Headquarters of Standard Bank. Photo: "Standard Bank Building, Church Square Pretoria" by Paul Saad is marked with CC BY-NC-ND 2.0Standard 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 reports |
Annual report 2021 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. |
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.
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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 publication: 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 publication: 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.
Standard Bank's webpage on corporate social responsibility can be accessed here.
Standard Bank is reporting on the implementation here.
