Grindrod Bank
This brand is rated based on African Bank Limited
Sorry, we don't know enough about Grindrod Bank yet.
Grindrod Bank is a division of African Bank Limited and, as such, has the same rating. African Bank 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 the bank's true environmental impact.
We would like to see the bank:
- Disclose the extent of its financing of the fossil fuel sector
- Put in place an explicit policy that it will not lend to fossil fuel companies or projects
- Measure greenhouse gas emissions enabled by its lending
- Set science-based climate targets over those emissions
- Start financing renewable energy companies and projects
Last reviewed:
Bank.Green was founded on the belief that banks have had an easy time from their customers for too long. Mass movements will pull us out of the climate crisis – and they'll pull Grindrod Bank out, too.
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