Absa Bank
Sorry, we don't know enough about Absa Bank yet.
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.
How Bank.Green rates institutions
Last reviewed:
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.
Maximise Your Climate Impact Today
- Take steps to amplify your green banking impact.
- Stay up to date with climate finance news.
- Discover more critical climate actions you can take.
