Six years ago around 200 global leaders signed the Paris Climate Agreement, binding their countries to the transition to a lower carbon economy by phasing out fossil fuel subsidies and pledging to limit the global average temperature increase to a maximum of 2 degrees Celsius above pre-industrial times. In Europe alone, the EUs’ national energy and climate plans (NECPs) for 2021 to 2030 have committed to achieve a 32% share of renewable energy by 2030.

As millennials mature into management roles in investment banking and other traditional industries, we take a closer look at the characteristics that define their generation. Much has been said about them over the last few years – some good and some bad - but only one thing is certain: coming of age in a world undergoing profound economic disruption is no easy task.

To support the goals of the Paris Agreement on climate change, we are setting our ambition to achieve ‘net zero’ carbon emissions in our portfolio across the Group by 2050. The ambition applies to the group’s own operations, which are already net-zero, and all client emissions that result from any lending, advisory or investment services provided by Santander.