std-bank-response-6aa686a250673ee9.pdf

A letter dated 25 September 2018 from the Chairman of The Standard Bank of South Africa Limited (SBSA) to the Centre for Environmental Rights (CER) and the Life after Coal Campaign. The bank responds to concerns raised in a previous letter, asserting its right to delegate engagement to executives rather than the Board of Directors and citing its adherence to the King IV Code on Corporate Governance and the Companies Regulations of 2011 via its social and ethics committee.

• The Standard Bank of South Africa Limited (SBSA) asserts that the Board of Directors has the sole prerogative to determine how powers are delegated to the CEO and other executives, and that external parties, including lobby groups, have no right to demand that matters be brought directly before the board.
• SBSA has established a social and ethics committee in accordance with Regulation 43 of the Companies Regulations of 2011 to monitor activities related to the environment, health, and public safety, including the impact of the bank's products and services.
• The bank references the King IV Code on Corporate Governance, specifically Principle 3 regarding the organization's status as a responsible corporate citizen and Principle 10 regarding the effective delegation of authority to management.
• SBSA declines to share the outcomes of its decisions regarding the concerns raised by the Life after Coal Campaign and the Centre for Environmental Rights due to confidentiality obligations owed to other parties.

APA

Centre for Environmental Rights (n.d.). std-bank-response-6aa686a250673ee9.pdf. https://cer.org.za/wp-content/uploads/2018/10/Std-Bank-response.pdf?x21779

Chicago

Centre for Environmental Rights. std-bank-response-6aa686a250673ee9.pdf. n.d. https://cer.org.za/wp-content/uploads/2018/10/Std-Bank-response.pdf?x21779.

Wikipedia

{{cite press release |author=Centre for Environmental Rights |title=std-bank-response-6aa686a250673ee9.pdf |url=https://cer.org.za/wp-content/uploads/2018/10/Std-Bank-response.pdf?x21779 |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{centreforenvironmentalrightsndstdbankresponse6aa686a250673ee9pdf, author = {{Centre for Environmental Rights}}, title = {{std-bank-response-6aa686a250673ee9.pdf}}, publisher = {Centre for Environmental Rights}, url = {https://cer.org.za/wp-content/uploads/2018/10/Std-Bank-response.pdf?x21779}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }