• 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
    • B-BBEE CERTIFICATE
     
     
     
     
     
     
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Introduction to the Standard Bank Group
Introduction to the Standard Bank Group
International financial services
  • Isle of Man
  • Jersey
  • Mauritius
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 operate in 20 African countries and are headquartered in Johannesburg. Our primary listing is on the Johannesburg Stock Exchange (JSE) in South Africa, with a secondary listing in Namibia. Subsidiary banks are listed on exchanges in Kenya, Malawi, Nigeria and Uganda.

49% of Standard Bank is owned by South Africans.
51% of Standard Bank is owned by international investors, with China (20%), USA (15%) and UK (2%) making up the top three.

Industrial and Commercial Bank of China Limited (ICBC), the world’s largest bank by assets, is a 20.1% shareholder. This strategic relationship enables us to work with ICBC to facilitate investment flows and commercial relationships between China and Africa, to the benefit of African countries. Our second largest shareholder is the Government Employees Pension Fund of South Africa which holds 12.3% of shares.

The Standard Bank Group (SBG) is the largest African banking group by assets, with a market capitalisation of approximately R289 billion (USD20 billion), offering a range of banking and related financial services across sub-Saharan Africa.

Our vision is to be the leading financial services organisation in, for and across Africa, delivering exceptional client experiences and superior value.

Being a truly African organisation allows us to create shared value for our clients, our people, our shareholders and society by contributing to their financial wellbeing and the socioeconomic growth of the economies in which we operate.

We have a 157-year history in South Africa, and for 30 years we have been building our franchises across sub-Saharan Africa as well as extending into key international markets.

We subscribe to the Code of Banking Practice, a set of principles governing banking in South Africa which ensures the highest standards of professionalism, integrity and fairness.

INTEGRATED FINANCIAL SERVICES
Download a full version of Reporting to Society 2018

provides banking and other financial services to individual clients and small and medium-sized enterprises (SMEs).

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offers corporate and investment banking services to clients, including governments, parastatals, larger corporates, multinationals and financial institutions.

Wealth

offers insurance, investment, fiduciary, bespoke banking and multi-generational wealth preservation solutions to high net worth, retail, business and commercial and corporate clients across the group’s footprint.

Liberty

Life insurance and investment management activities of the group companies in the Liberty Holdings Group. Please refer to www.libertyholdings.co.za for more information.

Who we are
We are an African-focused, client-centric, digitally enabled, integrated financial services organisation.
Our operating context
Our presence across a wide range of countries and sectors presents us with both risks and opportunities.
Our strategy
Our strategy remains unchanged, and continues to respond to our operating context, our stakeholders’ needs and the related material issues.
Focus areas
Client centricity
Digitisation
Integrated group
Our value creation model
Our business model enables us to respond in a dynamic environment of competing stakeholder expectations, complex competitive forces and regulatory pressures.
Standard Bank’s value drivers

– Arno Daehnke

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SEE and why it is important to Standard Bank

– Sola David-Borha

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Our reporting suite

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.

 
THIS REPORT
Reporting to Society

An account of our social, economic and environmental impacts and how these contribute to our sustainability and ability to achieve our purpose. It includes our environmental, social and governance report, and Standard Bank South Africa’s transformation report.

KEY FRAMEWORKS APPLIED
  • King IV Code of Corporate Governance
  • CDP (previously Carbon Disclosure Project)
  • United Nations (UN) Sustainable Development Goals
  • Equator Principles
  • Global Reporting Initiative (as a guide)
ASSURANCE

PricewaterhouseCoopers Inc. has provided assurance over selected information. Refer below for details.

Report to society
FURTHER READING
ANNUAL INTEGRATED REPORT

Holistic assessment of the group’s ability to create value, in the short, medium and long term.

DOWNLOAD PDF
Environmental, social and governance report
FURTHER READING
GOVERNANCE AND REMUNERATION REPORT

A detailed review of the group’s governance and remuneration practices.

DOWNLOAD PDF
SBSA Transformation Report
FURTHER READING
THE STANDARD BANK OF SOUTH AFRICA (SBSA) ANNUAL REPORT

As the group’s largest banking subsidiary, SBSA produces its own annual report and audited annual financial statements.

DOWNLOAD PDF
ASSURANCE OF THE REPORTING TO SOCIETY SUITE

SBG has a series of internal policies, procedures and controls in place to ensure that accurate data is provided. The SBG 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 on page of this report.

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