Standard Bank Group’s (the group or Standard Bank) ESG (environmental, social and governance) report provides an overview of the processes and governance structures the group has in place to support our commitment to doing the right business, the right way.
It includes information about how we ensure that a strong ethical culture and appropriate conduct is embedded across the group – reflected in the way in which we treat our clients, suppliers and partners, how we support and develop our people, and how we impact on the societies in which we operate.
This report includes an overview of:
|-||Our values and code of ethics|
|-||United Nations Principles for Responsible Banking|
|-||Our human rights statement|
|-||Mechanisms for raising concerns/ whistleblowing|
|-||Transparency regarding tax matters|
|and responsible procurement|
Around the world, investors, regulators and standard setting bodies are demanding greater transparency about how businesses are managing non-financial risks, particularly those created by climate change. Social expectations about the role and responsibilities of business in general also continue to change. Our business depends on us being a trusted partner to a broad range of stakeholders, including our clients, our regulators, our business partners and the communities in which we operate.
The Standard Bank Group board is responsible for ensuring the group conducts itself as a responsible, ethical corporate citizen.
Dedicated board and management committees are responsible for the oversight of ethics, conduct, culture, stakeholder engagement and ESG risk management, to ensure our values and standards are reflected in all our day-to-day activities. In 2019, the group adopted a new ESG governance framework, which recognises ESG as a separate risk type within non-financial risk and assigns clear accountability for management of this risk area.
For further information about Standard Bank’s board structure, management structure and related policies, please refer to the Standard Bank Group’s Annual Integrated Report and our Governance and Remuneration Report.