Bidvest Bank
Last Rated in Nov 2024
Your bank falls short in climate responsibility.
African Bank Limited is not transparent about its lending activities, so we cannot rule out that it finances the fossil fuel industry. The absence of detailed greenhouse gas emissions reporting makes it difficult to assess its environmental impact.
We would like to see Bidvest:
- Disclose the extent of its financing of the fossil fuel sector
- Introduce a policy that it will not lend to fossil fuel companies
We'd like is to measure greenhouse gas emissions enabled by its lending and set science-based climate targets over those emissions. It needs to start financing renewable energy companies and projects.
Your bank may be ignoring the Paris Agreement.
The Paris Agreement set the goal to stay under 1.5°C of warming for very good reasons. According to the Intergovernmental Panel on Climate Change, an increase of just a couple of degrees more could lead to "substantial species extinction, large risks to global and regional food security", and an inability to work outside — or even live — in some areas of the world. Our world will become unrecognizable as ocean dead zones, floods, and extreme weather fuel social and economic disruption.
Start to Bank Green Today
Banks live and die on their reputations. Mass movements of money to fossil-free competitors puts those reputations at grave risk. By moving your money to a sustainable financial institution, you will:
Send a message to your bank that it must defund fossil fuels
Join a fast-growing movement of consumers standing up for their future
Take a critical climate action with profound effects