It means that they aren’t halting lending to firms which subsequently finance oil and gas. Just not directly the the oil and gas companies.
Eg: they could lend to an equipment maker which has a finance arm which in turn enables their customers to borrow money to buy equipment, and some of those customers are in the fossil fuels industry.
This is actually pretty good if they live up to it.
The word “direct” there sounds a bit suspicious.
It means that they aren’t halting lending to firms which subsequently finance oil and gas. Just not directly the the oil and gas companies.
Eg: they could lend to an equipment maker which has a finance arm which in turn enables their customers to borrow money to buy equipment, and some of those customers are in the fossil fuels industry.
This is actually pretty good if they live up to it.