Climate change is forcing companies of all sizes to rethink the way they do business.. to find ways to sustain growth in a low, rather than high, carbon economy.
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There is increasing pressure on mining companies over the world to mine sustainably - not least from the world's top mining banks which rank highly on the Dow Jones Sustainability World Index.
Nedbank Capital Head of Resources Mark Tyler says Nedbank and other institutions belonging to the World Index, such as the Royal Bank of Canada and Royal Bank of Scotland, require their clients to comply with World Bank standards, which involve both responsible action towards the natural environment and the community. Tyler said banks such as Nedbank, which ranked 25th on the global sustainability index, did not want to risk their good sustainability reputations by granting loans to companies with bad environmental or people and community practices.
27 Sep 2007
