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...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.
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