WesBank
Last Rated in Dec 2024
Your bank is climate responsible.
WesBank is a division of FirstRand Bank Ltd and consequently has the same rating as FirstRand. This is because FirstRand can freely transfer and use WesBank's cash.
FirstRand is playing its part in the clean energy transition. It now funds more renewable energy than fossil fuels, and fossil fuel lending accounted for only 1.5% of total lending at June 30, 2024.
It has a policy stating it will not finance new coal-fired power stations. We'd like to see this policy cover all extraction and processing of coal, oil & gas. And we'd like it to accelerate the rate of transition.
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