Standard Chartered PLC, a leading international banking group, is headquartered in London, GB. Founded in 1969, the bank has established a strong presence in Asia, Africa, and the Middle East, focusing on providing a diverse range of financial services. With a commitment to innovation, Standard Chartered offers unique products in retail banking, corporate banking, and wealth management, catering to both individual and institutional clients. The bank is renowned for its expertise in emerging markets, positioning itself as a trusted partner in these regions. Notable achievements include a robust digital banking platform and a strong emphasis on sustainable finance, reflecting its dedication to responsible banking practices. As a prominent player in the global banking industry, Standard Chartered continues to enhance its market position through strategic initiatives and a customer-centric approach.
How does Standard Chartered PLC'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.
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.
Standard Chartered PLC's score of 25 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Standard Chartered PLC, headquartered in the United Kingdom, currently does not have available carbon emissions data for the most recent year. However, the bank has made commitments towards climate action, particularly in the context of its operations as a financial institution. As of now, Standard Chartered has not set specific near-term or long-term reduction targets, and it is not committed to a net-zero target. The bank's previous commitments have been withdrawn, and it is in a transitory grace period for compliance with its Commitment Compliance Policy, with new targets expected to be submitted by July 31, 2023. In the absence of specific emissions data, it is important to note that Standard Chartered operates within the banking sector, which is increasingly under pressure to address climate change and reduce carbon footprints. The bank's future climate commitments will be crucial in aligning with industry standards and expectations for sustainability.
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 PLC is committed to some reduction initiatives 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.