Friday, November 8, 2024
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KBC: Takes an even stricter line on fossil fuels

  • Persistently strong signals from society that the use and exploitation of fossil fuels highly damaging for planet’s future
  • The tightening of KBC’s policy on fossil fuels relates to financing, insuring, advising and investing in the coal industry
  • KBC long stated its wish to guide its existing business clients through this process
  • KBC actively contributing to the achievement of the objectives set out under the United Nations’ Collective Commitment to Climate Action
  • KBC also redoubling its efforts to further reduce its own ecological footprint
  • Also introducing additional restrictions for suppliers of coal-producing companies and coal-fired power stations

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