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KBC: Takes an even stricter line on fossil fuels

February 18, 2021

Persistently strong signals from society that the use and exploitation of fossil fuels highly damaging for planet’s future
The tightening of KBC’s policy on fossil fuels relates to financing, insuring, advising and investing in the coal industry
KBC long stated its wish to guide its existing business clients through this process
KBC actively contributing to the achievement of the objectives set out under the United Nations’ Collective Commitment to Climate Action
KBC also redoubling its efforts to further reduce its own ecological footprint
Also introducing additional restrictions for suppliers of coal-producing companies and coal-fired power stations