In 2024, Standard Bank Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Standard Bank Group has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 13,877a | 28,523a | 18,809a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 204,424a | 187,310a | 209,032a | |
Total Scope 3 | 34,859,974a | 12,098,540a | 121,120a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1.4403a | 2.943a | 2.1632a |
You are welcome to quote or reference individual data points from this page, provided you include the following attribution with a visible, clickable link to this page: "Source: Tracenable, the global reference for ESG data"
Bulk collection, scraping, resale, or redistribution of data across multiple company profiles is not permitted without our prior written permission. For more information, see our General Terms and Conditions.
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform.
In 2024, the total operational greenhouse gas (GHG) emissions of Standard Bank Group amounted to 218,301 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Standard Bank Group increased by 1.14%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Standard Bank Group were 13,877 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Standard Bank Group's Scope 1 emissions have increased by 7.51%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Standard Bank Group's Scope 1 emissions decreased by 51.35%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Standard Bank Group reported Scope 2 greenhouse gas (GHG) emissions of 204,424 tCO₂e without specifying the calculation method.a
Since 2019, Standard Bank Group's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 19.63%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Standard Bank Group's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Standard Bank Group's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Standard Bank Group reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Standard Bank Group reported 34,859,974 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Standard Bank Group includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Standard Bank Group reported total Scope 3 emissions of 34,859,974 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 0.06% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.94% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Standard Bank Group's Scope 3 emissions have increased by 18,228.64%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Standard Bank Group's Scope 3 emissions increased by 188.13%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Standard Bank Group reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to Standard Bank Group's Scope 3 emissions were:a
In 2024, Standard Bank Group reported Scope 1 greenhouse gas (GHG) emissions of 13,877 tCO₂e and total revenues of USD 9,635 millions. This translates into an emissions intensity of 1.44 tCO₂e per millions USD.a
In 2024, Standard Bank Group reported a Scope 1 emissions intensity of 1.44 tCO₂e per millions USD. Compared to the peer group median of 0.65, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Standard Bank Group ranked 21 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Standard Bank Group among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Standard Bank Group reported a total carbon footprint of 35,078,275 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 184.86% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Standard Bank Group's total carbon footprint was Scope 3 emissions, accounting for 99.38% of the company's total carbon footprint, followed by Scope 2 emissions at 0.58%.a