• Introduction
    • OVERVIEW
    • INTRODUCTION TO THE STANDARD BANK GROUP
    • OUR REPORTING SUITE
    • A LETTER FROM OUR CEO
    • STAKEHOLDER ENGAGEMENT
    • ASSURANCE STATEMENT
     
     
     
     
     
     
  • SEE impact areas
    • OVERVIEW
    • IMPACT REPORTING
    • 1.
      FINANCIAL INCLUSION
    • 2.
      JOB CREATION AND ENTERPRISE DEVELOPMENT
    • 3.
      INFRASTRUCTURE
    • 4.
      AFRICA TRADE AND INVESTMENT
    • 5.
      EDUCATION AND SKILLS DEVELOPMENT
    • 6.
      EMPLOYEE DEVELOPMENT AND TRAINING
     
     
  • ESG
    • OVERVIEW
    • ABOUT THIS REPORT
    • MANAGING E&S RISKS AND OPPORTUNITIES
    • OUR DIRECT ENVIRONMENTAL PERFORMANCE
    • VALUING OUR PEOPLE
    • INVESTING IN COMMUNITIES
    • PROMOTING SOUND GOVERNANCE AND INTEGRITY
    • ESG METRICS AND POLICIES
     
     
  • Transformation
    • OVERVIEW
    • INTRODUCTION
    • A LETTER FROM SBSA CE: LUNGISA FUZILE
    • STANDARD BANK’S BEE SCORECARD
    • WHERE TO FIND MORE INFORMATION
     
     
     
     
     
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Impact reporting

In 2017, we identified 10 areas in which we believed that Standard Bank could make a significant positive social, economic and environmental (SEE) impact.

We identified these areas by looking at the overlap between our core business as a provider of financial services, and the needs of Africa’s people, businesses and economies. The priority issues and targets contained in the UN’s Global Sustainable Development Goals (SDGs), the African Union’s Agenda 2063 and South Africa’s National Development Plan (NDP) informed our thinking.

We’re in the process of refining our impact areas to narrow them down for monitoring purposes and remove overlap.

For the purposes of this report, we’re focusing on six impact areas, namely:
ONE
Financial inclusion

Accessible and convenient digital channels are essential to broaden and deepen financial inclusion across the continent.

SEE more
TWO
Job creation and enterprise development

Micro, small and medium enterprises are key drivers of economic growth and job creation across Africa. But many struggle to move from start-up businesses to sustainable firms...

SEE more
THREE
Infrastructure

Standard Bank works with governments, development finance institutions and other commercial banks to structure and provide appropriate financial solutions to address Africa’s infrastructure...

SEE more
FOUR
Africa trade and investment

Our purpose is to drive Africa’s growth. A core part of our business is to facilitate trade and investment flows between African countries, and between African countries and global markets.

SEE more
FIVE
Education and skills development

Africa’s growth depends on her people having access to quality education, and the promotion of skills training and lifelong learning opportunities in the context of the fourth industrial revolution.

SEE more
SIX
Employee development and training

Standard Bank is a major employer in Africa, employing over 52 147 people. We encourage continuous learning and development to ensure our people are equipped...

SEE more

Our Reporting to Society suite provides an update on our contribution in each of these impact areas.

It also includes our environmental, social and governance (ESG) report, and an update on our progress on transformation in South Africa. The table that follows provides a summary of our reporting suite and illustrates how each theme relates to our material issues and the relevant SDGs.

Financial inclusion Financial inclusion
SEE impact areas
  • Improving access and affordability – convenient digital products and services, accessible even without a bank account
  • Rethinking security/collateral requirements for loans
  • Providing consumer education to enable people to manage their finances more effectively
  • Helping our customers save, invest and plan for the future, according to their individual needs
STANDARD BANK’S MATERIAL ISSUES

Deepen financial inclusion across Africa with appropriate digital offerings

Work with our customers to mitigate overindebtedness (including sales-in-execution)

ALIGNMENT TO SUSTAINABLE DEVELOPMENT GOALS
Financial inclusion

SDG 8.10 – Strengthen the capacity of domestic financial institutions to encourage and expand access to banking, insurance and financial services for all

