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Standard Bank South Africa Standard Bank South Africa Active This profile is actively maintained Send feedback on this profile Created before Nov 2016 Last update: Mar 15 2021 About Standard Bank Standard Bank is a South African-based financial services group with a global presence focused on emerging markets. It operates in 30 countries around the world, including 17 in Africa. The bank was formed in 1962 as a South African subsidiary of the British overseas bank Standard Bank, under the name Standard Bank of South Africa. Standard Bank Group is the largest African bank by assets and earnings. Website http://www.standardbank.co.za/ Headquarters 9th Floor - 5 Simmonds St. 2001 Johannesburg South Africa CEO/chair Sim Tshabalala Group CEO, Executive Director Supervisor South African Reserve Bank Annual Annual report 2020 reports CSR report 2019 Ownership listed on JSE Limited The industrial and Commercial Bank of China (ICBC) holds 20.1% of Standard bank's shares. Standard Bank's complete shareholder structure can be viewed here. Complaints Standard Bank does not operate a complaints channel for individuals and communities that may be adversely affected by and its finance. grievances Sustainability Voluntary initiatives Standard Bank has committed itself to the following voluntary standards: Carbon Disclosure Project Equator Principles Global Reporting Initiative Principles for Responsible Banking (PRB) UNEP Finance Initiative Universal Declaration of Human Rights Wolfsberg Principles Investment policies Standard Bank's webpage on corporate social responsibility can be accessed here. Fossil fuels financing policy Dec 10 2020 | Standard Bank Managing environmental and social risks Apr 27 2020 | Standard Bank Managing climate-related risk Apr 17 2020 | Standard Bank Thermal coal mining policy Feb 29 2020 | Standard Bank Coal-fired power finance policy Jul 29 2019 | Standard Bank Environmental and social management system Apr 26 2019 | Standard Bank Modern Slavery Statement Feb 22 2019 | Standard Bank Human rights statement Aug 31 2018 | Standard Bank Code of Ethics May 22 2018 | Standard Bank Anti-bribery and corruption statement (page 19 of ESG report 2017)) Mar 31 2018 | Standard Bank Modern Slavery Statement Feb 21 2017 | Standard Bank BankTrack campaigns and Standard Bank Equator Principles Implementation and reporting The Equator Principles require that adopting banks publicly report on the implementation of the principles. You can find the reporting requirements for EPFIs here. Standard Bank is reporting on the implementation here. Contact and complaints The Equator Principles currently lack a formal complaints mechanism. Should you have any concerns or complaints about how the Equator Principles are being applied in a specific project in which Standard Bank is also involved, please get in touch with our Equator Principles team. Equator Principles Dodgy Deals BankTrack is monitoring the following Equator Principles projects that are co-financed by Standard Bank -note that some files may be on record, no longer updated-: Projects East African Crude Oil Pipeline (EACOP) Uganda Pipeline Transportation of Crude Oil target Mozambique LNG Mozambique LNG Terminal | Pipeline Transportation of Natural Gas active Thabametsi coal power plant South Africa Coal Electric Power Generation active Rapu Rapu copper mine Philippines Mining on record Toka Tindung gold mine Indonesia Mining on record Good moves 2017 Standard Bank has confirmed that it will not fund the proposed Lamu coal-fired power plant South Africa’s Standard Bank has confirmed it will not fund the proposed Lamu coal-fired power plant in Kenya. This comes despite earlier reports that it was a major project funder, as included in the bank’s annual report of 2015 (350 Africa). Related Dodgy Deals Standard Bank has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal. Projects Thabametsi coal power plant South Africa active Coal Electric Power Generation East African Crude Oil Pipeline (EACOP) Uganda target Pipeline Transportation of Crude Oil Mozambique LNG Mozambique active LNG Terminal | Pipeline Transportation of Natural Gas Rapu Rapu copper mine Philippines on record Mining Toka Tindung gold mine Indonesia on record Mining Kusile coal power plant South Africa on record Coal Electric Power Generation Companies There are no companies active for Standard Bank now. Eskom South Africa on record Coal Electric Power Generation | Nuclear Electric Power Generation Anglo American United Kingdom on record Coal Mining | Mining Glencore Switzerland on record Coal Mining.
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