Exposing Climate-Conflicted Bank Directors

About the Exposing Climate-Conflicted Bank Directors Series

Banks are increasingly setting goals to decarbonise by 2050, yet a large number continue to finance fossil fuels, the primary source of carbon emissions. To accelerate action, shareholder activists regularly file climate resolutions at bank AGMs. But DeSmog’s investigations have shown that the majority of directors on many bank boards have close ties to polluting sectors.

DeSmog’s articles are based on a huge research exercise led by Rachel Sherrington that has led to the creation of an original database with over 900 entries. Watch this space for more stories that emerge as we continue to analyse the database.

In This Series

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The banks have provided over $30 billion to oil, gas and coal projects since the Paris Agreement was signed. Campaigner warns of “vested interests.”

The banks have provided over $30 billion to oil, gas and coal projects since the Paris Agreement was signed. Campaigner warns of “vested interests.”
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Standard Bank has been involved in some of the largest and most controversial fossil fuel projects on the continent.

Standard Bank has been involved in some of the largest and most controversial fossil fuel projects on the continent.

65% of directors from the banks analysed had connections to polluting industries and obstructive lobby groups.

65% of directors from the banks analysed had connections to polluting industries and obstructive lobby groups.

The analysis comes as shareholders are preparing to vote on a range of progressive environmental resolutions at the banks' annual meetings.

The analysis comes as shareholders are preparing to vote on a range of progressive environmental resolutions at the banks' annual meetings.