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Green and Sustainable Product Framework 2023

As a prominent international bank, Standard Chartered is deeply committed to fostering prosperity across Asia, Africa, and the Middle East. Our brand promise, “Here for good,” encapsulates our enduring heritage and values. Operating in over 50 of the world’s most dynamic markets, we serve a diverse clientele, with more than 85 percent of our income and profits originating from Asia, Africa, and the Middle East. Our footprint extends to over 30 countries receiving official development assistance, including seven of the least developed nations. We are dual-listed on the London and Hong Kong Stock Exchanges.

Our sustainability approach revolves around a comprehensive philosophy that guides how we integrate sustainability into our organizational decision-making. This framework encompasses a series of Position Statements delineating our environmental and social standards, alongside a roster of Prohibited Activities we steadfastly refuse to finance.

Given the unique challenges posed by our markets, such as rapid urbanization, climate change vulnerability, and the profound social and economic impacts of the COVID-19 pandemic, we recognize the pivotal role finance plays in addressing these issues. Moreover, we see finance as a means to seize opportunities—facilitating the transition to low carbon technologies, propelling inclusion through digital solutions, and empowering individuals, businesses, and governments to forge positive futures.

To enhance our understanding and tackle key sustainability issues effectively, we actively engage in various industry platforms and working groups. Notably, as of October 2023, we hold membership in and chair the Net Zero Banking Alliance and the Steering Committee of the Equator Principles Association. We are also key contributors to initiatives like the Glasgow Financial Alliance for Net Zero (GFANZ) Principals Group and the Climate Bonds Initiative, in addition to being signatories to the United Nations Principles for Responsible Banking.

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