Just Share

14 April 2022

Absa Group promises oil and gas policy in response to proposed shareholder resolution

After a promising start in 2020, when the Absa Group voluntarily included a “non-binding advisory vote on climate change risk and opportunity disclosure” in its 31 March 2020 Notice of AGM, the bank has fallen behind its peers in adopting policies relating to climate change and fossil fuel financing.

In April 2020, Absa published a... continued

23 March 2022

How SA banks are doing on climate risk disclosure

Just Share’s latest investor briefing provides an analysis of the most recent climate risk-related disclosures of Investec Limited, FirstRand Limited, Standard Bank Group Limited, Nedbank Group Limited and Absa Group Limited (“the assessed banks”), assessing them against the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). Our... continued

22 March 2022

Deadly air, corporate power

This article was first published in the Daily Maverick on 21 March 2022.

On 18 March, groundWork and the Vukani Environmental Justice Movement succeeded in the “Deadly Air” litigation brought by the Centre for Environmental Rights (CER). Judge Colleen Collis of the North Gauteng High Court confirmed what many residents and activists have known for over a decade: that air pollution in the... continued

18 March 2022

JSE starts to walk its talk on climate

This article was first published in the Business Day on 17 March 2022.

The JSE published its draft Sustainability Disclosure Guidance document in December, with recommended disclosures and metrics and its draft Climate Disclosure Guidance document. Both were available for public comment by the deadline of February 28.

Though the disclosures and metrics laid out in these... continued