Standard Bank has reiterated its commitment to a climate-related risk approach and defended its board members, after activist organisation Just Share questioned the election or re-election of directors that have ties to fossil fuel operations. The organisation said seven of Standard Bank’s 18 board members are conflicted on climate change-related matters by virtue of their ties to the fossil fuel industry and urged that they not be re-elected to the board at the bank’s annual general meeting on June 26.
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