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 kg CO2e for Scope 1 and 2 combined. This figure reflects their commitment to reducing emissions, with a target to achieve net zero in Scope 1 and 2 emissions by 2025, alongside a goal for financed emissions by 2050. Globally, the bank's emissions for 2024 included 7,696,000 kg CO2e for Scope 1, 17,272,000 kg CO2e for Scope 2 (market-based), and a significant 49,049,672,000 kg CO2e for Scope 3 emissions. The Scope 3 emissions encompass various categories, including investments and business travel, indicating the extensive impact of their operations. In 2023, the bank's emissions in the UK were reported at approximately 2,430 kg CO2e for Scope 2, while their global emissions for that year totalled around 9,049,721,000 kg CO2e, with Scope 1 at 8,488,000 kg CO2e and Scope 2 at 26,246,000 kg CO2e (market-based). Standard Chartered's climate commitments are aligned with industry standards, and they are actively working towards their reduction targets, although they have not yet submitted specific targets to the Science Based Targets initiative (SBTi). The bank's initiatives reflect a growing recognition of the need for financial institutions to address their carbon footprints and contribute to global climate goals.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| 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 | 482,000 | 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 PLC's Industry?
How Carbon Intensive is Standard Chartered PLC's Location?
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.
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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