Standard Bank Group

Our approach to Sustainability

Driving sustainable growth and value is a strategic priority for the group and is central to our purpose and strategy. Our approach is based on maximising positive impact and effectively managing risk.

Our approach is based on
Maximising positive impact

Realising the significant opportunity to grow earnings and market share by providing products and services that meet the development needs of Africa and Africa’s people

Effectively managing risk

Minimising and mitigating the risks (including climate-related financial risks), arising from our own operations, who we do business with and what we finance

Our activities are guided by our obligation under various global frameworks

Frameworks

We have identified 4 SDGs to which we can make a significant contribution

Signatory to the Equator Principles

Align with the IFC Performance Standards on Environmental and Social Sustainability

Our impact areas are informed by the priorities of Agenda 2063

We commit to net zero emissions by 2050

The King Iv Code on Corporate Governance forms the cornerstone of our corporate governance principles and practices

We publish a TCFD aligned climate-related financial disclosures report (since 2021)

Liberty and Stanlib comply with the PRI

Liberty and Stanlib comply with the Principles of the second Code for Responsible Investing in South Africa (CRISA 2)

  • Frameworks

We have identified 4 SDGs to which we can make a significant contribution

Signatory to the Equator Principles

Align with the IFC Performance Standards on Environmental and Social Sustainability

Our impact areas are informed by the priorities of Agenda 2063

We commit to net zero emissions by 2050

The King Iv Code on Corporate Governance forms the cornerstone of our corporate governance principles and practices

We publish a TCFD aligned climate-related financial disclosures report (since 2021)

Liberty and Stanlib comply with the PRI

Liberty and Stanlib comply with the Principles of the second Code for Responsible Investing in South Africa (CRISA 2)

Maximizing positive impact by

Mobilised R105.1 billion in sustainable finance

against our target of >R250 billion by 2026

Mobilised R33.6 billion

green finance, against our target of R65 billion by end of 2024

Mobilised R4.4 billion

social finance by the end of 2023

We have refined and streamlined our Impact areas from 7 to 4

Each area is aligned with our core business activities, and links to specific SDG targets

We continue to invest in CSI programmes

working with partners in government and society.

Dealogic

#1 Sustainable Finance Mandated Lead Arranger 2023

EMEA Finance African Banking Awards

Best Pan-African Green Finance Bank

In 2023, we published our updated

Sustainable Finance Framework which outlines the methodology and associated policies and procedures to facilitate the raising of finance in the form of sustainable financing instruments.
Report to Society
An assessment of our impact on society, the economy and the environment, focusing on the four areas in which we have the most significant impact 
RTS_Report2023_14Dimensions
Sustainability reporting centre
Visit our Sustainability Reporting Centre to view and download policies and documents in support of our commitment to driving Africa’s sustainable growth.