Bidvest Bank
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.
Last reviewed:
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.
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