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 66% 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 global emissions of approximately 147,687,000 kg CO2e, comprising 6,960,000 kg CO2e from Scope 1, 124,222,000 kg CO2e from Scope 2, and 16,505,000 kg CO2e from Scope 3 emissions. Notably, the 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. In South Africa, Standard Bank has established a target to reduce its direct emissions (Scope 1 and 2) by 79% by 2040, using 2014 as the baseline year. This significant reduction initiative underscores the bank's proactive approach to mitigating its carbon footprint. The emissions data is sourced from Standard Bank Group Limited, with no cascaded data from parent organizations. The bank's climate strategy is supported by its participation in the Carbon Disclosure Project (CDP), demonstrating transparency and accountability in its environmental impact reporting.
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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 | 00,000,000 | 00,000,000 | 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.
