,MNG3701 Assignment 1 (COMPLETE ANSWERS) Semester 1
2025 - DUE 13 March 2025; 100% TRUSTED Complete,
trusted solutions and explanations.
Questions Marks 1 Discuss five (5) Sustainable Development Goals
(SDGs) that Standard Bank is trying to achieve. Motivate with
examples from the Standard Bank report. 10
To address the Sustainable Development Goals (SDGs) Standard
Bank is working towards, we can explore five key SDGs that align
with their initiatives. Based on information from the Standard Bank
Group's sustainability report, here are examples of their efforts to
achieve these goals:
1. SDG 1: No Poverty
Standard Bank’s Contribution: Standard Bank focuses on
financial inclusion to reduce poverty by providing access to
banking services for underserved populations. This includes
the use of mobile banking and digital platforms to reach people
in remote areas, which allows them to save, invest, and access
financial services that improve their quality of life.
Example: The bank has launched various initiatives to
promote affordable financial products and services, like micro-
loans and financial literacy programs, particularly in South
Africa and other African countries.
2. SDG 4: Quality Education
Standard Bank’s Contribution: The bank supports education
through its investment in various programs that enhance access
to education and skills development.
, Example: Standard Bank supports the development of young
people’s skills through initiatives like the Standard Bank
Youth Employment Initiative, which equips young people with
the skills and knowledge necessary to enter the workforce.
Additionally, they contribute to funding scholarships for
students pursuing higher education.
3. SDG 5: Gender Equality
Standard Bank’s Contribution: Gender equality is a priority
in Standard Bank's internal and external operations. They aim
to close gender gaps in the workplace and provide support to
women entrepreneurs.
Example: The bank's gender parity programs aim for equal
representation at all levels of the organization, and they
support women-owned businesses through financial products
designed for female entrepreneurs, helping them grow their
businesses.
4. SDG 7: Affordable and Clean Energy
Standard Bank’s Contribution: Standard Bank is committed
to supporting the transition to renewable energy. This includes
financing projects and investments aimed at expanding access
to clean and affordable energy.
Example: The bank has financed solar and wind energy
projects and provides loans for businesses working in the clean
energy sector. They also focus on helping African countries
develop renewable energy infrastructure, contributing to
sustainable energy goals.
5. SDG 13: Climate Action
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