Absa Bank
Last Rated in Mar 2025
Your bank is climate responsible.
The bank finances more renewable energy projects than fossil fuel projects. It offers "green" consumer products and has high levels of governance over climate risks and opportunities. It has comprehensively measured its greenhouse emissions and set robust emission reduction targets.
However, we are discouraged to see that between 2022 and 2023 it increased the level of credit available for drawdown by oil & gas companies. Not all of it can be explained by foreign currency movements (rationale provided by the bank). We are also disappointed to see how weak the bank's exclusion policies are.
Our mission is to encourage as many people as possible to take a stand - to refuse to let their money fuel environmental destruction any longer. Considering who you bank with, we think you probably agree. This is your chance to spread the word with us.
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