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Last update: 2022-04-05 11:21:12
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About Absa Group
Absa Group Limited was formed through a series of mergers and acquisitions over more than 100 years, starting in 1888, to form one of Africa’s largest diversified financial services groups. Products and services span retail, business, corporate, investment and wealth banking as well as in investment management and insurance. Absa Bank Limited in South Africa is its principal banking subsidiary alongside majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, Tanzania (Absa Bank and National Bank of Commerce), Uganda and Zambia. The Group also has offices in the Namibia, Nigeria, the United Kingdom and the United States of America as well as insurance operations in Botswana, Kenya, Mozambique, South Africa and Zambia.
7th Floor, Absa Towers West 15 Troye Street
Arrie Rautenbach |
|Annual report||Annual report 2021|
listed on JSE Limited
Absa Group's shareholder structure can be accessed here.
|Complaints and grievances||
Absa Group does not operate a complaints or grievancec mechanism for individuals or communities that might have been affected by the bank's finance.
Related Dodgy Deals
Dodgy Deals map
Tracking the Equator Principles
EPFIs reporting status
EP reporting page: https://equator-principles.com/reporting-absa-group-limited-2020/
Project name reporting status of Equator Principles signatories for each financial institutions' most recent reporting period. Where there is no percentage presented the EPFI has not reported having financed any project transactions in that reporting period.
Banks and Human Rights
Human Rights Benchmark Africa 2021
Absa Group's human rights policies, processes and reporting were assessed as part of the Human Rights Benchmark Africa 2021. The bank is assessed as a Laggard, with a total score of 2 out of 14.
Due dilligence: 0/5
South African banks opt out of EACOP financing
Fifteen banks now steering clear of East African oil project, says Just Share
Standard Bank isolated as other South African banks steer clear of Total’s EACOP oil pipeline
Equator Banks involved in financing at least 200 fossil fuel projects since Paris
Some SA banks committed to fossil fuel disinvestment — others aim to keep coal and oil financing furnaces burning
African banks responsive on human rights but most lack basic policies, finds new benchmark
Equator Principles requirements missing for most projects, finds new BankTrack study
Covid-19 showing importance of early action in tackling global threats, says NPO
While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning
BankTrack to Equator Principles banks; ‘get the Outside Job done’
New rules for Equator Principles, but no new commitments from banks
Equator Principles: Action, not words needed
Annual consolidated and separate financial statements
Voluntary standardsAbsa Group has committed itself to the following voluntary standards:
- Banking Association of South Africa’s (BASA) Principles on Environmental and Social Risk Management
- Carbon Disclosure Project
- Equator Principles
- Global Reporting Initiative
- Principles for Responsible Banking (PRB)
- Principles for Responsible Investment (PRI)
- Task Force on Climate-related Financial Disclosures
Absa Group's web page on corporate social responsibility can be accessed here.
Implementation and reporting
Absa Group is reporting on the implementation here.