Standard Bank sets new sustainable finance target of R450bn by 2028

Financial services provider Standard Bank has updated its group sustainable finance targets and aims to mobilise more than R450-billion by 2028 for energy and infrastructure development on the continent. This compares with its previous sustainable finance target of R250-billion by 2026 and builds on the R177-billion financed since 2022, with R50.6-billion in sustainable finance mobilised in 2023 and R74.3-billion in 2024.