Standard Chartered has launched its Sustainability Review 2007 highlighting progress made in building a sustainable business.
The Review leaves no paper trail. In line with the Bank’s commitment to reduce paper use, the report is only available online:
www.standardchartered.com/sustainability-review-07/en/index.html
Many of the Bank’s primary markets across Asia, Africa and the Middle East are engines of the world’s growth and prosperity. But they are also often the most vulnerable to environmental and social degradation.
Standard Chartered is stimulating economic and social development through the services it provides by creating wealth, through business practices that are environmentally responsible and socially-inclusive.
2007 Highlights
Empowering 1.2 million people in Asia and Africa, by disbursing microfinance loans worth US$170m through 41 partners in 13 countries,
Committing $8-10bn to finance renewable energy and clean technology projects in Asia, Africa and the Middle East by 2012,
Generating over 1 million pledges for the Greatest Race on Earth: Race for a Living Planet that have the potential to save 3 billion litres of water,
Reducing paper use by 20% per full time employee (2006–7).
Standard Chartered applies three tests to inform its decisions regarding which sustainability areas to focus on; relevance to its markets, opportunity to leverage its infrastructure and capabilities and the Bank’s ability to add distinctive value. The Review highlights the Bank’s successes, partnerships and performance data and provides details our activities within seven sustainable business priorities; Access to Financial Services, Protecting the Environment, Sustainable Finance, Tackling Financial Crime, Great Place to Work, Community Investment and Responsible Selling and Marketing.
Standard Chartered PLC, listed on both the London Stock Exchange and the Hong Kong Stock Exchange, ranks among the top 25 companies in the FTSE-100 by market capitalisation. Standard Chartered aspires to be the best international bank in its markets through leading by example to be the right partner for its stakeholders. The group now employs 73,000 people, representing 115 nationalities, in more than 1,700 branches and outlets located in over 70 countries.
The Review highlighting progress made in building a sustainable business. In line with the Bank's commitment to reduce paper use, the report is only available online