Skip to main content

Protecting the environment

Protecting the environment

For an organisation which employs over 75,000 people, our cumulative carbon emissions can quickly multiply into a more than negligible number. This is why Standard Chartered does not take lightly our commitments to manage our direct impacts. We believe in fostering behavioural change at both the institution and individual levels to contribute to climate change mitigation efforts.

We make ongoing efforts to cut our emissions and resource consumption through policy changes and setting targets. But we are constantly impressed by our employees' resolve to minimise their own environmental footprint through volunteering and campaign activities across markets.

Climate change poses a unique challenge for both economic development and our civilisation. Its impact can manifest in erratic rainfall, floods and droughts, forest fires and storms. These vagaries of nature threaten countries' ability to source reliable energy, water and food supplies, which are vital to an economy's prosperity.

Developing countries are especially vulnerable. Our global footprint means we are strategically and commercially poised to tackle these challenges. The interactions between energy, water and food security against a changing climate are complicated. As a responsible financial institution, we have taken steps to carry out research and manage business risks associated with scarce natural resources. We have also participated in international policy forums and partnered with non-governmental organisations (NGOs) to provide expertise on how private capital can be mobilised with public finance to meet this challenge.

The need to develop a coherent strategy and governance framework on the environment and climate change led us to form a Group Environment Committee in 2007. We have subsequently developed an environment and climate change strategy that is aligned with the basics of banking. We are aware that our very existence as a financial institution impacts the environment and the communities. The legitimacy of our role in the global economy depends on the way we manage these impacts.

Report tools

Annual Report and Accounts 2009