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In a show of low confidence, 32.37 percent of Standard Bank shareholders voted against the re-election of group chairperson, Thulani Gcabashe, during the company's 52nd annual general meeting (AGM) held virtually yesterday.
Standard Bank commits to adopt climate strategy in 2022 News24 Standard Bank says it will adopt a climate strategy. The strategy will also set targets to reduce the bank's exposure to fossil fuel assets. These will be published in the next annual reporting cycle, in the first half of 2022. Standard Bank has committed itself to publish a climate strategy in the next Task Force on Climate-related Financial Disclosures Report (TCFD). The bank, which is the largest lender in the continent, has been receiving backlash from environmental activists for several years now regarding its decisions to fi...
Standard Bank has bowed to pressure from sections of its investors to commit to publishing both the strategy and the targets of its fossil fuel funding reduction programme, as part of its 2021 reporting to shareholders. Picture: Oupa Mokoena/African News Agency (ANA) Standard Bank to implement strategy and targets to reduce fossil fuel funding By Edward West Share JOHANNESBURG - STANDARD Bank, Africa’s biggest lender by assets, has bowed to pressure from sections of its investors to commit to publishing both the strategy and the targets of its fossil fuel funding reduction programme, as par...
As a result of the South Africa energy plan South Africa has taken emergency measures to break its energy crisis with a plan to lease mobile power plants or power docks in its ports. But a $ 15 billion deal with the Turkish Karpowership for 20 years – one of the longest of its kind – has been criticized by critics for not being as expensive and environmentally friendly, and a competing energy supplier has complained that the tender was exchanged at the company. mesede. The government of President Cyril Ramaphosa announced last month that Karpowership was the preferred bidder to obtain a c...
SHAREHOLDERS are concerned about Standard Bank’s lack of disclore and measured targets around climate change.