Standard Bank: Not up to standard
Shareholders direct a barrage of questions at CEO Sim Tshabalala at the bank’s AGM, after it refused to table two new climate change-related resolutions
02 July 2020 - 05:00
What a difference a year makes. This time last year, Standard Bank was basking in the warm glow of good PR when it became the first SA corporate to table climate-related resolutions at its AGM.
Two resolutions were tabled — one for the bank to disclose its exposure to fossil fuel lending and the other to adopt and publish a policy on financing coal projects; the latter was, somewhat surprisingly, approved by shareholders...
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