Sustainability

Resource Centre

Memberships & standards

UN Global Compact

The UN Global CompactThe UN Global Compact asks companies to embrace, support and enact a set of 10 principles in the areas of human rights, labour standards, the environment, and anti-corruption.

Standard Chartered has been a signatory of the UN Global Compact since 2001 and is committed to the 10 UN Global Compact principles. For more information, see the United Nations Global Compact website.

This index describes the Bank¡¦s approach to and performance against each of the principles, with links to relevant sections of our website, our 2006 Sustainability Review (PDF, 773KB) as well as our 2006 Annual Report and Accounts. We also provide a cross reference to the relevant Global Reporting Initiative G3 indicators.

Human Rights

Standard Chartered supports the rights of the individual as expressed in the 1948 United Nations Universal Declaration of Human Rights (UDHR). We have a responsibility to ensure that human rights are upheld in all our lending decisions, all our interactions with our own staff, and those of suppliers and contractors through procurement and supply chain management.

Human Rights
Global Compact
principles
G3
indicators
Standard Chartered's approach 2006
Annual
Report
Page No.
2006
Sustainability
Review
Page No.
Website
references to
this principle

Principle 1

Businesses should support and respect the protection of internationally proclaimed human rights within their sphere of influence

HR1-9

Principles 1 & 2

Our people: The bank creates an inclusive culture, we value our employees and provide a healthy and safe workplace. To ensure every employee is fully aware on the Bank's approach, all employee, regardless of seniority, must successfully complete a number of mandatory e-learning courses within 3 months of joining the Bank. These include Health and Safety, Living with HIV/AIDS and 'SAFE-R', which is provides security awareness training for all employees.

Our business: Our approach to sustainable lending protects human rights associated with the provision of financial services.

Our suppliers: Our approach to human rights through the influence we have on our supply chain and procurement policies is managed through Procurement policy

22, 55, 60

5-7, 16-19

Our people: Great Place to Work, HIV/Aids Policy, Health & Safety Policy, Human Rights Policy

Our business: Sustainable Lending, Sustainable Lending and Equator Principles Report, Social and Environment Policy, Access to Financial Services, W3C Accessibility, Oppressive Regimes

Our suppliers: Procurement Approach, Suppliers CR Questionnaire

Principle 2

Businesses should make sure that they are not complicit in human rights abuses

HR1-2, HR8

Labour Standards

Standard Chartered fully supports the fundamental ILO conventions. We have a responsibility to ensure that labour standards are upheld in all our lending decisions, all our interactions with our own staff, and those of suppliers and contractors through procurement and supply chain management.

Labour Standards
Global Compact principles G3 indicators Standard Chartered's approach 2006 Annual Report Page No. 2006 Sustainability Review Page No. Website references to this principle

Principle 3

Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining

HR5, LA4, LA5

Our people: We pride ourselves on open communication, good conditions of employment and strong relationships with our employees. We believe it is for employees themselves to decide whether and how they may want to be represented collectively. In some countries, according to law or personal preference, we have unionised staff and long-standing collective bargaining arrangements.

Our suppliers: We assess the ability of our suppliers to honour the labour principle through our approach to procurement.

23

18

Our people: Great Place to Work, Labour Standards

Our suppliers: Suppliers CR Questionnaire, Procurement Approach

Principle 4

Businesses should uphold the elimination of all forms of forced and compulsory labour

HR7

Our people: The Bank does not use forced or compulsory labour.

Our business: We take social, environmental and ethical considerations into our lending criteria.

Our suppliers: We aim to eliminate all forms of forced and compulsory labour through our approach to procurement and our Suppliers CR Questionnaire.

22, 60

5-7

Our people: Great Place to Work

Our business: Sustainable Lending, Sustainable Lending and Equator Principles Report, Social and Environment Policy

Our suppliers: Suppliers CR Questionnaire, Procurement Approach

Principle 5

Businesses should uphold the effective abolition of child labour

HR6

Our people: The Bank does not use child labour.

Our business: We take social, environmental and ethical considerations into our lending criteria. In 2007, the Bank will publish a position paper on child labour to be formalised within our sustainable lending policy.

