Standard BankSouth Africa
Created before Nov 2016
Last update: 2019-04-16 11:39:28
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About Standard Bank

Standard Bank is a South African-based financial services group with a global presence focused on emerging markets. It operates in 30 countries around the world, including 17 in Africa. The bank was formed in 1962 as a South African subsidiary of the British overseas bank Standard Bank, under the name Standard Bank of South Africa. Standard Bank Group is the largest African bank by assets and earnings.

Website http://www.standardbank.co.za/
Headquarters
9th Floor - 5 Simmonds St.
2001 Johannesburg
South Africa
CEO/chair Sim Tshabalala
CEO
Supervisor
South African Reserve Bank
Annual reports Environmental, Social and Governance report
Annual report 2018
Governance and remuneration report 2016​​
Ownership
listed on JSE Limited

Publicly listed. The industrial and Commercial Bank of China (ICBC) holds 20.1% of the shares. Standard Bank's complete shareholder structure can be viewed here.

Related Dodgy Deals

Standard Bank 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.

Projects - active profiles

East African Crude Oil Pipeline (EACOP) Uganda profile

oil and gas | transport and infrastructure
Advisor
There are no active projects for Standard Bank now.

Projects - on record profiles

Kusile coal power plant South Africa profile

energy plants - coal
Debt – corporate loan
EUR 705 million
December 2009
Part of € 705 million syndicated loan - ECA/Euler Hermes-covered loan used to fund part of the foreign content of the Kusile boiler contract with Hitachi Power Europe (HPE)
source: Eskom Press Release

Rapu Rapu copper mine Philippines profile

mining - non coal
Uncategorised
Co owner of SEASAF Ltd, managing investment fund

Thabametsi coal power plant South Africa profile

energy plants - coal
Approached, interested
source: Thabametsi Power Company
link

Toka Tindung gold mine Indonesia profile

mining - non coal
Approached, interested
USD 60 million
January 2010
part of syndicate loan of USD 60 million
source: link

Companies - active profiles

There are no active companies for Standard Bank now.

Companies - on record profiles

Anglo American United Kingdom profile

mining - coal | mining - non coal
Debt – corporate loan
EUR 18.3 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Eskom South Africa profile

energy plants - coal | energy plants - nuclear
Debt – corporate loan
USD 170 million
2014 - 2017
source: BankTrack Coal Developers Report 2017
link

Glencore Switzerland profile

mining - coal
Debt – corporate loan
EUR 29.4 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Dodgy Deals map

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Assessments

Human rights
Bank
Country
Details
Leader
Front runner
Follower
Laggard
Standard Bank
ZAF
For more details, see the BankTrack Human Rights Benchmark 2019.

News

| |
Type:
Year:
blog
external news
our news

Standard Bank’s coal policy fails to provide meaningful leadership on the climate crisis

2020-03-12 | Life After Coal/Impilo Ngaphandle Kwamalahle
blog
external news
our news

Total abuses in Uganda: French High Court of Justice declares itself incompetent in favour of the Commercial Court

2020-01-30 | Friends of the Earth France
blog
external news
our news

4 out of 5 banks failing on human rights, new BankTrack Human Rights Benchmark shows

Lloyds, Bank of America, Goldman Sachs and Société Générale among the poorest performers in BankTrack ranking, alongside Canadian and Chinese banks
2019-11-26 | BankTrack
blog
external news
our news

Is your cash fuelling the climate crisis?

2019-11-25 | Mail & Guardian Online
blog
external news
our news

Uganda and DRC CSOs communique on failures in EACOP ESIA public hearings

2019-10-25 | Africa Institute for Energy Governance
blog
external news
our news

Total’s suspension of the East African Crude Oil Pipeline is a chance for Standard Bank and others to think again

2019-09-19 | Ryan Brightwell – BankTrack
blog
external news
our news

Duty of Care: Total served formal notice for its activities in Uganda

2019-06-27 | Friends of the Earth France
blog
external news
our news

BankTrack 2019 Human Rights Benchmark: criteria and scope announced

2019-06-25 | Nijmegen | BankTrack
blog
external news
our news

Activists urge banks not to finance Ugandan oil pipeline

2019-06-07 | Reuters
blog
external news
our news

Standard Bank shareholders defy board in vote for greener disclosure

They want the bank to adopt a policy on lending to coal operations.
2019-05-31 | Moneyweb
blog
external news
our news

Greens to Standard Bank: we’ll be back

2019-05-30 | Business Live
blog
external news
our news

International Call on Banks: Don’t finance the East Africa Crude Oil Pipeline

African and international groups voice opposition to pipeline development
2019-05-28 | Nijmegen | BankTrack, Inclusive Development International
blog
external news
our news

