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Standard Chartered bank: contributions to sustainable economic growth 2019

Over the past years, a number of the world's largest banks have made commitments to contributing towards a more sustainable future. Each bank that made such commitments did so in varying degrees. On a broad scale, these commitments are focused in three main areas covering environment, society and governance, and mainly follow the guidelines set out in the 2015 Paris Agreement.

According to the World Resources Institute (WRI), Standard Chartered first set out their financial commitment in 2016, which was to be achieved by the year 2020. In the graph above, We have laid out the bank's financial commitments with the target end date as well as their latest reporting on what they are doing in reaching those goals. The graph only includes financial goals committed. To see the bank's full commitments to sustainability see their sustainability report. As of 2019, Standard Chartered have reportedly met 93.1 percent of their sustainable aspirations.

It is important to remember that although the bank only made this commitment in the last few years, most banks have in fact been supporting and acting out in many sustainable projects globally for many years.

Financial commitments to sustainability made by Standard Chartered bank worldwide as of 2019, by commitment

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Sources

Release date

March 2020

Region

Worldwide

Survey time period

2019

Supplementary notes

Cumulative value of financing as of 2019.

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