NINE

Environmental sustainability,
and climate change mitigation
and adaptation

SDG 13 prioritises urgent action to combat climate change and its impacts. Africa is particularly vulnerable to the negative impacts of climate change – for instance, access to clean water, drought and flooding, and the impact of changing weather patterns on harvests.

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We’re working with clients to develop appropriate solutions for mitigating the effects of climate change, especially in agriculture. Standard Bank is a major investor in renewable energy technologies across Africa. We have also invested in renewable solutions to reduce our direct carbon footprint.

Minimising our direct environmental impacts

R4.9 million invested into energy efficiency improvements, producing 1 978 kw from renewable energy in 2017. Since 2014 SBSA’s carbon footprint reduced by 21.7% to 260 721 CO2e metric tons in 2017.

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The relevance of environmental and social impacts/opportunities (including climate change) is no longer a point of discussion. These are mainstream within the DNA of Standard Bank Group, as we seek to achieve our shared goal of moving Africa forward sustainably.
– Nigel Beck, Head of environmental and social risk and finance, Standard Bank Group

©2014 Standard Bank is a licensed financial services provider in terms of the Financial Advisory and Intermediary Services Act and a registered credit provider in terms of the National Credit Act, registration number NCRCP15.

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