'This is a big statement that financial institutions should finance the just energy transition and not climate bombs,' said stopEACOP. PeopleOverProfits StopEACOP
,"We can confirm that Edelman and Standard Bank Group partnered closely for three years and mutually agreed not to renew our partnership beyond December 2022."
The bank's participation"remains subject to the findings of environmental and social due diligence assessments and meeting the Equator Principles requirements," the spokesperson added, referencing a financial-industry benchmark."It is also subject to a full assessment of the EACOP sponsors' climate change strategies and targets.
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