Standard Chartered Bank, Bangladesh Branches Sustainability Profile
Standard Chartered Bank, a leading international bank, operates extensively in Bangladesh, with its headquarters located in Dhaka. Established in 1905, the bank has a rich history and has achieved significant milestones, including the expansion of its branch network across major cities like Chittagong and Sylhet. As a prominent player in the banking industry, Standard Chartered focuses on corporate and institutional banking, retail banking, and wealth management. Its core products, including personal loans, credit cards, and investment services, are tailored to meet the diverse needs of its customers, setting it apart in a competitive market. With a strong commitment to innovation and customer service, Standard Chartered Bank has solidified its position as a trusted financial partner in Bangladesh, recognised for its robust financial solutions and community engagement initiatives.
DitchCarbon Score
How does Standard Chartered Bank, Bangladesh Branches'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, Bangladesh Branches's score of 82 is higher than 91% 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, Bangladesh Branches currently does not have specific carbon emissions data available for the most recent year. As a current subsidiary of Standard Chartered PLC, it inherits its climate commitments and initiatives from its parent organisation. The bank is part of a broader corporate strategy that includes significant climate commitments, such as those outlined by the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP). These commitments are cascaded from Standard Chartered PLC, which has set ambitious targets to reduce its carbon footprint across all operations. While specific reduction targets for the Bangladesh branches are not detailed, the overarching goals from Standard Chartered PLC include transitioning to renewable energy sources and enhancing energy efficiency. The bank is also involved in initiatives like RE100, which aims for 100% renewable energy usage, and the Race to Zero campaign, promoting net-zero emissions by 2050. In summary, while Standard Chartered Bank, Bangladesh Branches does not report specific emissions data, it aligns with the climate commitments and reduction strategies of its parent company, Standard Chartered PLC, focusing on sustainability and responsible banking practices.
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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, Bangladesh Branches's Industry?
How Carbon Intensive is Standard Chartered Bank, Bangladesh Branches's Location?
Standard Chartered Bank, Bangladesh Branches's Scope 3 Categories Breakdown
Standard Chartered Bank, Bangladesh Branches'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, Bangladesh Branches'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, Bangladesh Branches has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
