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Governance

Our environment and climate change strategy is fully supported by a robust governance framework, led by our Group Environment Committee, that formalises our sustainability commitments and manages their delivery. Clear roles and responsibilities are outlined.

The Group Environment Committee (GEC) is a senior management level committee appointed by our Group Management Committee.  Its membership comprises senior executives from across the business, including:

  • Property, Research and Assurance (PRA)
  • Consumer Banking (CB)
  • Wholesale Banking (WB)
  • Governance (Gov)
  • Corporate Real Estate Services (CRES)
  • Group Technology and Operations (GTO)
  • Group Corporate Affairs (GCA), including Sustainable Finance
  • Group Risk (GR)
  • Human Resources (HR)

In 2010, the GEC will welcome the addition of two external advisors. Anthony White, founder of Climate Change Capital, and David Tickner, head of freshwater programmes at WWF UK  will provide expertise in the areas of energy and climate change, and water, respectively.

The GEC has responsibility for oversight of the development and implementation of our environmental agenda.  It is supported by a network of Country Environment Committees (CEC) which were established to mirror its focus at a local level.

enviroment and governance structure

This governance structure reflects our strategic thinking on sustainabilty, as responsibilities are assigned to each business and function.  Our approach ensures the support of staff across the organisation.

Group environment committee attendance and agenda in 2009

Meeting date Functions represented Subjects discussed (outside business as usual)
PPA CB WB GTO HR GR Gov GCA CRES
30 January

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  • The science and economics of climate change and regulatory implications
  • Environment and climate change policy development
  • Launch of the 2009 environment action plan
6 March

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  • GTO progress report on reduction targets and procurement
  • Progress against the 2009 environment action plan
  • Environment and climate change policy development
17 April

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  • Water research
  • Staff engagement
  • Progress against our environment action plan
1 July

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  • Litigation risk on climate change
  • Climate change policy negotiations and the implications for our business
  • Progress against our environment action plan
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September

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  • Update on air travel
  • Environment and climate change policy development
  • Water position statement – presentation
  • Carbon disclosure in annual reporting, greenhouse gas accounting for lending activity
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November

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  • Environment and climate change strategy update
  • Progress against our environment action plan
  • 2009 Sustainability Review
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December

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  • Climate change negotiations – what’s in store?
  • Sector highlights – agri-business and ship breaking
  • Best practice sharing
  • Reflections on 2009, plans for 2010

Our achievements this year have focused on formalising and consolidating our commitments

These include:

  • the development of an Environment and Climate Change Policy and Procedure
  • delivery of progress against a comprehensive environmental action plan by key bank functions, including  CB, WB, CRES and GTO

Using our governance framework, we have taken several steps to embed environmental considerations into our consciousness and to influence behaviour through the development of new and innovative campaigns, products and services. 

We enjoyed many successes, but our highlights this year include:

  • Consumer Banking e-statement campaign
  • Corporate Real Estate Services and Group Technology and Operations’ campaigns to reduce energy use, paper use and business travel
  • the successful implementation of sector position statements and practitioners’ guides across our Wholesale Banking businesses 

Focus on Country Environment Committee – Malaysia

One of our most active Country Environment Committees is in Malaysia which, through a solid governance structure and thorough planning, monitoring and evaluation, has implemented an effective year-round programme of initiatives that exemplify our commitment to protecting the environment. 

Governance

The governance structure for Malaysia’s Country Environment Committee comprises two sub committees: a Project Steering Committee and a Project Working Committee.

Terms of Reference for the Malaysia CEC sub committees

  Steering Committee Working Committee
Function The Project Steering Committee (PSC) is the central coordinating body to evaluate, plan, recommend, oversee and implement environmental initiatives for Standard Chartered and its related companies in Malaysia

Its scope includes internal initiatives as well as external initiatives with customers, media, communities, regulators and vendors
The Project Working Committee (PWC) is the central working team responsible for implementing environmental initiatives for Standard Chartered and its related companies in Malaysia

