• Who we are
    • Our group at a glance
    • Our Values and Code of Ethics
    • Corporate Governance
    • Our Leadership
    • Our Structure
    • It Can Be

    Standard Bank Group is a financial institution that offers banking and financial services to individuals, businesses, institutions and corporations in Africa and abroad.

    Find out about:

    • Our Strategy
    • Our financial results
    • Our global presence
    Contact us
    Contact Centre
    0860 109 075
    International
    +27 11 636 9111
    All our products and services are based on a set of values that uphold the empowerment of our customers. Both internally, and in daily engagement with the our clients we foster transparency, innovation, accountability and superior service.
    Contact us
    Contact Centre
    0860 109 075
    International
    +27 11 636 9111
    We ensure that all our services and products across borders are compliant with local legislation wherever we go. As we grow in Africa, we will continue to review our systems and processes according to the best possible compliance and risk management skills.
    Contact us
    Contact Centre
    0860 109 075
    International
    +27 11 636 9111

    Our board of directors aims to promote the group’s long-term success. It delegates day-to-day management of the business and implementation of strategy to the Group Chief Executive, who is supported by the Group Leadership Council.

    Find out about:

    • Our Board of Directors
    • Our Group Leadership Council
    Contact us
    Contact Centre
    0860 109 075
    International
    +27 11 636 9111

    We operate across the African continent through a number of subsidiaries, to provide solutions to all our clients.

    Find out about  our subsidiaries.

    Africa is our home. An exciting place, bursting with possibilities. In every corner, individuals and businesses are working relentlessly to achieve their dreams.

    We believe that dreams matter. They are the fuel that powers the future. To realise dreams, we take uncharted paths together. Paths that lead to growth. That’s why, every day, we are committed to finding new ways to make dreams possible.

  • What we do
    • Our Business

    We are a financial services group, offering services and solutions for 160 years, to Consumer & High Net Worth Clients, Business & Commercial Clients and Corporate and Investment Banking in and across Africa as well as key global locations.

     

  • Why we matter
    • Climate strategy
    • Our Sponsorships
    • Our Achievements
    • Reporting to society

    Our purpose is to drive Africa’s growth. We aim to do this in a sustainable and inclusive way. This means that we strive to have a positive impact through our business on important aspects of Africa’s development like education, infrastructure, financial inclusion and other UN Sustainable Development Goals.

    It also requires that we reduce the negative impacts of our business on the environment and society. Climate change is an important issue with implications for Africa’s growth. As the largest bank on the continent, we have the opportunity to play a leading role in supporting a just energy transition for Africa.

    Latest news
    Climate strategy
    Standard Bank unveils climate targets to support Africa’s sustainable development
    Group sets course for a net zero future and pledges to mobilise a cumulative amount of between R250 billion and R300 billion in sustainable finance by end of 2026.
    Our sponsorship initiatives promote community upliftment through the support of sporting, art and music events, teams, festivals and clinics. We strive to nurture growing talents and to aid local communities to grow in their chosen fields.
    We are proud to be a part of what’s happening in Africa. By fostering growth opportunities on the continent, we believe that hands across borders will continue to strengthen business in Africa.

    We drive sustainable and inclusive economic growth in Africa. To ensure our commitment to making a positive and lasting impact, we have developed a framework of initiatives and objectives towards long-term social, economic and environmental upliftment.

    • Our purpose
    • Social, Economic and Environmental framework
    • Our impact areas
    • Download reports
  • Whats happening
    • Voices of Resilience
    • Newsroom
    • Covid-19
    • Campaigns
    • HeforShe
    • Our Financials
    Get local and international financial report, analysis, commentary, banking news and all the stories you want to know.
    Latest news
    Peoples health and lives come first - Sim
    We're here for you as we face this pandemic
    Our teams are ready to serve our individual, business and corporate clients as usual. While doing everything we can to keep our staff and clients safe, and to flatten the curve, we have also taken all the necessary steps to ensure that our essential services will be able to function.
    Latest news
    Peoples health and lives come first - Sim
    We're here for you as we face this pandemic
    Our teams are ready to serve our individual, business and corporate clients as usual. While doing everything we can to keep our staff and clients safe, and to flatten the curve, we have also taken all the necessary steps to ensure that our essential services will be able to function.
    A view of all the campaigns within our group.
    Campaigns
    Changing the present to reshape the future
    At Standard Bank our dream is that everyone's dreams can be. We can work together. We can find solutions. And we can prove that with the right help, It Can Be.

    Gender equity is a fundamental human right, and Standard Bank Group has committed to help create a gender-equal world.

Standard Bank Group
Sign in
Standard Bank Group
Who we are
Who we are
Our group at a glance
Our Values and Code of Ethics
Corporate Governance
Our Leadership
Our Structure
It Can Be
What we do
What we do
Careers
Sponsorships
Rentia
Sustainability 17 November 2022

Standard Bank Group sets aside R50 billion for renewable energy

Encourages Mining Houses to consider captive power solutions

Standard Bank Group, of which Stanbic Bank Zambia is a member, has stated that R50 billion has been set aside for renewable energy projects over the next three-years across all its operating regions.

Speaking on a panel discussion of the 10th Zambia International Mining and Energy Conference and Exhibition (ZIMEC) in Kitwe recently, Standard Bank Group Head Power, Client Coverage, Rentia van Tonder, advised that the Group had set aside R50 billion to help increase uptake in renewable energy sources across the region.

“Standard Bank Group has committed to mobilise a cumulative amount of between R250 billion and R300 billion for sustainable finance by the end of 2026.  Of that target, R50 billion will be focused over the next three years on Renewable energy. This is not only in South Africa, but on the broader continent,” Ms van Tonder said at the just ended 2022 ZIMEC.

“From the onset of the year-to-date, we have already committed close to R20 billion just for this financial year, we will track our progress to monitor as we go forward. It is fair to note that these opportunities take long to develop and to reach financial close. However, we do find that there is definitely more traction and appetite, in terms of clients looking at transitioning to net zero and fast-tracking renewable energy as a key value proposition, not only now, but well into the future.”

Ms Van Tonder explained that the funds set aside over the next three years across the 20 markets the Group operates in Africa were focused mainly on solar and wind power projects.

She further observed that there was need to prioritise sustainable energy to drive growth across African economies.

“The theme around sustainability, unlocking growth for mining companies with energy transitioning is absolutely critical. Sustainable energy unlocks growth in the mining sector. And what I have noted is that there is close collaboration between the mining and energy sectors,’ said Ms Van Tonder.

‘To reach Government’s target of 3 million tonnes in copper production in the next five to ten years, it will be a challenge to achieve the target outside the sustainable energy development agenda,” she continued.

Ms van Tonder equally advised mining houses to consider captive power solutions as they look at their green ambitions.  She advised that Stanbic Bank has developed capabilities and expertise in financing of renewable energy and stand ready to support captive power and hybrid systems with solar and battery energy storage systems.

Speaking earlier during a panel discussion dubbed Clean & Green – Prioritising Renewable Energy Projects and Energy Infrastructure Investment Opportunities, Ms van Tonder stated that that there was a need to develop more regional investment projects that transcended national borders.

This is especially relevant as countries can now come together and develop something that’s workable for a specific opportunity or project.

‘What we need to do is take more of a regional view and have the ability to plug into regional transition networks to become more of regional players. So, if one considers a more sizable investment, energy tariffs will be more competitive and attractive as economies of scale benefits will be realised. At the end of the day, one will have a conducive investment environment, and the lenders -will be able to consider funding in the energy sector,” said Ms van Tonder.