Business

Santander allocated in 2019 $1.5bn to finance renewable energy projects

Santander bank will consider climate risk in their credit ratings. Last year, the bank’s Brazilian operation allocated 4.5 billion Reais ($ 1 billion) to finance renewable energy and participated in the issue of 6.6 billion Reais ($ 1,5 billion) in green bonds, which are debt securities linked to projects with low environmental impact.

Source: Exame