Standard Bank Group — Ethics Grade C

Standard Bank Group receives an overall ethics grade of C (51/100) on CancelCo's corporate accountability database. Sector: Financial Services. Market cap: Large Cap.

Category scores

• labor: 60
• privacy: 60
• consumer: 55
• environment: 35
• humanRights: 45

Documented incidents (3)

• EACOP Pipeline Support (high, 2023) — Heavily criticized for acting as a lead advisor for the East African Crude Oil Pipeline, which poses significant environmental and displacement risks.
• Rand Rigging Allegations (medium, 2019) — Accused of manipulating the value of the South African Rand alongside other major banks in the forex market.
• Deferred Prosecution Agreement (medium, 2015) — The bank's UK subsidiary paid $32 million after failing to prevent bribery of Tanzanian government officials.

Documented good deeds

• Africa Renewable Energy Fund — Pledged billions in financing toward renewable energy projects across the African continent by 2030.

Ethical alternatives

• FirstRand Bank — Consistently higher customer satisfaction and better internal ethical framework ratings in SA.