Standard Chartered PLC Sustainability Profile
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.
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 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.
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Standard Chartered PLC's reported carbon emissions
In 2024, Standard Chartered PLC reported total carbon emissions of approximately 24,800,000 kg CO2e, which includes 7,696,000 kg CO2e from Scope 1 and 17,272,000 kg CO2e from Scope 2 emissions. The bank 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. The bank's global emissions for 2023 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. In 2022, total emissions reached about 49,434,000 kg CO2e, indicating a significant focus on reducing its carbon footprint. Standard Chartered's climate strategy includes a commitment to transparency and accountability, with emissions data disclosed across all relevant scopes (1, 2, and 3). The bank is actively working towards its targets, although it has not yet committed to a net zero target through the Science Based Targets initiative (SBTi). Overall, Standard Chartered PLC is making strides in its climate commitments, with a clear roadmap for reducing emissions in the near term while addressing the broader impacts of its financed activities.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 3,589,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 113,870,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 63,492,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Standard Chartered PLC's Industry?
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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 2020, 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.
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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.
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Frequently Asked Questions
Common questions about Standard Chartered PLC's sustainability data and climate commitments