announced by the bank at the UN Climate Change Conference (COP25) taking place in Madrid.
Santander also expects to cut total emissions by nearly a half from 2019 to 2025.
The central macroeconomic scenario for 2020 contemplates deceleration but no risk of recession in the short term. Estimates show global growth of 3%, as long as current geopolitical uncertainties are clarified.
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