Standard Bank
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 70% 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. This includes Scope 1 emissions of about 6,960,000 kg CO2e, primarily from stationary combustion, and Scope 2 emissions of approximately 124,222,000 kg CO2e. Additionally, the bank's Scope 3 emissions were reported at around 16,505,000 kg CO2e, with significant contributions from business travel. Standard Bank has set ambitious climate commitments, aiming for net-zero emissions across its lending and investment portfolio by 2050. This long-term target reflects a commitment to sustainability and aligns with global climate goals. Furthermore, the bank has established a target to reduce its direct emissions (Scope 1) by 79% by 2040, using 2014 as the baseline year. This target also applies to Scope 2 emissions, demonstrating a comprehensive approach to reducing its carbon footprint. The emissions data is sourced from Standard Bank Group Limited, ensuring accuracy and consistency in reporting. The bank's ongoing efforts to address climate change are evident in its strategic initiatives and long-term reduction targets, positioning it as a leader in sustainable banking practices in South Africa and beyond.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 11,836,000 | 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 | 233,107,000 | 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 | 35,009,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Standard Bank is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
