,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 question of five Sustainable Development Goals
(SDGs) that Standard Bank is working towards, it's important to
look at how they align their business practices with global
sustainability efforts. Based on their reports and initiatives, here are
five SDGs that Standard Bank is actively contributing to:
1. SDG 1: No Poverty
o Motivation: Standard Bank has initiatives focused on
financial inclusion, providing banking services to
underserved communities. Through their micro-lending
and financial literacy programs, they aim to uplift low-
income households. For example, they have partnered
with fintech companies to offer mobile banking solutions
that improve access to financial services.
2. SDG 4: Quality Education
o Motivation: Standard Bank supports education through
various initiatives, including funding scholarships,
supporting schools, and promoting educational programs.
In their annual reports, they highlight partnerships with
non-profits that provide educational resources and
mentoring to disadvantaged youth, ensuring that quality
education is accessible to more people.
3. SDG 7: Affordable and Clean Energy
o Motivation: The bank plays an active role in financing
sustainable energy projects. They are involved in funding
, renewable energy solutions such as solar and wind power
projects across Africa. By facilitating investments in
clean energy infrastructure, Standard Bank is helping to
increase the share of renewable energy in the region.
4. SDG 8: Decent Work and Economic Growth
o Motivation: Through job creation, skills development,
and promoting entrepreneurship, Standard Bank supports
economic growth in the communities where they operate.
They focus on providing small and medium-sized
enterprises (SMEs) with financial tools to scale their
businesses, creating sustainable economic opportunities
and decent jobs.
5. SDG 13: Climate Action
o Motivation: Standard Bank has committed to reducing its
carbon footprint and investing in green initiatives. In their
reports, they detail their efforts to integrate environmental
considerations into their operations and finance green
projects. For instance, they have financed climate-
resilient infrastructure and have committed to reducing
the emissions from their own operations.
These examples demonstrate how Standard Bank is aligning with
the global goals of sustainability and economic empowerment. Their
strategies incorporate financial services that prioritize inclusivity,
green investments, and educational support, all of which contribute
to the broader aim of achieving the SDGs.