Financial inclusionJob creation and enterprise development
SEE impact areas
  • Helping Africa’s small businesses access the tools and resources they need to become viable and sustainable
  • Providing financial products designed to meet the needs of SMEs and entrepreneurs
STANDARD BANK’S MATERIAL ISSUES

Contribute to job creation and enterprise development in countries of operation

Deepen financial inclusion across Africa with appropriate digital offerings

ALIGNMENT TO SUSTAINABLE DEVELOPMENT GOALS
Financial inclusion

SDG 9.3 – Increase the access of small enterprises to financial services, including affordable credit, and their integration into value chains and markets

Infrastructure Infrastructure
SEE impact areas

Working with African governments and development institutions to structure appropriate funding instruments and mobilise funding for crucial developmental infrastructure:

  • Energy
  • Water
  • Transport (roads and railways, ports and harbours)
  • Telecoms
STANDARD BANK’S MATERIAL ISSUES

Balancing Africa’s power and energy needs with the negative impact of climate change

Adaptation to and mitigation of climate change, especially in relation to water in key sectors and markets

ALIGNMENT TO SUSTAINABLE DEVELOPMENT GOALS
Financial inclusion

SDG 7 – Access to affordable, reliable, sustainable and modern energy for all

Financial inclusion

SDG 9 – Build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation

Africa trade and investment Africa trade and investment
SEE impact areas
  • Enabling businesses to grow and expand into new markets, invest in innovation and improve productivity and create jobs
  • Facilitating African trade and investment, particularly in the Africa-China corridor in conjunction with ICBC
STANDARD BANK’S MATERIAL ISSUES

Contribute to job creation and enterprise development in countries of operation

ALIGNMENT TO SUSTAINABLE DEVELOPMENT GOALS
Financial inclusion

SDG 8 – Promotion of sustained, inclusive and sustainable economic growth, full and productive employment, and decent work for all

Education and skills development Education and skills development
SEE impact areas
  • Supporting early childhood development
  • Supporting improved access to education and improved educational outcomes
  • Improving access to student finance (including Feenix)
  • Supporting access to work opportunities and skills development
STANDARD BANK’S MATERIAL ISSUES

Contribute to job creation and enterprise development in countries of operation

ALIGNMENT TO SUSTAINABLE DEVELOPMENT GOALS
Financial inclusion

SDG 4 – Inclusive and equitable quality education and the promotion of lifelong learning opportunities for all

Employee development and training Employee development and training
SEE impact areas
  • Building and retaining local skills in our countries of operation
  • Helping school leavers and graduates access the workplace
STANDARD BANK’S MATERIAL ISSUES

Impact of digitisation and automation on workforce requirements

Build and retain local skills and capabilities in countries of operation

ALIGNMENT TO SUSTAINABLE DEVELOPMENT GOALS
Financial inclusion

SDG 4 – Inclusive and equitable quality education and the promotion of lifelong learning opportunities for all

WHAT IS OUR ‘SEE IMPACT’ ALL ABOUT?

Standard Bank’s business activities have social, economic and environmental (SEE) impacts in the economies and communities in which we operate.

We are committed to understanding these impacts, which are direct and indirect, and using this understanding to inform our decision-making at every level. This enables us to maximise the positive impacts of our business, and minimise and mitigate the negative impacts, while simultaneously generating new business opportunities and financial returns for the group. We’ve adopted SEE impacts as one of the five value drivers which inform our strategy, and against which we measure our performance.

SEE provides us with a lens to assess how we create value for our stakeholders and Standard Bank:
1
It helps us find business opportunities from societal, economic and environmental challenges in the markets in which we operate
2
It raises awareness across Standard Bank of the social, economic and environmental impacts – positive and negative – that arise from our business activities, including what we finance
3
It enables us to weigh up commercial versus societal impacts and make appropriate decisions on this basis – delivering what matters to our clients while enhancing the trust, reputation and sustainability of Standard Bank
4
It enables us to provide a balanced and objective account of our impacts to our diverse stakeholders