Stanbic Bank Botswana is honoured to be recognised as Botswana's
Best Bank for Environmental, Social, and Governance (ESG) by Euromoney. The
announcement was made at the prestigious Euromoney Awards for Excellence 2024,
which was held on the 18 th of July 2024 in London at the Peninsula London Hotel.
This accolade underlines Stanbic Bank Botswana's commitment, through its Social,
Environmental and Economic (SEE) agenda, towards sustainability and a dedication to
driving positive impact within the community and beyond. Stanbic Bank has as such
delivered milestone transactions and support for clients, notably Wilderness Safaris and
Norsad Capital. These transactions were strongly underpinned by sustainability
principles and an overall drive toward fostering a sustainable future.
Stanbic Bank served as sustainability structuring agent and lender to Wilderness
through providing a bespoke and first of its kind conservation financing solution geared
towards supporting Wilderness’ impact framework and helping protect 2.3 million
hectares of land.
Stanbic Bank jointly provided African private debt financier, Norsad Capital Limited, with
a ZAR680 million 6-year sustainability-linked funding to assist with its growth ambitions
and impact investment goals. Stanbic served as co-arranger, lender and joint
sustainability coordinator in the transaction, working closely with Norsad to align
sustainability key performance indicators (KPIs) to the financing solution.
" This award affirms our bold commitment to the people and the planet through our
Social, Environmental, and Economic (SEE) agenda. Our commitment is anchored by
our Purpose, ‘Botswana is our home, and we drive her growth. ‘This principle guides
our efforts to always balance profits and purpose recognizing that we serve the interests
of multiple stakeholder groups. We are honoured to receive this award and remain
devoted to our mission, as we believe that what benefits our society also benefits our
business.” said Stanbic Bank Botswana’s Chief Executive, Chose Modise.
In addition to this achievement, Standard Bank Group, received a clean sweep of 16
accolades, including Africa’s Best Bank. Euromoney awarded Standard Bank the best
bank in Africa overall and the continent's leader in categories including Wealth
Management, Advisory, and Financing.
Additionally, The Banker, a renowned publication owned by the Financial Times, also
ranked Standard Bank as the best-performing bank in Africa including South-Africa,
overall, in its Top 1000 Banks 2024 rankings.
Stanbic Bank Botswana dedicates this accolade to the efforts of all staff across the
country and to the clients who continue to place their trust and loyalty in this proudly
Botswana business.
-ENDS-
