Standard Bank

Standard Bank, a financial intermediation services provider headquartered in ZA, reported its global carbon emissions for 2024 as approximately 147,687,000 kg CO2e. This total comprises Scope 1 emissions of about 6,960,000 kg CO2e, Scope 2 emissions of approximately 124,222,000 kg CO2e, and Scope 3 emissions of around 16,505,000 kg CO2e. Key contributors to Scope 3 include business travel (approximately 31,264,000 kg CO2e) and waste generated in operations (around 1,758,000 kg CO2e). The company noted that data for Scope 3 purchased goods and services was missing for 2024.

Looking back, Standard Bank's total emissions have shown a downward trend from 2019, when they were approximately 229,892,000 kg CO2e. In 2023, total emissions were about 153,652,000 kg CO2e, decreasing from approximately 162,085,000 kg CO2e in 2022 and 163,713,000 kg CO2e in 2021.

Standard Bank is committed to achieving net-zero carbon emissions for its lending and investment portfolio by 2050. Additionally, the company aims for net-zero carbon emissions from its own operations for newly built facilities by 2030 and existing facilities by 2040. For its South African operations, Standard Bank has an absolute reduction target to decrease Scope 1 and Scope 2 emissions by 79% by 2040, compared to a 2014 base year.