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- ASIA PACIFIC
- Afghanistan
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- South Korea | 한국
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- Thailand | ประเทศไทย
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- AFRICA
- Botswana
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- THE MIDDLE EAST
- Bahrain
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- UAE
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Resource Centre
Memberships & standards
UN Global Compact Principles
The 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 Bank upholds these principles, within our lending and procurement decisions in addition to how we treat our staff and customers.
This index describes our approach to each of these principles, with links to relevant sections of our website and Sustainability Review 2007 (PDF, 2.3MB) for detail on performance. 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.
| Global Compact principles |
G3 indicators |
Standard Chartered's approach | 2007 Annual Report (Page No.) |
2007
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 |
Our approach to sustainable lending protects human rights associated with the provision of financial services. The bank creates an inclusive culture, we value our employees and provide a healthy and safe workplace. Our approach to human rights through the influence we have on our supply chain and procurement policies is managed through our Know Your Supplier programme. |
|
Sustainable finance Resource centre: Human Rights Policy |
|
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.
| Global Compact principles |
G3 indicators |
Standard Chartered's approach | 2007 Annual Report (Page No.) |
2007
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 |
Unions exist in some of our markets e.g. Malaysia, Korea and India. We aim to uphold freedom of association and recognise the right to collective bargaining in all of the markets we operate in. We assess the ability of our suppliers to uphold this principle through our Know Your Supplier programme. |
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Principle 4 Businesses should uphold the elimination of all forms of forced and compulsory labour |
HR7 |
We aim to eliminate all forms of forced and compulsory labour through our approach to sustainable lending and through our Know Your Supplier programme. |
Sustainable finance Resource centre: |
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Principle 5 Businesses should uphold the effective abolition of child labour |
HR6 |
The abolition of child labour is to be formalised within our sustainable lending policy in 2007. The use of child labour is screened through our Know Your Supplier selection process. We aim to work with our suppliers and customers to eliminate child labour. |
Sustainable finance Resource centre: |
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Principle 6 Businesses should eliminate discrimination in respect of employment and occupation. |
HR4, LA2, LA13, LA14 |
A key leadership priority for the bank is Diversity and Inclusion, led by our Diversity Council which aims to drive best practice across the business. 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. |
Great place to work |
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 low carbon 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.
| Global Compact principles |
G3 indicators |
Standard Chartered's approach | 2007 Annual Report (Page No.) |
2007
Sustainability
Review (Page No.) |
Website references to this principle |
|---|---|---|---|---|---|
Principle 7 Business should support a precautionary approach to environmental challenges |
4.11 |
We are establishing policies on specific issues such as palm oil and forestry. We factor in key environmental impacts such as climate change, biodiversity and pollution risks into our review of key sectors. We are committed to improving the reporting on our own operations and improving performance year on year. |
Sustainable finance |
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Principle 8 Business should undertake initiatives to promote greater environmental responsibility |
EN2,EN5, EN6, EN7, EN10, EN13, EN14, EN18, EN21, EN22, EN26, EN27, EN30 |
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Principle 9 Businesses should encourage the development and diffusion of environmentally friendly technologies |
EN2, EN5, EN6, EN7, EN10, EN18, EN26, EN27 |
We are committed to develop new innovative environment related, services and consumer products including financing renewable energy projects and investing in low carbon technologies. The protecting our environment section also describes the efforts we are undertaking to use environmentally friendly technologies within our own operations. |
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.
| Global Compact principles |
G3 indicators |
Standard Chartered's approach | 2007 Annual Report (Page No.) |
2007
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 '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. This is supported by our code of conduct, money laundering and speaking up policies available in our resource centre. |
Tackling Financial Crime Resource centre: |
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