Standard Bank agrees to publish climate policy
The bank is expected to report in early 2022 on its goals to reduce its exposure to fossil fuels
21 May 2021 - 14:38
Standard Bank has committed to publishing a climate strategy and short-, medium- and long-term targets to reduce its exposure to fossil-fuel assets on a timeline aligned with the Paris goals. It will do so as part of the group’s 2021 reporting to shareholders.
In a joint statement between Standard Bank and shareholders pushing for a more active stance, group CEO Sim Shabalala said: “We’re deeply committed to supporting inclusive and sustainable development and we value and appreciate shareholder engagement on these matters.”..
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