IGEN-EA calls on Standard Bank to invest in green economy

As Standard Bank holds its AGM in Johannesburg today, the Inclusive Green Economy Network-East Africa (IGEN-EA) calls on the bank to lead in financing green, inclusive, and sustainable economic activities in East Africa.

IGEN-EA is a network of over 36 private sector and civil society organizations from East Africa. The network advocates for increased financial flows to the green economic sectors of clean energy, forestry, agriculture and fisheries, and tourism.

These sectors have the potential to boost East Africa's GDP, create jobs, and reduce greenhouse gas emissions. However, investment in these sectors by private financial institutions remains low.

Standard Bank has an opportunity to lead the way in financing a green and sustainable future for East Africa. By investing in these sectors, Standard Bank can help to create jobs, reduce poverty, and protect the environment. Read our full press statement here.