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Principles must bring commitments
Banks endorsing draft Principles for Responsible Banking called upon to urgently act on what they sign
FirstRandSouth Africa
Created before Nov 2016
Last update: 2018-10-23 11:56:46
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About FirstRand
FirstRand Bank head offices. Photo: Google Earth/StreetviewFirstRand Limited (also referred to as FirstRand Group) was established on April 1, 1998. FirstRand is a fully integrated financial services group and one of the big four South African retail, commercial and investment banks. Through its ownerships of brands like First National Bank (FNB), Rand Merchant Bank (RMB), Ashburton Investments, and Wesbank, the group operates in almost every area of the financial services arena. The group has representation elsewhere in Africa, including Nigeria, as well as the United Kingdom, Dubai, Australia, China, and India. The bank has signed the Equator Principles under the name FirstRand Bank Ltd. in 2009.
| Website | https://www.firstrand.co.za/Pages/Firstrand.aspx |
| Headquarters |
4 Merchant Place, Cnr. Fredman Drive & Rivonia Road, 4th Floor
2196 Sandton
South Africa
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| CEO/chair |
Alan Pullinger CEO |
| Supervisor | |
| Annual report | Annual integrated report 2018 |
| Ownership |
listed on JSE Limited & Namibian Stock Exchange
FirstRand's share holder structure can be viewed here. |
Related Dodgy Deals
FirstRand 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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Policies
Voluntary initiatives
FirstRand has committed itself to the following voluntary standards:Investment policies
FirstRand's webpage on corporate social responsibility can be accessed here.
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Issues
FirstRand and the Equator Principles
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. FirstRand adopted the Equator Principles in 2009.
Reporting on the Equator Principles
FirstRand must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
- FirstRand is in compliance with its reporting obligations. The 2017 report can be found here.
Equator Principles
Implementation and reporting
FirstRand is reporting on the implementation here.
Contact and complaints
Good moves
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