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    Ghana’s public debt stock hits ¢575.7bn in November 2022; more than 90% of GDP – BoG

    Govt strikes deal with Insurance Association on debt exchange programme

    We must invest in crucial infrastructure to accelerate AfCFTA’s success– Bawumia to African Leaders

    NCCE Chairperson pays courtesy call on BoG Governor

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Accra never sleeps, neither does The Cosmopolitan …The Cosmopolitan now runs 24/7 [ARTICLE]

    Tax on agro inputs a threat to agribusiness and food security – Analysts

    Completely exempt individuals from DDEP over GAB agreement – Senyo Hosi to govt

    Assin State College receives Dano “Inner Strength” Award

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    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

    Zenith Bank ceases trustee services in unit trust schemes in Ghana

    Gold for oil policy will reduce pressure on forex – Bawumia

    Ghana best place for business – Nana Addo woos UAE investors

    Registrar of Companies increases fee for business registration

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    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

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    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

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Standard Bank ranked in 2014 World’s Greenest Bank Report

bycitibusinessnews
October 30, 2014
in Banking And Finance, Business, Top Stories
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Standard Bank Group, Africa’s largest bank by assets and earnings, has been ranked 19th in the Bloomberg Markets World’s Greenest Bank Report.

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.

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Karin Ireton, Head of Sustainability Management at Standard Bank 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 up liftment of the communities in which we operate.”

To rank banks’ environmental records, Bloomberg Markets looked at their investments in clean energy and efforts to reduce their own waste and carbon footprints.

Banks were judged based on materials provided by annual and corporate social responsibility reports, websites and other public documents covering the 2013 fiscal year, which are supplemented by research and verification undertaken by Bloomberg.

The clean-energy investments category accounts for 70 percent of the score and is determined using information on the banks’ activities with regard to clean-energy projects, including renewable energy as well as other related initiatives.

The World’s Greenest Banks 2014 report is dominated by European-based banks with Banco Santander (Spain) achieving first place followed by BNP Paribas of France and Unicredit of Italy. Other countries with representation in the top twenty include Japan and Brazil.

 

Source:  Standard Bank Group

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