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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 Group CEO, Executive Director |
Supervisor | |
Annual report | CSR Report 2020 |
Ownership |
listed on JSE Limited
|
Complaints and grievances |
Standard Bank does not operate a complaints or grievances channel for individuals and communities that may be adversely affected by its finance. |
Related Dodgy Deals
Dodgy Deals map
Policy Assessments
Tracking the Equator Principles
EPFIs reporting status
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 Climate
Bank net zero commitments
This table tracks the net zero pledges and commitments of banks. It shows whether banks have committed to net zero by 2050 and have set an interim emissions reduction goal for 2025 and/or 2030. It also notes banks that have not yet set targets but have pledged to do so in the future, including by joining the Collective Commitment to Climate Action or Net Zero Banking Alliance. Finally, it notes whether banks have (pledged to) set Science-Based Targets. More information and references can be found by expanding the 'details' section of each bank.
- A blue check mark means the bank has set a target or joined the alliance. A check mark does not mean that the target set by the bank meets any particular standard, just that is has set a target. In case we have identified short comings in the target, for example when it only applies to lending and not underwriting), this is noted in the 'details' section.
- An orange dash means a bank has pledged to set a target (for example, banks commit to set 2030 and 2050 targets when they join the NZBA), but have not yet actually done so.
Abbreviations:
CCCA = Collective Commitment to Climate Action
NZBA = Net Zero Banking Alliance
SBT = Science-Based Targets
Banks and Human Rights
Human Rights Benchmark November 2019
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Human Rights Benchmark Africa 2021
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Response Tracking
This page evaluates Standard Bank's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
The bank did not respond.
Following the bank's response: The bank responded stating that it is not involved in financing of the project, therefore it has not been included in the scoring.
No information available on whether the bank engaged with its client or took appropriate action.
Following the bank's response: The bank responded stating that it is not involved in financing of the project, therefore it has not been included in the scoring.
The bank responded publicly acknowledging its link to the impacts, but did not address the issues raised. The bank stated that the information provided in the open letter is "given attention and due consideration during...screening processes".
Following the bank's response: The score remains unchanged.
The bank stated that the project will be reviewed by an independent consultant in line with the Equator Principles and the IFC Performance Standards. The bank did not detail any specific actions sought from the company to address human rights violations.
Following the bank's response: The score remains unchanged.
News
Documents
Links
Policies
Voluntary standards
Standard Bank has committed itself to the following voluntary standards:Investment policies
Standard Bank's webpage on corporate social responsibility can be accessed here.
Equator Principles
Implementation and reporting
Standard Bank is reporting on the implementation here.