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 68% 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, with Scope 1 emissions at about 6,960,000 kg CO2e and Scope 2 emissions at approximately 124,222,000 kg CO2e. The bank's emissions from Scope 3 were reported at about 16,505,000 kg CO2e, primarily 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 and Scope 2) 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 bank's emissions data is sourced from Standard Bank Group Limited, ensuring transparency and accountability in its climate reporting. As part of its ongoing efforts, Standard Bank continues to monitor and disclose its emissions, aligning with industry standards and best practices in climate management.
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Access structured emissions data, company-specific emission factors, and source documents
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 11,436,000 | 000,000,000 | 000,000,000 | 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.