Our suppliers: The use of child labour is screened through our Supplier CR Questionnaire. We aim to work with our suppliers and customers to eliminate child labour.

22, 60

5-7

Our people: Great Place to Work

Our business: Sustainable Lending, Sustainable Lending and Equator Principles Report, Social and Environment Policy

Our suppliers: Suppliers CR Questionnaire, Procurement Approach

Principle 6

Businesses should eliminate discrimination in respect of employment and occupation.

HR4, LA2, LA13, LA14

Our people: Diversity and Inclusion is a key focus for the Bank. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging and have the opportunity to maximise their personal potential.

23, 55

16-19,28

Our people: Great Place to Work, Diversity and Inclusion, Learning and Development, Reward and Recognition, Living with HIV

Our suppliers: Suppliers CR Questionnaire

Environment

We recognise that we can have the greatest influence, and can generate the greatest environmental improvement through our products and services, lending decisions and encouraging investment in environment technology. We are committed to improving the environmental performance of our own operations, engaging our employees in environmental performance improvement and promoting improved supply chain management.

Environment
Global Compact principles G3 indicators Standard Chartered's approach 2006 Annual Report Page No. 2006 Sustainability Review Page No. Website references to this principle

Principle 7

Businesses should support a precautionary approach to environmental challenges

4.11

Principles 7 & 8

Operational impacts: We have an environmental policy and are committed to a precautionary approach to our impacts through improving the reporting on our operations and improving performance year on year.

Environment in lending: We have a Social & Environment policy and have adopted the Equator Principles (EP2). We factor in key environmental impacts such as climate change, biodiversity and pollution risks into our review of all lending decisions. We are establishing policies on specific issues such as palm oil and forestry. The Bank is a signatory to the United Nations Environmental Programme Finance Initiative (UNEPFI) Statement.

Our suppliers: We evaluate environmental risks of our suppliers and include environment in our supplier selection criteria.

22, 23, 60

5-7

Operational impacts: Environment, Environmental Policy

Environment in Lending: Sustainable Lending, Sustainable Lending and Equator Principles Report, Social and Environment Policy

Our suppliers: Suppliers CR Questionnaire

Principle 8

Businesses should undertake initiatives to promote greater environmental responsibility

EN2,EN5, EN6, EN7, EN10, EN13, EN14, EN18, EN21, EN22, EN26, EN27, EN30

23

12-15,29

Principle 9

Businesses should encourage the development and diffusion of environmentally friendly technologies

EN2, EN5, EN6, EN7, EN10, EN18, EN26, EN27

Product and service evolution: We are committed to develop new innovative environment related, services and consumer products including financing renewable energy projects and investing in low carbon technologies.

Operational impacts: The Protecting Our Environment section also describes the efforts we are undertaking to use environmentally friendly technologies within our own operations.

23

12-15

Product and Service Evolution, Environment

Anti-Corruption

Standard Chartered is committed to setting standards that lead by example. We apply procedures that enable us to improve our understanding of our customers and protect their business which help to build a more sustainable business, for the Bank and the communities where we operate.

Anti-Corruption
Global Compact principles G3 indicators Standard Chartered's approach 2006 Annual Report Page No. 2006 Sustainability Review Page No. Website references to this principle

Principle 10

Businesses should work against corruption in all its forms, including extortion and bribery.

SO2, SO3, SO4

Our people: This is supported by our employee Code of Conduct, Anti-Money Laundering and Speaking up policies available in our resource centre. To ensure every employee is fully aware of the employee code of conduct that governs every employee within the Bank, all employees, regardless of seniority, must successfully complete the Group anti-money laundering e-learning as well as sign the code of conduct.

Our business: Our 'Know Your Customer' programme aims to protect the bank and our customers and reduce the impact on the communities we serve from bribery and corruption.

The Bank is a member of the International Chamber of Commerce, UK Commission on Anti-Corruption.

22, 60

8-9

Our people: Code of Conduct, Speaking Up, Tackling Financial Crime

Our business: Anti Money Laundering Policy, Tackling Financial Crime

48 Group Anti-Fraud Conference

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