Standard Bank Committed to Sustainability, Says CEO

The CEO of Standard Bank Group, Sim Tshabalala.

The CEO of Standard Bank Group, Sim Tshabalala, affirmed the group’s commitment to sustainable human development, to a just transition away from carbon-intensive economic activity, and to environmental sustainability.

Tshabalala told investors at the bank’s recent annual general meeting (AGM) held virtually that the bank is “firmly and irrevocably committed to addressing the climate emergency we all face.”

“We are – and remain – a purpose-driven organisation, committed to Africa’s long-term wellbeing and to generating social, economic and environmental value – an outcome that we regard as just as important as our financial results,” he said.

Following votes held at its 2020 AGM, Standard Bank Group welcomed the reappointment of all non-executive directors submitted for re-election, including the five non-executive directors that were alleged to be climate change conflicted by some shareholders. Read more…

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