Standard Chartered Bank Nigeria Limited Sustainability Profile
Standard Chartered Bank Nigeria Limited, a prominent player in the financial services sector, is headquartered in Lagos, Nigeria. Established in 1999, the bank has since become a key provider of banking solutions across West Africa, with a strong presence in major cities such as Abuja and Port Harcourt. As part of the global Standard Chartered Group, the bank offers a diverse range of services, including retail banking, corporate banking, and wealth management. Its unique approach combines innovative digital solutions with personalised customer service, setting it apart in a competitive market. Recognised for its commitment to sustainable banking practices, Standard Chartered Bank Nigeria has achieved significant milestones, including numerous awards for excellence in customer service and corporate responsibility. With a solid market position, it continues to play a vital role in driving economic growth in Nigeria.
DitchCarbon Score
How does Standard Chartered Bank Nigeria Limited'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 Nigeria Limited's score of 82 is higher than 90% 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 Nigeria Limited currently does not report specific carbon emissions data, as no emissions figures are available. The bank is a current subsidiary of Standard Chartered PLC, which influences its climate commitments and initiatives. As part of its corporate family, Standard Chartered Bank Nigeria Limited adheres to the climate strategies and targets set by its parent company, Standard Chartered PLC. This includes commitments to the Science Based Targets initiative (SBTi) and participation in various sustainability initiatives such as the Carbon Disclosure Project (CDP) and RE100. However, specific reduction targets or achievements at the subsidiary level have not been disclosed. The bank's climate commitments align with industry standards, focusing on reducing carbon emissions and enhancing sustainability practices. While no absolute emissions numbers are provided, the overarching goals from the parent company guide the subsidiary's environmental strategies.
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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 Nigeria Limited's Industry?
How Carbon Intensive is Standard Chartered Bank Nigeria Limited's Location?
Standard Chartered Bank Nigeria Limited's Scope 3 Categories Breakdown
Standard Chartered Bank Nigeria Limited'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 Nigeria Limited'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 Nigeria Limited 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.
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