Standard Bank Sustainability Profile
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 66% 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 globally. This includes 6,960,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 124,222,000 kg CO2e from Scope 2 emissions, related to the purchase of electricity, steam, heating, and cooling. The bank also disclosed Scope 3 emissions, amounting to 16,505,000 kg CO2e, which primarily arise from business travel and waste generated in operations. Standard Bank has set ambitious climate commitments, aiming for net-zero emissions across its lending and investment portfolio by 2050. Additionally, the bank has established a target to reduce its direct emissions (Scope 1) by 79% by 2040, using 2014 as the baseline year. This commitment reflects a long-term strategy to significantly lower its carbon footprint and contribute to global climate goals. The emissions data is sourced from Standard Bank Group Limited, with no cascaded data from parent or related organizations. The bank's proactive approach to climate action aligns with industry standards and reflects its dedication to sustainability in the financial sector.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 11,436,000 | 00,000,000 | 00,000,000 | 00,000,000 | 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 | 303,332,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 17,500,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Standard Bank's Industry?
How Carbon Intensive is Standard Bank's Location?
Standard Bank's Scope 3 Categories Breakdown
Standard Bank's Scope 3 emissions, which increased by 3% last year and decreased by approximately 6% since 2013, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 11% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 189% of Scope 3 emissions.
Top Scope 3 Categories
Standard Bank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Standard Bank has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
