Standard Chartered Bank Sustainability Profile
Standard Chartered Bank, a leading international bank headquartered in Great Britain, has established a strong presence across Asia, Africa, and the Middle East since its founding in 1969. Renowned for its commitment to emerging markets, the bank operates primarily in the financial services industry, focusing on retail banking, corporate banking, and wealth management. With a diverse portfolio of core products and services, including personal loans, credit cards, and investment solutions, Standard Chartered differentiates itself through its innovative digital banking platforms and customer-centric approach. The bank has achieved notable milestones, such as being recognised for its sustainable finance initiatives and strong corporate governance. As a prominent player in the global banking sector, Standard Chartered continues to enhance its market position, driven by a commitment to responsible banking and a focus on delivering exceptional value to its clients.
DitchCarbon Score
How does Standard Chartered Bank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Standard Chartered Bank's score of 100 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Standard Chartered Bank's reported carbon emissions
In 2024, Standard Chartered Bank reported total carbon emissions of approximately 24,968,000 kg CO2e from Scope 1 and Scope 2 sources, reflecting a 28% reduction from the previous year. The bank's Scope 1 emissions were about 7,696,000 kg CO2e, while Scope 2 emissions totalled approximately 17,272,000 kg CO2e. Additionally, the bank's Scope 3 emissions were significant, with investments contributing about 38,171,000,000 kg CO2e and purchased goods and services accounting for approximately 349,379,000 kg CO2e. Standard Chartered has set ambitious climate commitments, aiming for net-zero financed emissions by 2050, in alignment with the Paris Agreement. The bank has also established interim targets, including a reduction of absolute financed thermal coal-mining emissions by 85% by 2030. Furthermore, it aims to achieve net-zero emissions in its own operations (Scope 1 and 2) by 2025, with a specific interim target of reducing emissions to 60,000 kg CO2e by December 2025. The emissions data is cascaded from its parent organization, Standard Chartered PLC, which oversees the bank's sustainability initiatives. The bank's commitment to reducing its carbon footprint is part of a broader strategy to address climate change and promote sustainable finance.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 7,922,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 180,014,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Standard Chartered Bank's Industry?
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Standard Chartered Bank's Scope 3 Categories Breakdown
Standard Chartered Bank's Scope 3 emissions, which decreased by 16% last year and increased significantly since 2018, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 99% of Scope 3 emissions.
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Standard Chartered Bank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Standard Chartered Bank has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
