Standard Chartered PLC
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 45 is higher than 69% 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 2023, Standard Chartered PLC reported total carbon emissions of approximately 9,049,721,000 kg CO2e. This figure includes Scope 1 emissions of about 3,785,000,000 kg CO2e, Scope 2 emissions of around 1,200,000,000 kg CO2e, and Scope 3 emissions totalling approximately 4,064,721,000 kg CO2e. The combined Scope 1 and 2 emissions amounted to about 4,985,000,000 kg CO2e. The bank has set ambitious climate commitments, aiming for net zero in its Scope 1 and 2 emissions by 2025, as well as in its financed emissions by 2050. These targets reflect a significant commitment to reducing its carbon footprint and align with industry standards for climate action. In terms of reduction initiatives, Standard Chartered has outlined its strategy in its Transition Plan, which details the steps it will take to achieve these net zero targets. The bank's commitment to sustainability is further underscored by its participation in various climate initiatives, although it has not yet submitted specific near-term or long-term targets to the Science Based Targets initiative (SBTi). Overall, Standard Chartered PLC is actively working towards reducing its carbon emissions and enhancing its sustainability practices, with a clear focus on achieving net zero emissions in the near future.
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| 2023 | |
|---|---|
| Scope 1 | 3,785,000,000 |
| Scope 2 | 1,200,000,000 |
| Scope 3 | 4,064,721,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
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 participating in some of the initiatives that 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.
