Published in October 2023, the Group’s Sustainable Finance Framework outlines the methodology and associated policies and procedures to facilitate the raising of finance by the Group in the form of sustainable financing instruments.
Part rulebook and part road map, it sets out the process for selecting, evaluating, reporting, tracking and verifying eligible assets, ensuring that the Group lives up to its commitment as founder signatory to the United Nations Principles for Responsible Banking and that its business strategy is consistent with and contributes to society’s needs and priorities.
The Framework is guided by our sustainability strategy, which aligns with our purpose to drive inclusive and sustainable economic growth in Africa. This, in turn, is based on the twin pillars of maximising positive impact in line with our four identified impact focus areas and minimising potential Environmental, Social and Governance (ESG) risks associated with our operations.
The Framework outlines how the Standard Bank Group uses its proceeds, how it evaluates and selects projects based on clearly defined eligibility criteria, how it manages its proceeds and how it reports on its activities.
Ultimately, the Group’s vision is to be the leading financial services organisation in, for and across Africa, delivering exceptional client experiences and superior value. We know that we can only achieve this by being a responsible and sustainable business – and the Sustainable Finance Framework helps facilitate exactly that.
Download the Standard Bank Group’s Sustainable Finance Framework
Sustainable
Finance
Framework 2024
10th September 2024
WHAT TO WATCH NEXT
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