Standard Bank

Standard Bank, a financial intermediation services company headquartered in ZA, reported total carbon emissions of approximately 147,687,000 kg CO2e in 2024. This figure includes Scope 1 emissions of around 6,960,000 kg CO2e, Scope 2 emissions of approximately 124,222,000 kg CO2e, and Scope 3 emissions of about 16,505,000 kg CO2e. In 2023, total emissions were higher at approximately 153,652,000 kg CO2e, comprising Scope 1 emissions of 18,560,000 kg CO2e, Scope 2 emissions of 119,352,000 kg CO2e, and Scope 3 emissions of 15,999,000 kg CO2e.

Standard Bank is committed to achieving net-zero emissions for its lending and investment portfolio by 2050. The bank also aims for net-zero carbon emissions from its own operations, targeting newly built facilities by 2030 and existing facilities by 2040. Furthermore, Standard Bank has a long-term absolute reduction target for its South Africa operations to cut direct Scope 1 and Scope 2 emissions by 79% by 2040, against a 2014 baseline. The company's emissions data and climate commitments are directly from Standard Bank Group Limited.