‘Here for good’ means banking on renewable energy

You love to see it: Gaborone’s first solar-powered bank is lighting up Main Mall, thanks to Standard Chartered.

Putting words into action can be a rare quality.

When companies keep their word consistently, they create transformational change —
not just for their customers, but for the community as a whole.

Following the launch of their solar-powered Express Banking Centre in Lobatse last
year, Standard Chartered has brought their solar agenda to Main Mall, successfully
equipping the city’s first fully-fledged, solar-powered branch.

The investment is significant, but so are the returns.

The system is projected to generate over 170,000 kWh a year — enough energy to
power 100 average-sized homes.

And in 2022 alone, it will offset over P160,000 of electricity previously imported from the
national grid, displacing 10.4 tones of carbon dioxide.

Speaking at the launch which coincided with World Sustainable Energy Day, Minister of
Mineral Resources, Green Technology and Energy Security Hon. Lefhoko Moagi
congratulated Standard Chartered for the initiative.

‘As Botswana’s first bank, your responsibility is not small. And you continue to show
yourself in line with your brand promise of being here for good,’ he said.

The move, of course, is just one of many steps that the Bank has in place to future-proof its businesses energy needs, demonstrate responsible consumption and make a
valuable contribution to reducing climate-damaging greenhouse gasses.

Also speaking at the event was Standard Chartered Bank CEO Mpho Masupe.

‘At Standard Chartered, we embed our values into the daily operations of the business.
We also feel the need to walk this journey with our clients to ensure that we are all
playing our part in the fight against climate change.’

He said, ‘This year, we commemorate our 125th Anniversary in Botswana. This speaks
to our resilience, our relevance, our ability to continue re-inventing ourselves — and
most importantly, to follow our words with bold, transformative action.’

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