Standard Bank shareholders to vote on climate change

Upcoming AGM includes a resolution on whether the bank should disclose more on climate risk in its lending business
2019-04-23 | Moneyweb
blog
external news
our news

Standard Bank tables first SA shareholder resolution on climate risk, but Board recommends shareholders vote against it

2019-04-18 | Just Share
blog
external news
our news

Every two weeks a bank, insurer or lender announces new coal restrictions

Major financial institutions restricting coal funding tops 100
2019-02-27 | IEEFA
blog
external news
our news

FirstRand joins exodus of banks funding new coal-fired power plants

2019-02-03 | Daily Maverick
blog
external news
our news

Principles must bring commitments

Banks endorsing draft Principles for Responsible Banking called upon to urgently act on what they sign
2018-11-26 | Paris | BankTrack
blog
external news
our news

Pipeline: Stepping stone for Japanese financiers

2018-10-08 | Daily Monitor
blog
external news
our news

What Banking Officials Told South African Corruption Inquiry

2018-09-18 | Bloomberg
blog
external news
our news

Fake green hues in big banks’ environment-friendly boasts

2018-03-22 | BusinessDay
blog
external news
our news

Activists in Johannesburg Join a Global Call to Action: Standard Bank Give the Equator Principles Teeth!

2017-10-26 | AfricaNewsAnalysis
blog
external news
our news

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
blog
external news
our news

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
blog
external news
our news

Time to Improve the Equator Principles, BankTrack Says

2011-10-24 | Washington | Social Funds
blog
external news
our news

BankTrack to Equator Principles banks; ‘get the Outside Job done’

Equator Principles update must lead to new Principles focused on people and planet
2011-10-23 | Washington | BankTrack
blog
external news
our news

Financiers search for sustainable future

2011-10-20 | Washington | Environmental Finance
blog
external news
our news

China, South Africa in talks on nuclear power cooperation

2010-08-24 | Beijing | Fox Business
blog
external news
our news

The Gibe 3 dam – a test case for China’s role in Africa

2010-08-09 | San Fransisco | International Rivers
blog
external news
our news

New rules for Equator Principles, but no new commitments from banks

New governance rules represent missed chance for Equator Principles to take bold steps forward on transparency and accountability
2010-07-01 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

BankTrack calls upon banks to Close the Gap on investment policies

New report evaluates quality of investment policies of 49 banks; more policies in place, overall quality below what is required
2010-04-27 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

Equator Principles: Action, not words needed

BankTrack calls upon Citi, new chair of Equator Principles to take bold steps forward
2010-03-15 | Nijmegen, The Netherlands | BankTrack
blog
external news
our news

Civil society groups call for bold steps forward with Equator Principles

Major reforms needed on transparency, accountability, implementation and climate change
2010-01-14 | Nijmegen | BankTrack
blog
external news
our news

DJ Archipelago Resources Names 3 Banks For Toka Tindung Finance

2010-01-05 | London | Tradingmarkets.com
blog
external news
our news

Mind the Gap: BankTrack rates credit policies of 45 banks

New report shows continuing gap between policies and practice
2007-12-19 | Utrecht | BankTrack

Documents

| | | | | | | | | | | |
Type:
Year:
csr policies

Thermal coal mining policy

2020-02-29 00:00:00 | Standard Bank
correspondence

Letter from Standard Bank to BankTrack on PRB implementation

2019-09-11 00:00:00 | Standard Bank
csr policies

Coal-fired power finance policy

2019-07-29 00:00:00 | Standard Bank
correspondence

Letter from Standard Bank to BankTrack on Standard bank's role in arranging finance for the East African Crude Oil Pipeline

2019-07-15 00:00:00 | Standard Bank
correspondence

Letter from Inclusive Development International and BankTrack to Standard Bank, Stanbic Bank Uganda and SMBC on Standard bank's role in arranging finance for the East African Crude Oil Pipeline

2019-05-28 00:00:00 | Inclusive Development International and BankTrack
annual reports

Environmental, Social and Governance report

2019-05-01 00:00:00 | Standard Bank
annual reports

Annual report 2018

2019-04-16 00:00:00 | Standard Bank
csr policies

Modern Slavery Statement

2019-02-22 00:00:00 | Standard Bank
ngo documents

Projected health impacts of Lamu plant (Greenpeace presentation)

2018-06-26 00:00:00 | Lauri Myllyvirta, Energy Campaigner at Greenpeace
csr policies

