Banks
Focus banks
ANZ
A recent report from Market Forces highlights ANZ as the biggest funder of fossil fuels among Australian banks, having loaned or arranged over $15.9 billion for companies in the Global Coal, Oil and Gas Exit Lists in the last decade. Its AGM is on Dec 18th.
HSBC
In November, HSBC published its Sustainability Risk Policies Framework. The bank removed previous commitments and opened the door for more fossil fuel financing.
Standard Chartered
In October, it was announced that Standard Chartered is replacing Crédit Agricole as financial advisor for the Rovuma LNG project in Cabo Delgado, Mozambique. Crédit Agricole pulled out of the project in March 2024.
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