The PWC supports the PSC in ensuring all initiatives and directives are duly complied and implemented within the stipulated timelines
Frequency of meeting Meetings are held once every two months to evaluate initiatives, formulate plans and review the progress of action plans Meetings are held on a monthly basis to ensure actions are taken to achieve the targets and requirements set by the PSC.
Responsibilities
  • To ensure that best practices and continuous improvement are uniformly adopted by the Bank in Malaysia on all matters concerning the environment
  • To promote a strong environmental awareness programme and nurture environmentally responsible behaviour and culture among all staff
  • To plan, formulate, recommend and co-ordinate the implementation of our environmental initiatives in Malaysia and all our subsidiaries
  • To monitor and ensure all planned initiatives are on track and completed within agreed timelines.
  • To ensure alignment with the environment and climate change strategy
  • To ensure that projects are implemented on schedule.
  • To engage business partners, media, NGOs and regulators to help build awareness around, and promote, good environmental practices.
  • To roll-out initiatives as recommended by the PSC
  • To provide status reports on the implementation progress of all initiatives
  • To escalate problems and outstanding matters to the PSC
  • To provide feedback and recommendations on initiatives to the PSC
Reporting The committee submits a monthly progress report to Malaysia’s Country Management Committee, and provides additional updates as and when required. The committee Chairman provides a progress report at each PSC meeting.

Roadmap

To ensure the continued progress of Malaysia’s Protecting the environment campaign, the CEC develops a roadmap for the year ahead, which is presented for approval to the Country Chief Executive. The roadmap this year covered a wide range of activities, including:

  • energy reduction targets
  • the appointment of environment champions in each business unit and branch
  • a school outreach campaign
  • promotion of online banking among customers

Malaysia CECs’ 2009 roadmap

Activity Programme of Work Target Deadline Completed
Country Energy Targets Set Energy Targets February tick
  • 10% reduction in CO2 emissions for electricity consumption
  • 10% reduction in CO2 emissions for air-travel
  • 20% reduction in paper consumption
Environment champions Appoint champions for all business units including branches. February X
  • Not possible due to branch transformation
Employee Volunteering (EV) Drive the EV programme to achieve a 100% take up of at least one EV day per staff member February

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Environmental master classes Conduct quarterly master classes for the benefit of all our staff One completed per quarter

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Internal recycling campaign Drive our recycling campaign February

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‘Adopt a plant’ campaign Organise three separate sales of plants to staff Three events to be held in 2009 Events held in June and November
World Environment Day Mark World Environment Day by arranging a week-long series of activities in June June

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Activities included:
  • An Adopt a plant campaign
  • A Green the Office competition
  • A No Plastic Bag day
  • A garbage enzyme workshop
  • A Kick the CO2 habit campaign
Establish a water consumption reduction target Water consumption to be tracked and efforts made to reduce it March X
  • Not achieved due to lack of appropriate measurement methodology
Online banking and payment programme Drive the Consumer Banking paper reduction campaign for customers February

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  • 20% paper reduction target met
School outreach programme Run a programme of environmental education for children June X
  • Not met due to lack of support from the  education authority

Achievements in 2009

The Malaysia CEC has implemented a wide range of initiatives and activities, as described below. 

Malaysia CEC’s achievements in 2009

Successful Initiatives Date
1. Earth Day 2009 March
Earth Hour Candle Promotion
Earth Day Buying Nothing Day
Town Hall 2009 - Our staff signed up to support Earth Hour Programme
Turning off all floor lights in our operations at 5.00pm on 27 March
An employee-wide competition to capture and share Earth Hour experiences
Providing candles to participants in the Earth Hour programme - switch off all lights and light a candle at 8.30pm on 28 March
Set double-sided printing / print into mailbox on printers to reduce paper wastage
2. World Environment Day 2009 June
World Environmental Week:
Adopt A Plant
Garbage Enzyme Workshop
No Plastic Bag Day
Trash & Treasure Activities
Kick the CO2 Habit
World Environment week event at Group Shared Services Centre, Kuala Lumpur (GSSC KL): Green the Office Competition
Pandan Pot Pourri Demonstration
Creative Designer of Recycled Bag Contest
ECO Enzyme Demonstration and Talk
3. Kuala Lumpur Marathon 2010 - Run for Green
4. Beach Cleaning Programme  
  • Waterfall clean up
March
  • Clean up beach – Avillion Port Dickson
August
  • Embark on EM Mudball project - run trial batch at office
  • Clean up beach - Batu 10 Port Dickson
November
  • Approval Granted - Project EM Mudball, which promotes sludge eating microbial activity, to launch on 14 November
5. Town Hall Celebration September
  • Go Green, Volunteer sign-up for 2010
  • Encouraging customers to bring recyclable materials in exchange for a branded lunch box and recycling bag
6. Recruitment Drive Program October
  • 100 Go Green Rangers established within Group Shared Services Centre Kuala Lumpur
7. Presentation to British High Commission on Malaysia’s environmental programmes November
8. Adopt A Plant Programme  
  • Part 1 – during World Environment Week
June
  • Part 2 - 13 November
November

Report tools

Annual Report and Accounts 2009