Standard Chartered Bank
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 98 is higher than 99% 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 46,000,000 kg CO2e, with emissions distributed across various scopes: 7,696,000 kg CO2e (Scope 1), 17,272,000 kg CO2e (Scope 2), and a significant 38,171,000,000 kg CO2e from Scope 3, which includes investments and other indirect emissions. In 2023, the bank's emissions were about 48,000,000 kg CO2e, indicating a slight reduction in total emissions year-on-year. The bank has set ambitious climate commitments, aiming for net-zero financed emissions by 2050, aligning with the Paris Agreement. They plan to reduce absolute financed thermal coal-mining emissions by 85% by 2030. Additionally, Standard Chartered aims to achieve net-zero emissions in its own operations (Scope 1 and 2) by 2025, with an interim target of 60,000 tCO2e by December 2025. In 2024, Standard Chartered successfully reduced its Scope 2 emissions by 34%, and overall Scope 1 and 2 emissions decreased by 28% to 24,968 tCO2e. The bank's targets and initiatives are cascaded from its parent company, Standard Chartered PLC, which oversees the broader climate strategy and reporting. Overall, Standard Chartered Bank is actively working towards significant emissions reductions and has established clear targets to enhance its sustainability efforts in the financial sector.
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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 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Standard Chartered Bank is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
