Standard Bank Isle of Man| Carbon Neutral Status with a Net Zero Focus | Jan 2023

Standard Bank Group’s commitment to having a positive impact on societies, economies and environments in the Isle of Man, Jersey and across Africa, is continuing apace.

Date: Tuesday 03 January 2023

 

SB Volunteers at Peel

After reaching Carbon Neutral in 2022, Standard Bank Isle of Man is now working towards its goal of becoming a net-zero organisation.

It’s the latest step in a long and important journey for the bank which hopes to inspire others to follow.

In the Isle of Man, Standard Bank is a UNESCO Biosphere Isle of Man partner, pledging as a company and a workforce to protect natural resources, engage with local communities through volunteering and fundraising, and to make a positive environmental impact wherever possible.

To this end, all employees are gifted two volunteering days each year to support Island initiatives, such as giving time to local charity Isle of Play, where a team cleared several outdoor adventure areas, and environmental group Beach Buddies, which recently led a team from the bank in an initiative to clean the Island’s beautiful beaches.

On a much larger scale, more than 3,300 saplings were supplied to the Isle of Man Woodland Trust to further its tree planting scheme, with Standard Bank employees also undertaking hundreds of combined volunteering hours with the trust.

Carbon Neutral status was achieved through the Group’s partnership with sustainability experts, ClimatePartner UK, and offsetting emissions through Africa-based certified carbon projects such as solar energy and clean cookstoves. The partnership continues as the Bank works with ClimatePartner UK and other sustainability consultants to form a group-wide climate action strategy to reduce overall emissions with a focus on energy usage, business travel, employee commuting and the Bank’s range of products and services.

Standard Bank’s first ‘Report to Society’, issued earlier this year, details the bank’s proactive response to global Social, Economic, and Environmental challenges.

As a subsidiary of Standard Bank Group, a founding signatory of the United Nations Environment Programme Principles for Responsible Banking, the business’ report outlines achievements to date and future intentions the bank wishes to progress across four key impact areas; climate change and sustainable finance; job creation and enterprise growth; education; and health, in contribution to the UN’s Sustainable Development Goals.

 

Lee Francis, Chief Executive and Island Head, Isle of Man.

To find out how you can be part of the change, and to read the Report to Society, visit the link here.