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Absa Group’s strategic priority is to be an active force for good in everything that we do. This fundamental approach reflects our vision and aspirations for Africa, our home.
Our commitment to a just, inclusive, and sustainable future for all stakeholders is underpinned by our purpose of ‘empower Africa’s tomorrow, together…one story at a time.’
To drive measurable, material change in our communities, we have identified specific Environmental, Social and Governance (ESG) focus areas.
Climate change
We recognise Africa’s vulnerability to climate change, and together with like-minded partners, we will contribute to creating sustainable and value-creating solutions to some of Africa’s greatest environmental challenges.
We've made significant progress in our sustainability agenda, solidifying our role as Africa’s leading bank in renewable energy financing. Our commitment extends to reaching Net Zero by 2050 for scope 1, 2, and 3 emissions, ensuring responsible financing without harm to communities, as well as any adverse environmental impacts.
Financial inclusion
As a universal bank, we are uniquely positioned to make a substantive difference in extending financial inclusion to underserved groups and aim to make inter-generational wealth creation accessible to all.
We have been active in this space, with examples including the expansion of our affordable housing mortgage portfolio enabled through an International Finance Corporation’s (IFC) loan, our Sernick Developing Farmers programme, and our inclusive banking propositions. We aim to scale our efforts going forward.
Diversity and inclusion
Internal and external stakeholders consider diversity and inclusion as critical topics and enablers in unleashing our talent and delivering outperformance. We aspire to enable all our people to bring their true selves to work and aim to be a beacon of inclusion across the continent.
We have set clear targets for diversity and inclusion and commit to addressing these areas more explicitly.
As a signatory to the Principles for Responsible Banking (PRB), we are committed to prioritising Sustainable Development Goals (SDGs) where we have the most impact.
Prioritised SDGs
We will continue to live and operate by our renewed purpose as we journey towards a sustainable low-carbon future for all. In establishing our aspirations within key priority areas, we acknowledge the importance of ensuring a just transition. This means having a clear understanding of the impact of our activities on the environment as well as society. In the markets where we operate, the social dimension holds particular significance, given the pressing socioeconomic challenges in the African context.
For more information on our climate action journey, click here to access our annual Absa Group Task Force on Climate-related Financial Disclosures Report and Environmental, Social and Governance Report.