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Created before Nov 2016
Last update: 2017-09-15 12:26:51
Johan Frijns, BankTrack
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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.
At the end of 2015 Standard Bank Group controlled assets worth ZAR1,981,085 million (approximately USD164.7 billion).
9th Floor - 5 Simmonds St.
Ben Kruger and Sim Tshabalala |
|Annual report||Annual Integrated Report 2016|
listed on JSE Limited
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Voluntary initiativesStandard Bank has committed itself to the following voluntary standards:
Standard Bank has not made their environmental and social policy guides on how they manage environmental and social risks publicly available. To read more about sustainability at Standard Bank go here.
Standard Bank 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. Standard Bank adopted the Equator Principles in 2009.
Reporting on the Equator Principles
Standard Bank must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
- Standard Bank is not in compliance with its reporting obligations. The link provided is broken or not correct
Standard Bank is involved in financing the following Equator Principles projects that BankTrack considers controversial.
Implementation and reporting
Standard Bank is reporting on the implementation here.
Contact and complaints
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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).