Equipping professional accountants for sustainability
The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
READ MOREBank Australia to steer customers towards electric vehicles with halt to loans for fossil fuel cars in 2025
An Australian bank will stop offering loans for new fossil fuel cars from 2025 in a step it says will encourage more people to buy electric vehicles.
The customer-owned Bank Australia will announce the self-imposed ban at a national EV summit in Canberra on Friday, arguing it is a responsible step to ensure its lending practices did not “lock our customers into higher carbon emissions and increasingly expensive running costs”.
The bank’s chief impact officer, Sasha Courville, said the bank, which has 185,000 customers, would continue to fund loans for second-hand cars with internal combustion engines as it recognised not everyone would be able to afford an EV in three years.
Read more at The Guardian
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