Standard Chartered Bank

Standard Chartered Bank, headquartered in GB, reported total emissions of approximately 51.3 billion kg CO2e in 2025. This includes Scope 1 emissions of 5.79 million kg CO2e, and Scope 3 emissions of approximately 51.3 billion kg CO2e, with investments accounting for approximately 50.88 billion kg CO2e. In 2024, total emissions were approximately 48.24 billion kg CO2e, comprising Scope 1 emissions of 7.70 million kg CO2e, Scope 2 location-based emissions of 82.84 million kg CO2e, and Scope 3 emissions of approximately 48.21 billion kg CO2e, with investments representing around 47.66 billion kg CO2e. For 2023, total emissions were approximately 45.93 billion kg CO2e, including Scope 1 emissions of 8.49 million kg CO2e, Scope 2 location-based emissions of 85.74 million kg CO2e, and Scope 3 emissions of approximately 45.89 billion kg CO2e, with investments at around 45.34 billion kg CO2e.

Standard Chartered Bank aims for net zero emissions in its operations by 2025, a target which was achieved for Scope 1 and 2 emissions in 2025. The bank also aims to achieve net zero financed emissions by 2050, aligning with the Paris Agreement. Interim targets include a 90% reduction in Scope 1 and Scope 2 emissions to 18,000 tonnes CO2e by 2050, with intermediate targets of 121,000 tonnes CO2e by 2025 and 84,000 tonnes CO2e by 2030, based on a 2018 baseline. The bank has also set a near-term target to reduce annual greenhouse gas emissions (Scope 1 and 2) to net zero by 2030, with an interim target of 60,000 tonnes CO2e by December 2025 (from a 2019 baseline).

Furthermore, Standard Chartered Bank has committed to specific financed emissions reduction targets, including an 85% reduction in absolute financed thermal coal-mining emissions by 2030 against a 2020 baseline for both Scope 1 and Scope 2. They also aim to reduce absolute financed emissions in Oil and Gas by 29% by 2030 against their 2020 balance sheet baseline for Scope 1. For its own operations, the bank reduced Scope 1 and 2 emissions by 28% in 2024 to 24,968 tonnes CO2e. Additionally, Scope 2 emissions were reduced by 34% in 2024. The bank targets a 28% reduction in Upstream transportation and distribution and Business travel emissions against 2019 levels by 2023. Standard Chartered Bank also plans to support clients in mining, power generation, and commodity trading to transition away from thermal coal, aiming not to bank any clients more than 10% dependent on coal by 2030.

Standard Chartered Bank's climate commitments include cascaded data and targets from its related organization, Standard Chartered PLC, for initiatives such as RE100 and Race to Zero.