News 11 Jun 2024

Standard Bank’s focus on sustainability

Since launching its climate policy in March 2022, the bank is on track to surpass its target of raising between R250 billion and R300 billion for sustainable finance by the end of 2026.

Explore the stories of transformation and innovation as we delve into Standard Bank’s initiatives that are shaping a greener, more sustainable future for Africa.

Learn how you can be part of the solution, whether you’re a homeowner looking to reduce your carbon footprint or a business leader committed to sustainability.

Just Transition: Standard Bank’s focus on sustainability In the journey towards a greener future, the financial sector plays a critical role which involves more than just funding; it's about ensuring a Just Energy Transition that balances the environmental imperative with the need for social equity and economic inclusivity. Boitumelo Sethlatswe, our Head of Sustainability, unpacks what a just transition entails, how we continue to advocate for this on the continent, and how we are deeply focused on supporting our clients through this transition.

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Harnessing South Africa's sunlight In this episode, we explore South Africa's abundant solar potential amidst the ongoing energy crisis. With over 2,500 hours of sunshine annually, the country's solar resources offer a significant opportunity for power generation. Lungisa Fuzile, CEO of Standard Bank South Africa, discusses the bank's commitment to the clean energy transition. He sheds light on how Standard Bank is financing this transition responsibly, while also considering the economic impacts on coal-mining towns.

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Power Sector Reform and Load Shedding in South Africa Episode 3 unpacks the global shift towards power sector reform and the unprecedented levels of load shedding in South Africa have ushered in positive changes for power sector policy. In a recent interview, Vincenzia Leitich, Executive: Energy & Infrastructure shares how we has taken a proactive stance in working with clients to generate new ideas and prepare for impending market reform.

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Solar solutions and financial relief Rising electricity tariffs continue to pose significant financial challenges for households across South Africa, leading to increased interest in solar power for its ability to deliver cost savings. Marc du Plessis, Standard Bank’s Executive Head of LookSee explains how Standard Bank is at the forefront of facilitating the shift to solar through its climate strategy and diverse financing options, such as the Solar Loan, home loan re-advances, and future use allowances.

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