Absa Group Ltd 2024 SR
The report highlights Absa Group's sustainability progress in 2024, notably exceeding its R100 billion sustainable finance target a year early by reaching R121.1 billion. The company advanced its commitment to net zero emissions by 2050, achieving a 33.2% reduction in operational carbon emissions from a 2018 baseline. Key achievements include the successful issuance of the Tanga UWASA green bond in Tanzania and a USD150 million trade financing facility for African SMMEs. The report also details a refreshed diversity, equity, inclusion, and belonging strategy and the integration of ESG risks into the group's Enterprise Risk Management Framework.
Company: Absa Group Ltd
Sector: Financials
Country: South Africa
Year: 2024
Type: SR
Pages: 141
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Absa Group Ltd
Sustainability And Climate Report
The report highlights Absa Group's sustainability progress in 2024, notably exceeding its R100 billion sustainable finance target a year early by reaching R121.1 billion. The company advanced its commitment to net zero emissions by 2050, achieving a 33.2% reduction in operational carbon emissions from a 2018 baseline. Key achievements include the successful issuance of the Tanga UWASA green bond in Tanzania and a USD150 million trade financing facility for African SMMEs. The report also details a refreshed diversity, equity, inclusion, and belonging strategy and the integration of ESG risks into the group's Enterprise Risk Management Framework.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Published
Mar 20, 2025
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
Sustainable Development Goals
Other Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Renewable Energy
Water Consumption
Total Waste
Women on Board
Women in Management
Net Zero Target
Employees