Standard Bank to adopt new fossil-fuel funding policy
Standard Bank’s new policy comes as pressure intensifies for lenders to rein in funding for polluting businesses
10 December 2020 - 14:36
UPDATED 10 December 2020 - 16:44
Standard Bank, Africa’s biggest lender by assets, has unveiled a new fossil-fuel funding policy that determines its approach to funding coal, oil and gas while also accelerating a just energy transition.
In a web briefing on Thursday, the bank outlined the provisions of the new policy, which aims to strike a balance between developmental objectives and sustainability...
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