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Absa GroupSouth Africa
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This profile is actively maintainedCreated before Nov 2016
Last update: 2022-04-05 11:21:12
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Absa Group head offices. Photo: Courtesy of Absa GroupAbout 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.
| Website | https://www.absa.africa/absaafrica/ |
| Headquarters |
7th Floor, Absa Towers West 15 Troye Street
2000 Johannesburg
South Africa
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| CEO/chair |
Arrie Rautenbach Group CEO |
| Supervisor | |
| Annual report | Annual report 2021 |
| Ownership |
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
Absa Group has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.
Dodgy Deals map
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Active profiles
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On record profiles
Policy Assessments
Tracking the Equator Principles
EPFIs reporting status
BankLast update
Country
Reporting period
PF deals under EP
Project names reported
% Project names reported
Details
Absa Bank Limited
2022-08-08
ZAF
2021
2
2
100
1.01000000003E+38
0
Explanation
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.
For more details see this page.
Banks and Human Rights
Human Rights Benchmark Africa 2021
BankLast update
Country
Score
Ranking
Details
Absa Group
ZAF
2
Laggard
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Explanation
Laggard
Follower
Front runner
Leader
0 - 3.5 points
4 - 5.5 points
6 - 8.5 points
9 - 14 points
For more details see this page.
News
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Type:
Year:
Documents
Type:
Year:
Policies
Voluntary standards
Absa 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 (TCFD)
Investment policies
Absa Group's web page on corporate social responsibility can be accessed here.
Year:
Equator Principles
Implementation and reporting
Absa Group is reporting on the implementation here.
