Standard Bank

Standard Bank, a South African-based financial intermediation services company, reported total emissions of approximately 147,687,000 kg CO2e in 2024. This includes Scope 1 emissions of around 6,960,000 kg CO2e (from sources such as mobile combustion, fugitive emissions, and stationary combustion), Scope 2 emissions of approximately 124,222,000 kg CO2e, and Scope 3 emissions totalling about 16,505,000 kg CO2e. Key contributors to Scope 3 emissions were business travel and waste generated in operations.

Looking back, Standard Bank's total emissions have shown a downward trend from 2019, when they were approximately 229,892,000 kg CO2e.

Standard Bank has set several climate commitments:

• Net-Zero Target: The company aims to achieve net-zero carbon emissions for its lending and investment portfolio by 2050.
• Operational Net-Zero: Standard Bank is committed to achieving net-zero carbon emissions from its own operations for newly built facilities by 2030 and for existing facilities by 2040.
• Absolute Reduction Targets (South Africa Operations): The company targets a 79% reduction in Scope 1 and Scope 2 emissions by 2040 for its South African operations, using a 2014 base year.

The emissions data and reduction targets are directly reported by Standard Bank Group Limited.