Standard Chartered Bank

Standard Chartered Bank's total carbon emissions in 2025 were approximately 51.3 billion kg CO2e. This includes Scope 1 emissions of 5.79 million kg CO2e, and Scope 3 emissions of about 51.3 billion kg CO2e, with approximately 50.88 billion kg CO2e attributed to investments. In 2024, the bank's total emissions were approximately 48.2 billion kg CO2e, comprising Scope 1 emissions of 7.696 million kg CO2e and Scope 2 (market-based) emissions of 17.272 million kg CO2e. Their Scope 3 emissions in 2024 were about 48.21 billion kg CO2e, with investments accounting for approximately 47.66 billion kg CO2e. In 2023, total emissions were approximately 45.9 billion kg CO2e, with Scope 1 emissions at 8.488 million kg CO2e, Scope 2 (market-based) emissions at 26.246 million kg CO2e, and Scope 3 emissions at about 45.89 billion kg CO2e, including approximately 45.337 billion kg CO2e from investments.

Standard Chartered Bank aims to achieve net zero emissions in its operations by 2025 (covering Scope 1 and 2). They are also targeting a 90% reduction in Scope 1 and Scope 2 greenhouse gas emissions by 2050, based on 2018 levels, with interim targets of a 36% reduction (to 121,000 tonnes) by 2025 and a 55% reduction (to 84,000 tonnes) by 2030. The bank also plans to reach net zero in its financed emissions by 2050, aligning with the Paris Agreement. A near-term target includes a 28% reduction in Scope 3 upstream emissions related to upstream transportation and distribution and business travel by 2023, against 2019 levels. Furthermore, Standard Chartered Bank has committed to reducing absolute financed thermal coal-mining emissions by 85% by 2030, from a 2020 baseline, and to reduce absolute financed emissions in Oil and Gas by 29% by 2030 against their 2020 balance sheet baseline. The organisation also states that it will not bank any clients who are more than 10% dependent on coal by 2030.

Standard Chartered Bank inherits its RE100 and Race to Zero commitments from its ultimate parent company, Standard Chartered PLC.