Standard Bank to raise R300 billion to fund green projects

Jan

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Standard Bank raising R300 billion for green energy — remains open to fossil fuels

Standard Bank Group Ltd., Africa’s biggest lender by assets, plans to raise as much as 300 billion rand ($20 billion) by 2026 to help fund renewable energy projects, even as it remains open to supporting fossil fuels.

The Johannesburg-based lender pledged to achieve a net zero carbon emissions target in its own operations by 2040 and from its portfolio of financed emissions by 2050, in line with the Paris Agreement, the company said in a statement on Wednesday outlining its climate goals.
 
FNB started doing this 5 years ago by replacing carports with panels.

FNB-solar-power-car-park.jpg

It's good to see a drive towards renewables by more people...
 
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