- Limited data availability regarding client exposures to climate risks and emissions generated from their operations
- Nascent state of climate scenarios for African application
- Challenges in collecting accurate and comprehensive scope 1 and 2 data across multiple countries of operation
Standard Bank Group
Greenhouse gas emissions & sustainability report data
In its 2021 reporting, Standard Bank Group disclosed greenhouse gas emissions of 162.2K tCO2e (Scope 1 and 2 South Africa). By scope: Scope 1: 7.7K tCO2e (South Africa); Scope 2: 154.5K tCO2e (South Africa). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
162.2K tCO2e (Scope 1 and 2 South Africa)
2021
Renewable Energy
1.58% (South Africa)
of total energy
Water Usage
362.6K kl (South Africa)
2021
Waste
284 tonnes (South Africa)
2021
Energy Use
164.2K MWh (South Africa)
2021
📊 Emissions by Scope (2021)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 7.7K tCO2e (South Africa) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 154.5K tCO2e (South Africa) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2021 | 162.2K tCO2e (Scope 1 and 2 South Africa) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced electricity consumption in South African operations by 14% compared to 2020
- Reduced Scope 2 carbon emissions in South Africa by 11% compared to 2020
- Issued social bonds and a green bond to support women’s access to affordable housing and finance renewable energy assets
🎯 Climate & Sustainability Targets
🔜 Short-term
- Achieve an annual reduction of 4.2% of 2014 baseline emissions by 2025
- Mobilise R250-300 billion for sustainable finance by 2026
- Additional R50 billion financing for renewable energy power plants and underwriting of R15 billion by end of 2024
📅 Medium-term
- Net zero carbon emissions from own operations for existing facilities by 2040
- Reduce group advances to upstream oil by 5% by 2030
- Reduce thermal coal exposures to 0.50% of group loans and advances by 2030
🔭 Long-term
- Net zero carbon emissions from portfolio of financed emissions by 2050
🌱 ESG Focus Areas
Climate Change