Code of Ethics

2018-05-22 00:00:00 | Standard Bank
annual reports

Report to Society 2017

2018-04-30 00:00:00 | Standard Bank
annual reports

Annual integrated report 2017

2018-04-30 00:00:00 | Standard Bank
csr policies

Human rights statement

(page 19 of ESG report 2017))
2018-03-31 00:00:00 | Standard Bank
csr policies

Anti-bribery and corruption statement

(page 19 of ESG report 2017))
2018-03-31 00:00:00 | Standard Bank
annual reports

Annual Integrated Report 2016

2017-08-17 00:00:00 | Standard Bank
annual reports

Governance and remuneration report 2016​​

2017-03-01 00:00:00 | Standard Bank
our publications

Modern Slavery Statement

2017-02-21 00:00:00 | Standard Bank
ngo documents

Dirty Bankers

How HSBC is financing forest destruction for palm oil
2017-01-17 00:00:00 | Greenpeace
annual reports

Annual-integrated report 2015

2016-04-25 00:00:00 | Standard Bank Group
csr policies

Environmental & Social Risk Management

2016-04-02 00:00:00 | Standard Bank
annual reports

Annual Report 2014

Integrated Annual Report 2014
2015-05-21 00:00:00 | Standard Bank
annual reports

Sustainability Report 2014

2015-05-21 00:00:00 | Standard Bank
annual reports

Annual Integrated Report 2013

2015-04-02 00:00:00 | Standard Bank
annual reports

Sustainability Report 2013

2015-04-02 00:00:00 | Standard Bank
annual reports

Annual integrated report 2012

2013-06-18 00:00:00 | Standard Bank
correspondence

Letter from BankTrack et al. to various financial institutions on APP

2012-11-06 00:00:00 | BankTrack et al.
annual reports

Annual Report 2011

2012-04-05 00:00:00 | Standard Bank
annual reports

Annual report 2010

2011-04-18 00:00:00 | Standard Bank
annual reports

Sustainability Report 2010

2011-04-06 00:00:00 | Standard Bank
correspondence

Letter from BankTrack to EPFIs on issues around Equator Principles Review process

2010-12-18 00:00:00 | Banktrack
our publications

Close the Gap

Benchmarking investment policies of international banks
2010-04-27 00:00:00 | BankTrack
correspondence

Open Appeal to ANZ, Standard Bank and BNP Paribas: Stay away from the Toka Tindung gold mine on Sulawesi!

2010-02-24 00:00:00 | BankTrack, et. al.
bank documents

Manual to assist you in gaining access to records held by a private body

2007-08-14 00:00:00 | Standard Bank
bank documents

Appendix 3 to information disclosure manual

2007-08-14 00:00:00 | Standard Bank

Links

Standard Bank sustainability webpage

http://sustainability.standardbank.com/

Standard Bank and Sumitomo Mitsui Banking Corporation: Don’t finance the East Africa Crude Oil Pipeline

https://act.350.org/sign/stop-east-africa-crude-oil-pipeline/

Policies

Voluntary initiatives

Standard Bank has committed itself to the following voluntary standards:

Investment policies

Standard Bank's webpage on corporate social responsibility can be accessed here.

Year:
csr policies

Thermal coal mining policy

2020-02-29 00:00:00 | Standard Bank
csr policies

Coal-fired power finance policy

2019-07-29 00:00:00 | Standard Bank
csr policies

Modern Slavery Statement

2019-02-22 00:00:00 | Standard Bank
csr policies

Code of Ethics

2018-05-22 00:00:00 | Standard Bank
csr policies

Human rights statement

(page 19 of ESG report 2017))
2018-03-31 00:00:00 | Standard Bank
csr policies

Anti-bribery and corruption statement

(page 19 of ESG report 2017))
2018-03-31 00:00:00 | Standard Bank
csr policies

Environmental & Social Risk Management

2016-04-02 00:00:00 | Standard Bank

Equator Principles

Implementation and reporting

Standard Bank is reporting on the implementation here.

Contact and complaints

Equator Principles Dodgy Deals

Projects

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Rapu Rapu copper mine Philippines

mining - non coal

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Thabametsi coal power plant South Africa

energy plants - coal

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Toka Tindung gold mine Indonesia

mining - non coal

Good moves

Year:

2017

Standard Bank has confirmed that it will not fund the proposed Lamu coal-fired power plant

South Africa’s Standard Bank has confirmed it will not fund the proposed Lamu coal-fired power plant in Kenya. This comes despite earlier reports that it was a major project funder, as included in the bank’s annual report of 2015 (350 Africa).