Kenny Fihla, Standard Bank: “Our climate strategy does not preclude support for the EACOP, although conditions will be stricter”
The South African bank’s chief investment officer spoke at length to Africa Business+ about the group’s new climate strategy.
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▪ Kenny Fihla, Standard Bank: “Our climate strategy does not preclude support for the EACOP, although conditions will be stricter”
▪ The South African bank’s chief investment officer spoke at length to Africa Business+ about the group’s new climate strategy.
▪ https://www.africabusinessplus.com/en/812104/kenny-fihla-standard-bank-our-climate-strategy-does-not-preclude-support-for-the-eacop-although-its-conditions-will-be-much-stricter/
Standard Bank, Africa’s largest bank with a turnover of R25 billion (€1.6 billion), recently updated its investment strategy in relation to climate change. The new roadmap includes a rapid reduction in its support for coal and a much slower reduction in oil. It also excludes any zero-emission targets. Kenny Fihla is head of investment banking at Standard Bank and defends the group’s climate policy. He also described the direct consequences of this policy on several projects, from Mozambique’s gas to Uganda’s EACOP.
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