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Green finance: Standard Bank wants to mobilize 20 billion USD by 2026

17/03/2022
Categories: Sectors

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The South African bank, Standard Bank intends to mobilize 20 billion USD in green finance by 2026. On the sidelines of a press briefing held on Wednesday March 16, the group unveiled its objectives contained in its climate policy.

 

Standard Bank Group Ltd has announced that it expects to mobilize between 250 and 300 billion rand (16.5 billion USD and 20 billion USD) in sustainable finance by the end of 2026. The banking establishment indicates that it will not finance no more new construction of coal-fired power plants, nor expansion of the generation capacity of existing coal-fired plants.

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