Diversity, equity and inclusion
We know that diversity is one of our biggest strengths. Diversity drives innovation and enables us to respond more appropriately to the needs of our customers. That is why we are committed to building an inclusive and engaging culture, where we all feel valued because of our differences and are empowered to bring our different perspectives and ideas to the workplace.
Our focus areas
Equal pay
Standard Bank has a policy of equal pay for work of equal value, ensuring equitable pay across the group
The balance of gender pay distribution across the group has improved in 2021.
Gender equality
Committed to advancing gender equality and women empowerment in the workplace, marketplace and community
Initiatives such as our Blue Malaika programme provided 215 women across the group with opportunities to engage and learn from the group's female leaders.
| 34.1% women leadership at executive level |
41.8% women leadership at management level |
35.3% women leadership at board level |
LGBTQ+
Recognising the diversity of our employees as one of our greatest strengths
While we note and abide by the laws of the countries in which we operate, within Standard Bank Group we will not discriminate against employees, customers, or clients based on sexual orientation.
Disability policy
Ensuring that employees with disabilities have equal opportunities in the workplace
We’re committed to the promotion of equal opportunities for all persons. We live this policy by actively encouraging people with disabilities to seek employment with the Standard Bank Group and working to eliminate all forms of “systemic disadvantages” that might hinder their access to employment or career advancement.
Representation in the South African context
Supporting employment equity across the people value chain
Our new Employment Equity Plan will be implemented from 2022 in consultation with financial sector stakeholders and the Department of Employment and Labour in South Africa.
| 46.2% black African employees at top management level |
54.4% black African employees at senior management level |
42.8% black African board members |
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Equal pay
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Gender equality
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LGBTQ+
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Disability policy
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Representation in the South African context
Standard Bank has a policy of equal pay for work of equal value, ensuring equitable pay across the group
The balance of gender pay distribution across the group has improved in 2021.
Committed to advancing gender equality and women empowerment in the workplace, marketplace and community
Initiatives such as our Blue Malaika programme provided 215 women across the group with opportunities to engage and learn from the group's female leaders.
| 34.1% women leadership at executive level |
41.8% women leadership at management level |
35.3% women leadership at board level |
Recognising the diversity of our employees as one of our greatest strengths
While we note and abide by the laws of the countries in which we operate, within Standard Bank Group we will not discriminate against employees, customers, or clients based on sexual orientation.
Ensuring that employees with disabilities have equal opportunities in the workplace
We’re committed to the promotion of equal opportunities for all persons. We live this policy by actively encouraging people with disabilities to seek employment with the Standard Bank Group and working to eliminate all forms of “systemic disadvantages” that might hinder their access to employment or career advancement.
Supporting employment equity across the people value chain
Our new Employment Equity Plan will be implemented from 2022 in consultation with financial sector stakeholders and the Department of Employment and Labour in South Africa.
| 46.2% black African employees at top management level |
54.4% black African employees at senior management level |
42.8% black African board members |
Environmental, social and governance report 2022
Our ESG report includes an overview of our approach to ESG, material issues and information about how we embed a strong ethical culture and conduct across the group.
Encouraging diversity through our code of ethics
Code of ethics and conduct
Our commitment to workplace diversity is enshrined in our Group Code of ethics and conduct
Achieving workplace diversity
Development
5 May 2020
Stanbic IBTC Tops List Of Banks With Gender Balance In Executive Positions
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Our leadership
The skills and experience of our leadership at council and board level underpin our ability to deliver on our commitment to driving Africa’s sustainable growth.
Our purpose and strategy
We are a client-led and digitally enabled financial solution provider aiming to deliver sustainable growth for individuals, businesses and communities throughout Africa.