Standard Bank Group (SBK) Corporate presentation summary

Governance and board structure

• Board comprises 15 members with 40% female representation and 77% independence; average tenure is 6.2 years and average age is 60.

• Recent appointments include Sola David-Borha, Fenglin Tian, and Rose Ogega; succession planning ensures diverse expertise and regular board evaluations.

• Board committees cover audit, risk, remuneration, social/ethics/sustainability, technology, and model approval, with high independence and attendance rates.

• Leadership council includes CEO, CFO, and other key executives; recent changes include new deputy CEO and CEO appointments for business units.

• Board skills span environmental/social, governance, technology, risk, and African/international markets, with ongoing training on climate and AI.

Remuneration

• Fixed remuneration increased by 3.9% for executives and 5.8% for unionised employees in South Africa; STI pool set at R12.1bn for 2024.

• 55% of STI awards deferred into share-linked awards vesting over three years; PRP vesting for 2022 award at 164% based on strong performance.

• Remuneration policy aligns with shareholder interests, with no guaranteed incentives or severance payments; minimum shareholding requirements enforced.

• Shareholder support for remuneration policy and implementation remains high, with 92.2% and 88.5% approval in 2024.

• Remco continues to raise performance thresholds for long-term incentives, linking awards to strategy and shareholder returns.

Sustainability and ESG performance

• Two-pillar approach: maximising positive impact (financial inclusion, job creation, climate, infrastructure) and managing ESG risk.

• Sustainable finance mobilisation target of >R450bn by 2028; R177bn mobilised by 2024.

• Net zero targets: 2050 for financed emissions, 2030/2040 for direct operations; ongoing climate risk integration and scenario analysis.

• ESG scores improving: S&P Global 69, FTSE4Good AA, Sustainalytics risk score 16.5 (industry leader).

• Diversity: 57% female workforce, 40% women on board, 42% women in senior leadership; strong B-BBEE and transformation investments.