| Our group social strategy division
is responsible for developing and implementing
our CSR strategy and programmes focused primarily
on South Africa. The increasing need to ensure
effective stakeholder relations and the socioeconomic
needs of the communities in which we conduct our
business shape this strategy.
The wider social requirements of South Africa’s
national development agenda and the charter guide
our group social responsibility strategy.
We have founded our social responsibility strategy
and activities on five main principles:
- to promote effective public-private partnerships;
- to promote economic development;
- to enhance civil society’s aspirations;
- to underpin democracy; and
- to enhance Standard Bank Group’s public
image.
These five principles are expressed through
the two main pillars of our social responsibility
programme namely public affairs and corporate
social investment (CSI).
Details of our CSI
programme can be found here.
Total CSR spend
We have a policy of committing 1% of our domestic
after-tax profit to our CSR programme.
The pie chart below depicts a breakdown of the
total CSR spend for 2004, which totalled R46,8 million.
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