Sustainable finance and climate change
We support Africa’s transition to a lower carbon economy in line with the Paris Agreement, by assisting our clients to transition their businesses, and mitigate the impacts of climate change. We provide finance for infrastructure to improve access to reliable and sustainable energy sources, crucial to Africa’s economic growth and poverty alleviation, with a strong focus on renewable energy. We are committed to achieving net-zero carbon emissions, from our own operations by 2040 and from our financed emissions by 2050.
Our focus areas include
Understanding the impact of climate-related and environmental risks in our countries of operation and on our clients, and understanding the impact of our clients’ activities and our own operations on climate change.
For more information, including sector targets in respect of thermal coal, oil, and gas, please see our climate-related financial disclosures report and our climate policy.
Working with our clients to encourage the adoption of sustainable practices and enable economic activities that create shared prosperity for current and future generations, including through the provision of green, social and sustainable bonds and loans and sustainability-linked bonds and loans
Helping our clients to strengthen their resilience and adaptive capacity to climate change risks and social challenges, including through adoption of greener solutions for their homes and businesses
Supporting socioeconomic development and access to affordable energy, particularly renewable energy. (see Infrastructure)
Encouraging sustainable investment
Supporting CSI initiatives linked to environmental and climate objectives
Sustainable finance and climate change – Report to society