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Financial Intermediation
GB
updated a month ago

Standard Chartered PLC Sustainability Profile

Company website

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.

DitchCarbon Score

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.

90

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.

32

Industry Benchmark

Standard Chartered PLC's score of 90 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.

95%

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Standard Chartered PLC's reported carbon emissions

In 2024, Standard Chartered PLC reported total carbon emissions of approximately 24,968,000 kg CO2e, which includes 7,696,000 kg CO2e from Scope 1 and 17,272,000 kg CO2e from Scope 2 emissions. The bank's Scope 3 emissions were significantly higher, amounting to about 49,049,672,000 kg CO2e, primarily driven by investments and purchased goods and services. For the year 2023, the bank's total emissions were approximately 34,734,000 kg CO2e, with Scope 1 emissions at 8,488,000 kg CO2e and Scope 2 emissions at 26,246,000 kg CO2e. Scope 3 emissions for 2023 were around 45,891,692,000 kg CO2e. Standard Chartered has set ambitious climate commitments, aiming for net zero in its Scope 1 and 2 emissions by 2025 and in its financed emissions by 2050. These targets reflect the bank's commitment to reducing its carbon footprint and aligning with global climate goals. The bank's emissions data is sourced directly from its own reporting, with no cascaded data from parent organizations. Overall, Standard Chartered's proactive approach to managing its carbon emissions and its clear reduction targets position it as a responsible player in the financial sector's transition towards sustainability.

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Access structured emissions data, company-specific emission factors, and source documents

2019202020212022202320242025
Scope 1
-
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000
-
Scope 2
-
000,000,000
00,000,000
00,000,000
00,000,000
00,000,000
-
Scope 3
94,000,000
00,000,000
-
00,000,000,000
00,000,000,000
00,000,000,000
-

How Carbon Intensive is Standard Chartered PLC's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Standard Chartered PLC's primary industry is Financial Intermediation, which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is Standard Chartered PLC's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Standard Chartered PLC is in GB, which has a very low grid carbon intensity relative to other regions.

Standard Chartered PLC's Scope 3 Categories Breakdown

Standard Chartered PLC's Scope 3 emissions, which increased by 7% last year and increased significantly since 2019, 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 74% of Scope 3 emissions.

Top Scope 3 Categories

2024
Investments
74%
Purchased Goods and Services
<1%
Employee Commuting
<1%
Business Travel
<1%
Capital Goods
<1%
Upstream Transportation & Distribution
<1%
Downstream Leased Assets
<1%
Waste Generated in Operations
<1%

Standard Chartered PLC'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 PLC 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare Standard Chartered PLC's Emissions with Industry Peers

Citi

US
•
Services auxiliary to financial intermediation (67)
Updated 11 days ago

Nab

AU
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 15 days ago

Citibank Taiwan Ltd.

TW
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 5 days ago

Barclays PLC

GB
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 16 days ago

ABN AMRO Bank N.V.

NL
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 23 days ago

DBS Group Holdings Ltd

SG
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 5 days ago

Frequently Asked Questions

Common questions about Standard Chartered PLC's sustainability data and climate commitments

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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