Capitec Bank

Capitec's funding of the mining sector (and, within that, we have to assume of conventional oil & gas extraction) far exceeds its funding of renewable energy projects. The bank does have an exclusion policy stating that it will not lend to new projects and the expansion of existing projects in a number of industries, including coal mining, Shale oil and gas and LNG. However, this policy does not cover conventional fossil fuel extraction.

We'd like to see the bank measure and disclose greenhouse gas emissions enabled by its lending, set science-based climate targets, and start introducing "green" products, such as preferential rates on loans to purchase electric vehicles.