Climate change is climbing up the priority list in the
finance sector worldwide – but it’s still
early days for African financial institutions.
"There is certainly an increase in awareness when it comes
to sustainable finance and climate change initiatives in
Africa," said ENS Africa executive Lloyd Christie.
"Financial institutions are a little bit more advanced on this.
You can see that they are changing their investment mandate and
beginning to offer green investment products, like green
Christie’s optimism is echoed by Andrew
Dixon-Smith, head of legal, global and commercial banking at
Standard Chartered Bank.
"There is certainly engagement across many financial
institutions in Africa and there is particularly focused
engagement with the regional and international institutions on
this topic when it comes to sustainable finance initiatives and
transactions," Dixon Smith added. He pointed to the increased
prominence the topic is getting with regulators across Europe