Absa Group believes our destiny is in Africa and we are excited by the prospects for growth and opportunities for developments the continent holds.
Our Group strategy identifies playing a shaping role in Africa’s growth and sustainability as a key strategic enabler, and the growth we want to achieve is inextricably linked to our firm commitment to be an active force for good in the communities where we serve, with a particular focus on managing climate change and biodiversity risks and opportunities.
Our commitment to a just, inclusive, and sustainable future for all stakeholders is underpinned by our purpose to ‘empower Africa’s tomorrow, together…one story at a time’ and our goal of being an active force for good in everything we do.
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 have made significant strides in delivering against our sustainability agenda, cementing our position as Africa’s leading bank in renewable energy financing while ensuring that such financing activities neither harm vulnerable communities nor drive negative social and environmental externalities. We're committed to our long-term ambition to reach Net Zero state by 2050 for scope 1, 2, and 3 emissions.
With our pledge to implement the United Nations Principles for Responsible Banking, we affirm and express our willingness to assume an active leadership role to encourage sustainable practices and enable economic activities that create shared prosperity for current and future generations.
We will continue to live and operate by our renewed purpose as we journey towards a sustainable low-carbon future for all. As we journey towards a sustainable future for all, we remain committed to inclusive economic growth and thriving communities while safeguarding future generations.
Read more on the Absa Group Task Force on Climate-related Financial Disclosures Report here.