StanChart commits $75 bln toward sustainable development goals


LONDON, Feb 18 (Reuters) – Standard Chartered on Tuesday said it will provide $75 billion in financing by 2024 towards sustainable development and clean energy projects, as it expands on its aspirations to support the Paris Agreement on climate change.

The bank said it is also targeting net zero emissions from its own network of branches and offices by 2030.

The move comes amid a broader shift among financial firms worldwide to tackle their role in funding fossil fuel projects, as public concern grows about the climate crisis. (Reporting By Lawrence White; editing by David Evans)



READ SOURCE

READ  Raised DRT threshold will speed up NPA recovery: DFS Secy

LEAVE A REPLY

Please enter your comment!
Please enter your name here