Standard Bank comes clean about R180bn climate risk
Lender says disclosure is an ongoing project and methodologies to measure this type of exposure are still evolving
15 October 2020 - 18:52
Standard Bank, Africa’s largest lender, has come clean about its exposure to climate change, revealing that almost 12% of its loan book — about R180bn — is exposed to elevated climate-related risk.
SA lenders have come under pressure from environmental justice groups and shareholder activists to be more transparent about their lending to polluting businesses.
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now