As of 2025, Standard Bank Group has disclosed 7 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 6 absolute reduction targets and 1 intensity-based target, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Standard Bank Group's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -8%a | 2025 |
Absolute-based Target | Scope 1 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -15%a | 2025 |
Absolute-based Target | Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -7%a | 2025 |
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -7%a | 2026 |
Absolute-based Target | Scope 1 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -4%a | 2026 |
Absolute-based Target | Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -7%a | 2026 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Barrel of Oil Equivalent (BOE) of Oil and Gas Produced | -10%a | 2030 |
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As of 2025, Standard Bank Group has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint.a
As of 2025, Standard Bank Group has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.a
Standard Bank Group's most ambitious operational target is to reduce these emissions by 15.01% by 2025, compared to a baseline of 13,876 Metric Tonnes of CO2 equivalent (mtCO2e) in 2024.a
Standard Bank Group has already surpassed its operational emissions reduction target, with 2025 levels falling below the 2025 value, achieving its climate goal ahead of schedule.a
As of 2025, Standard Bank Group has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
Standard Bank Group's most ambitious value chain target is to reduce these emissions by 10% by 2030, compared to a baseline of 0.028 Metric Tonnes of CO2 equivalent (mtCO2e) per Barrel of Oil Equivalent (BOE) of Oil and Gas Produced in 2024.a
As of 2025, Standard Bank Group is ahead of schedule on its value chain emissions reduction target, having achieved 68.7% of the planned reduction.a