bank
The protestors claim the bank’s climate targets fall short of UN standards
The bank has stated this new role will be crucial in its new strategy to decarbonise finance and the economy
E.SUN FHC’s new policy addresses companies with more than 5% of their revenue from business activities in coal and unconventional oil and gas
The division will help customers understand their carbon and track their climate ambitions
This follows a 41% reduction in investments last year
It also reduced its lending to oil and gas companies by 21%
It has stated the use of the new technology for the next five years will reduce emissions by close to 500 tonnes
It will continue reducing Scope 1 and 2 emissions from its operations, through investments in energy efficiency projects at corporate offices and bank branches
The bank intends to halve its thermal coal financing exposure by 2030