Standard Bank : SBG 2022 Environmental, Social and Governance (ESG) Report

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Contents

Introduction

Our people

Our approach to sustainability

How we do business

Society and environment

Navigating this report

The following icons refer readers to information across our suite of reports:

Our reporting suite

Purpose of this report

As signatories to the Principles for Responsible Banking (PRB), we are committed to ensuring that our strategy is consistent with and contributes to society's needs and priorities, as expressed by the United Nations Sustainable Development Goals (UN SDGs), the Paris Agreement, the African Union's Agenda 2063, and sustainable banking frameworks in our countries of operation. We aim to continuously increase the positive social, economic and environmental (SEE) impacts arising from our business activities and reduce negative impacts.

Reporting boundary

The data in this report pertains to the Standard Bank Group excluding Liberty Holdings Limited, unless otherwise specified.

Our subsidiaries account to their stakeholders through their own annual and/ or other reports and information, available on their respective websites.

Assurance statement

We have a series of internal policies, procedures and controls in place to ensure that accurate data is provided. Our group social and ethics committee provides oversight of this report.

PricewaterhouseCoopers Inc. (PwC) provided limited external assurance on selected performance data in this report, indicated by

•  in accordance with the International

Standard on Assurance Engagements (ISAE) 3000 (Revised). PwC's limited assurance report can be foundhere.

We produce a full suite of reports to cater for the diverse needs of our stakeholders.

THIS REPORT

Environmental, social and governance (ESG) report

ANNUAL INTEGRATED REPORT

Provides an outline of our ability to create and preserve value, and guard against value erosion in the short, medium and long term

Overview of our ESG governance structures and risk management, including information regarding ethics and conduct, people and culture, environmental and social risk management and CSI and tax practices

Sets out the group'sapproach to risk management

Annual financial statements

Sets out the group's full audited annual financial statements, including the report of the group audit committee

Climate-related financial disclosures report

Discusses how the group is managing the risks and responding to the opportunities presented by climate change, aligned to the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD)

Standard Bank of South Africa of (SBSA) Reportto society

Overview of SBSA SEE impacts and update on our transformation journey and performance against the pillars of the Financial Sector Code.

About Standard Bank Group

• " We are an African-focused financial institution, offering financial and related services to individuals,businesses, institutions and corporations.

• " Guided by our purpose, Africa is our home, we drive her growth, we exist to make life easier for our clients, helping them to save, transact, grow their wealth, grow their businesses, and protect the things that matter most to them.

• " We have three strategic priorities that guide our medium strategic execution and six strategic value drivers against which we measure our progress.

• " We deliver SEE impact by focusing on seven impact areas, aligned to the

  UN SDGs.

Transform client experience

CLIENT FOCUS

Execute with excellence

Our strategic priorities

EMPLOYEE ENGAGEMENT

RISK AND CONDUCT

OPERATIONAL EXCELLENCE

Our strategic value driver

Drive sustainable growth and value

FINANCIAL OUTCOME

SEE IMPACT

Our values

Our values are our shared beliefs about who we are, what we stand for, and what we want to achieve. They are the principles and ideals that help us decide what is most important.

" We commit to:

• - Serving our customers

• - Delivering to our shareholders

• - Respecting each other

• - Working in teams

• - Upholding the highest levels of integrity

• - Growing our people

• - Being proactive

• - Constantly raising the bar.

Our shareholders

We are 50.7% owned by international investors and 49.3% owned by South Africans

• " China (19.4%), USA (14.2%), UK (1.7%) and Singapore (1.7%) comprise our top investor regions

• " Industrial and Commercial Bank of China Limited (ICBC), the world's largest bank by assets, is a 19.4% shareholder. Our strategic relationship with ICBC enables us to facilitate investment flows and commercial relationships between China and Africa, to the benefit of African countries

• " The Government Employees Pension Fund of South Africa is our second largest shareholder, with 14.5% of shares

• " On 31 December 2022, our market capitalisation was R283.6 billion.

We drive inclusive growth and sustainable development

Where we operate

• " We operate in 20 African countries and offer international financial services from our offices in the Isle of Man, Jersey and Mauritius

• " We are headquartered in Johannesburg

  Client segments Consumer & High Net Worth clients (CHNW)

  Business & Commercial Clients (BCC)

  Corporate & Investment Banking (CIB)

• " Our primary listing is on the Johannesburg Stock Exchange (JSE) in South Africa. We have a secondary listing in Namibia. Subsidiary banks are listed on exchanges in Kenya, Malawi, Namibia, Nigeria and Uganda.

South Africa (SA)

Africa Regions (AR) West Africa

• 2 Côte d'Ivoire

• 3 Ghana

• 4 Nigeria

• 5 Democratic Republic of Congo (DRC)

• 6 Angola

East Africa

• 7 South Sudan

• 8 Ethiopia

  (representative office)

• 9 Uganda

• 10 Kenya

• 11 Tanzania

South & Central Africa

• 12 Namibia

• 13 Botswana

• 14 Zambia

• 15 Zimbabwe

• 16 Malawi

• 17 Mozambique

• 18 Mauritius

• 19 Lesotho

• 20 Eswatini

Presence in international markets:

• • Beijing

• • Dubai

• • London

• • New York

International financial services:

• • Isle of Man • Jersey

• • Mauritius