October 11, 2018 / 1:00 PM / 6 days ago

Standard Chartered creates sustainable finance team

LONDON, Oct 11 (Reuters) - Standard Chartered will create a new team to lead its push into the sustainable finance business, the Asia, Africa and Middle East-focused bank said on Thursday.

The team follows Stanchart’s move in common with other peers in recent months to stop financing coal-fired power plants, as investors increasingly pressure lenders to end funding of fossil fuels. It will be led by Daniel Hanna, the bank’s head of public sector and development organisations. (Reporting By Lawrence White; editing by Emelia Sithole-Matarise)

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