Standard Bank
Standard Bank Group Limited, commonly known as Standard Bank, is a leading financial institution headquartered in Johannesburg, South Africa (ZA). Established in 1862, the bank has evolved into a prominent player in the financial intermediation services sector, excluding insurance and pension funding services. With a strong presence across Africa and key operational regions in Southern and Eastern Africa, Standard Bank offers a diverse range of services, including personal and business banking, investment solutions, and corporate banking.
Renowned for its innovative approach, Standard Bank provides unique products tailored to meet the needs of its clients, such as digital banking solutions and wealth management services. The bank's commitment to sustainability and community development further enhances its market position. As one of Africa's largest financial institutions, Standard Bank continues to achieve significant milestones, solidifying its reputation as a trusted partner in financial services.
+12 vs industry average
Standard Bank’s score of 47 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Standard Bank's reported carbon emissions
Standard Bank, headquartered in ZA and operating in financial intermediation services, has reported its carbon emissions for several years. In 2024, the company's total emissions were approximately 147.7 million kg CO2e. This figure comprises Scope 1 emissions totalling about 7 million kg CO2e, Scope 2 emissions of roughly 124.2 million kg CO2e, and Scope 3 emissions amounting to approximately 16.5 million kg CO2e. Looking at previous years, total emissions were approximately 153.7 million kg CO2e in 2023, 162.1 million kg CO2e in 2022, 163.7 million kg CO2e in 2021, 186.2 million kg CO2e in 2020, and 229.9 million kg CO2e in 2019. Emissions have shown a downward trend from 2019 to 2024. Standard Bank has established significant climate commitments. It is committed to achieving net-zero emissions for its lending and investment portfolio by 2050. Furthermore, the bank aims for net-zero carbon emissions from its own operations, with newly built facilities targeted by 2030 and existing facilities by 2040. For its operations in South Africa, Standard Bank has set a clear target to reduce direct emissions by 79% by 2040, using 2014 as the base year. This target applies to both Scope 1 and Scope 2 emissions.
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Standard Bank’s Climate Goals (2030 & 2050)
5 goals2040
79% reduction in Scope 2
The method defined a clear target for Standard Bank operations in South Africa to reduce direct emissions by 79% by 2040 when compared to th…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 5 climate goals
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Scope 3 top emissions categories
2 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives

Science Based Targets Initiative

Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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