We are a financial services organisation in, for and across Africa.
Our purpose is to drive Africa’s growth. We are committed to being more than a provider of financial products and services – we are a catalyst for economic change in our countries of operation and we make life better for our fellow Africans by doing the right business the right way
We publish several reports to provide our stakeholders with the information they need to assess our performance.
Our annual integrated report, our primary report, provides a holistic and material assessment of our ability to create value over time. It considers the issues material to maintaining the commercial viability and social relevance required to achieve our strategy in the medium to long term, and covers both our financial performance and material non-financial information.
Our Reporting to Society platform aims to communicate with a broad group of stakeholders about how we impact on the societies, economies and environments in which we operate. It provides information on those areas in which we believe we can and do make a significant positive contribution to improving life for our fellow Africans, and mitigating any negative impacts.
Standard Bank is driven by our purpose: ‘Africa is our home, we drive her growth.’ We are an African financial services organisation with a clear understanding of the challenges and opportunities in our countries of operation. We see it as our core job to develop commercially sound ways to address these challenges, thereby accelerating economic growth and human development and making a better life for our fellow Africans.
We recognise that we cannot achieve our purpose ‘Africa is our home, we drive her growth’ without our stakeholders. That’s why we engage with our stakeholders on a regular basis, to understand their concerns, build relationships and develop partnerships.
Our stakeholder engagement maintains and strengthens our legitimacy and social licence to operate; and builds on our reputation as a socially relevant and responsible corporate citizen. We rely on engagement with a broad range of stakeholders to better understand the social and environmental impacts of our business activities, including indirect impacts arising from the projects and businesses we fund. We are committed to building constructive partnerships with our stakeholders, as part of our efforts to support the development and implementation of effective solutions to the social and economic challenges in our countries of operation. We commit to engaging with our stakeholders in a transparent and constructive manner. Engaging with our stakeholders is an important vehicle for developing social and relationship capital.
Assurance of the Reporting to Society
We have a series of internal policies, procedures and controls in place to ensure that accurate data is provided. Our group social and ethics committee provided oversight of this report. PricewaterhouseCoopers provided limited external assurance on selected performance data in this report, indicated by a , in accordance with the International Standard on Assurance Engagements (ISAE 3000). The scope of the assurance engagement and the statement of assurance are provided in this section.