Standard Bank Group (SBK) Investor presentation summary

Governance and board structure

• Board comprises 11 members, 45% female, 78% independent, with an average age of 61 and average tenure of 4 years.

• Recent appointments include Rose Ogega and Heather Berrange as independent non-executive directors effective 2025.

• Several retirements and resignations are scheduled at the conclusion of the 2026 AGM, including Jacko Maree, Nomgando Matyumza, Geraldine Fraser-Moleketi, and Lwazi Bam.

• Board effectiveness is regularly assessed through self-reviews, evaluations, and one-on-one discussions.

• Board committees cover governance, audit, risk, IT, social/ethics/sustainability, remuneration, model approval, and credit exposure.

Remuneration

• Fixed remuneration increased by 5.1% group-wide, with 4% for managers/executives and 5.5% for unionised employees in South Africa.

• 2025 short-term incentive (STI) pool set at R13.2 billion, up 9.1%, with 80% financial and 20% non-financial metrics.

• March 2023 PRP awards vested at 152% based on strong performance, with a 73% share price increase and 116% total shareholder return.

• No guaranteed incentives, retention agreements, or severance payments were made to executive directors or prescribed officers.

• Shareholder support for remuneration policy and implementation remained high, with votes above 88% in 2025.

Sustainability and impact

• Sustainability strategy focuses on maximising positive impact and managing risk, aligned with UN SDGs and global frameworks.

• R277.4 billion mobilised in sustainable finance since 2022, 60% of the R450 billion 2028 target.

• R39.9 billion financed for renewable energy, supporting over 2GW installed capacity and an 8:1 renewable to non-renewable power generation ratio.

• Achieved a 19% reduction in own emissions and exceeded targets in climate-smart agriculture and coal mining exposure reduction.

• Recognised with multiple awards for sustainable finance and strong ESG ratings from MSCI, FTSE4Good, and others.