Responsible and sustainable lending to be a force for good
With a significant presence in Asia, Africa and the Middle East, Standard Chartered plays an important role in economic growth. Aware that there can be conflict between economic growth and communities as well as challenges in protecting the environment, we will be a force for good, encouraging sustainable development wherever we operate or have influence.
Lending is one of the key areas where we believe we can promote sustainable development.
We assess all our lending decisions to make sure we are doing everything we can to minimise social and environmental damage. To do this we need robust policies and procedures, as well as a deep knowledge of markets and risks at many levels within our organisation. That is why training our employees to understand and handle these challenges is a key priority for us.
To help us identify key social, ethical and environmental risks in lending, we work with external experts where necessary. Our lending policies are closely linked to initiatives such as the Equator Principles.
You can find detailed information about how we developed our approach to lending in 2007 in our 2007 Sustainability Review (PDF, 2.3MB). You can also read our Group Environmental and Social Risk Policy (PDF, 15KB) and a special report on Sustainable Lending and the Equator Principles (PDF, 520KB).
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Did you know...
USD 10 billion committed to renewable energy
At the Clinton Global Initiative we committed to take a lead in the financing of USD 8-10 billion new renewable and clean energy projects over five years.