Bloomberg ranks Standard Bank highly for green, sustainability

Bloomberg ranks Standard Bank highly for green, sustainability

South Africa-based Standard Bank Group, Africa’s largest bank by assets and earnings, has been ranked 19th in the Bloomberg Markets World’s Greenest Bank 2014 Report, according to last week’s reports from Johannesburg.

Spain’s Banco Santander emerged top in the report in the European-dominated report, followed by BNP Paribas of France and Italy’s Unicredit.

Standard Bank is the only African bank ranked in the top twenty, achieving a total overall score of 72.5. The bank also achieved a score of 76.8 for Clean Energy Investments and a score of 62.3 for Reducing Environmental Impacts.

Karin Ireton, Standard Bank head of sustainability management, said: “The Bloomberg ranking represents Standard Bank’s commitment to sustainability in every aspect of our business operations in South Africa and elsewhere.

“We are focused on reducing our overall impact on the environment, and financing and supporting energy related projects that contribute to the upliftment of the communities in which we operate.”

Standard Bank, which employs nearly 49 000 employees worldwide, operates in close to 20 African markets, and is partly owned by a Chinese banking consortium.

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