Created before Nov 2016
Last update: 2018-05-22 17:19:35
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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.
9th Floor - 5 Simmonds St.
Sim Tshabalala |
Annual integrated report 2017|
Report to Society 2017
listed on JSE Limited
Related Dodgy Deals
Projects - active profiles
East African Crude Oil Pipeline (EACOP) Uganda profile
Kusile coal power plant South Africa profile
Thabametsi coal power plant South Africa profile
Companies - active profiles
Companies - on record profiles
Anglo American United Kingdom profile
Glencore Switzerland profile
Shenhua Group China profile
Dodgy Deals map
Activists in Johannesburg Join a Global Call to Action: Standard Bank Give the Equator Principles Teeth!
While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning
BankTrack to Equator Principles banks; ‘get the Outside Job done’
New rules for Equator Principles, but no new commitments from banks
BankTrack calls upon banks to Close the Gap on investment policies
Equator Principles: Action, not words needed
Civil society groups call for bold steps forward with Equator Principles
Projected health impacts of Lamu plant (Greenpeace study, see: https://twitter.com/laurimyllyvirta/status/1009385315688206337)
Open Appeal to ANZ, Standard Bank and BNP Paribas: Stay away from the Toka Tindung gold mine on Sulawesi!
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
Equator Principles Dodgy Deals
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).