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Standard Chartered Bank

Company Details

Company Name
Standard Chartered Bank
No. of Employees
75,000 (2008)
Revenue
$13,968 million (2008)
Sector
Finance
Country
United Kingdom

Emissions Details

Scope 1 Emissions
6,752 CO2e metric tonnes (2008)
Scope 2 Emissions
131,935 CO2e metric tonnes (2008)
Scope 3 Emissions
Not reported

Between 2006 and 2008, CO2e emissions per full-time employee decreased by 14% from energy emissions; and by 22% from air travel.

Emissions have not been verified

Climate Change Strategy Details

Standard Chartered's strategy is framed around four interdependent areas:

  1. Operational impact: leading by example through reducing the environmental impact of the Bank's activities, in line with targets;
  2. Sustainable lending: integrating environmental stewardship, including climate change, in lending policies, client relationship management and risk approval processes;
  3. Sustainable finance: facilitating environmental risk management and the evolution towards low-pollution, low-carbon and resource-efficient economies by adapting existing products and services and developing new ones;
  4. Engagement: raising awareness among employees and wider stakeholders about the consequences of poor environmental stewardship, the importance of environmental protection and what they can do to make a difference.

More Information

More on Standard Chartered
Standard Chartered is listed on both London and Hong Kong stock exchanges, ranks among the top 25 companies in the FTSE-100 by market capitalisation. The London-headquartered Group has operated for over 150 years in some of the world's most dynamic markets, leading the way in Asia, Africa and the Middle East. Its income and profits have more than doubled over the last five years primarily as a result of organic growth. 

Standard Chartered knows the biggest impact they have on society and the environment is through support for the business activities of their clients. Therefore, financing decisions enable them to make the strongest contribution to sustainable development. In core markets, Standard Chartered and their clients are working to respond to sustainability challenges in two important ways:

  • Supporting renewable and environmental technologies that will reduce greenhouse gas emissions; and
  • Embedding a sustainability approach in our financing decisions and risk management.

Their specialised Renewable Energy and Environmental Finance (REEF) team has made a Clinton Global Initiative pledge to finance $8-10bn in renewable and clean technologies by 2012. Expanding efforts in 2008 they partnered with the Asian Development Bank to support energy efficiency investment in China in a programme worth up to $117 million (800 million yuan) over nine years.

In 2009, Standard Chartered introduced a series of position statements that provide guidance on two issues and eleven sectors, including climate change, that are considered to have a high impact on the environment and society. The statements identify the social and environmental standards the Bank's expect from clients in Wholesale Banking and SME Banking to adopt.

Standard Chartered has also adopted the Climate Principles and is working with The Climate Group and other leading financial institutions to implement the commitments outlined in the principles.

Further information can be found at the following webpages: