Standard Bank
Standard Bank Group, often referred to simply as Standard Bank, is a leading financial
DitchCarbon Score
How does Standard Bank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Standard Bank's score of 47 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Standard Bank's reported carbon emissions
In 2024, Standard Bank reported total carbon emissions of approximately 147,687,000 kg CO2e, comprising 6,960,000 kg CO2e from Scope 1, 124,222,000 kg CO2e from Scope 2, and 16,505,000 kg CO2e from Scope 3 emissions. Notably, the bank has set ambitious climate commitments, aiming for net-zero emissions across its lending and investment portfolio by 2050. Additionally, it targets a 79% reduction in direct emissions (Scope 1 and 2) by 2040, using 2014 as the baseline year. In 2023, the bank's total emissions were reported at approximately 153,652,000 kg CO2e, with Scope 1 emissions at 18,560,000 kg CO2e, Scope 2 at 119,352,000 kg CO2e, and Scope 3 at 15,999,000 kg CO2e. This indicates a slight decrease in total emissions from the previous year. Standard Bank's emissions data is sourced directly from its own disclosures, with no cascaded data from parent organizations. The bank's commitment to sustainability is reflected in its long-term strategies aimed at significant reductions in carbon emissions, aligning with global climate goals.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 11,836,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 2 | 233,107,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 35,009,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Standard Bank is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
