Standard Bank

Standard Bank, a financial intermediation services company based in South Africa (ZA), has reported significant carbon emissions over the years. In 2024, the bank's total emissions were approximately 147,687,000 kg CO2e. This figure 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.

Looking back, total emissions in 2023 were approximately 153,652,000 kg CO2e, with Scope 1 at about 18,560,000 kg CO2e, Scope 2 at approximately 119,352,000 kg CO2e, and Scope 3 at around 15,999,000 kg CO2e. In 2022, total emissions were reported as approximately 162,085,000 kg CO2e, including Scope 1 emissions of about 12,083,000 kg CO2e, Scope 2 emissions of approximately 137,644,000 kg CO2e, and Scope 3 emissions of around 12,358,000 kg CO2e.

Standard Bank is committed to a net-zero future. They aim to achieve net-zero carbon emissions for their lending and investment portfolio by 2050. Furthermore, specific targets include reducing direct emissions from Standard Bank operations in South Africa by 79% by 2040, using a 2014 baseline for both Scope 1 and Scope 2 emissions. The bank also has a near-term commitment to achieve net-zero carbon emissions from its own operations for newly built facilities by 2030, and for existing facilities by 2040. Their portfolio of financed emissions is also targeted for net-zero by 2050.

While the provided data shows emissions for various scopes, it's noted that Scope 3 data for "purchased goods and services" is consistently listed as a missing data point across several reporting years. The organisation's climate reporting is not cascaded from a parent organisation.