Supplier Diversity at Standard Chartered

At Standard Chartered, Supplier Diversity refers to a supply chain that incorporates businesses owned by diverse individuals or groups (e.g. women, minority, micro and small businesses) and non-diverse corporations who have strong D&I profiles aligning to our Supplier Diversity principles as set out in our Standard. Our aim is to create mutually beneficial relationships with suppliers from all walks of life reflecting the diverse communities and cultures we operate in. 

Colleagues in meeting

Our purpose is Here For Good

Wherever we operate, we aim to support sustainable economic and social development. We do this by investing in our people and working with local partners to deliver community impact initiatives and programmes.

We celebrate the unique diversity of our people, cultures and networks and use this to provide the best possible customer experience.

Our 85,000 employees and a network serving customers across nearly 150 markets reflects the diversity that makes us who we are.

startup business team working together

We're increasing our focus on Supplier Diversity

Our increased focus on Supplier Diversity is because we recognise the critical role our suppliers play in serving our customers and creating wide reaching positive impacts across the communities we operate in.

The intrinsic relationships between the Bank, our suppliers, our customers and our communities is more and more important, so our overall purpose has to apply to our partners as well as us. 

Community & customer impacts

Working with diverse suppliers generates prosperity for local suppliers, driving positive economic and social impacts for communities and customers.

“Thanks to Standard Chartered’s long-standing support for female-owned and run companies like JCMS, our link has strengthened beyond a traditional supplier-customer relationship.” – CEO, JCMS ProRewards

Case study

A few years ago when we looked at the existing supplier landscape in Standard Chartered Malaysia, we realised there was a lack of diversity in our supplier base. Recognising this wasn’t right, we put a programme in place to change this.  A key success of this programme was that by the end of 2019 we increased the number of women owned businesses by 60%+...

Innovative & unique capabilities

Diverse suppliers often bring unique innovations, technologies, products and services originating from their diverse perspectives and experiences.

"Diversity isn’t just something we promote, it’s who we are. I am proud that our suppliers represent a wide variety of minority segments, and that we are committed to providing as many opportunities as we can..." – Yun Kyong Kim, Supply Chain Sourcing Manager Korea

Case study

Korea recently onboarded a company with diversity at its core which is also able to provide numerous innovative and competitive benefits...

Working with our partners

We work with partner organisations to accelerate our strategy

"We are excited to work alongside Standard Chartered Bank, a corporate powerhouse, to help rebuild business for good through global supplier diversity and inclusion." – Elizabeth A. Vazquez CEO of WEConnect international

Case study

We currently have five partnerships with organisations who champion supplier diversity. Our partners provide us with critical support regarding visibility of suppliers, education and networking opportunities. 

Together we are ensuring that we are able to identify diverse suppliers, collaborate, support and increase opportunities to work with diverse suppliers on a global level...

What our leaders say...

Our leaders have a vested interest in Supplier Diversity

"We recognise that by working with diverse suppliers we will be contributing to driving more prosperous communities and positive social impacts as part of our aim to be ‘Here for good’." – Andrew Cannon Brookes (Global Head, Supply Chain Management)

"Supplier Diversity is a key pillar of our Global Diversity and Inclusion Strategy. It is essential that we have initiatives and targets to progress our internal D&I agenda, but it is also fundamental that we look more widely at the suppliers we do business with. Our business purpose is centered around giving back to the communities in which we operate, and by ensuring we have a diverse supply chain we can bring our purpose to life and have a far wider reaching impact. It is so important that diversity and inclusion run through all areas of our business.” – Maria Angelica (Global Head, Diversity & Inclusion)

Diverse supplier support & development

We are committed to supporting diverse suppliers to develop the capabilities needed to help them succeed and grow.

"I came out of the session thankful for being a part of it and determined to continue this noble work of supporting women businesses and driving overall economic sustainability in Nigeria and across other nations." – Benjamin Dike, Head of Business Banking Nigeria

Case study 

We recently ran a bootcamp (in conjunction with WeConnect) for two exciting days with women leaders in their capacities as small business owners from different sectors of the Nigerian economy...

Workers in a factory handling machinery

Our strategy

We have refreshed our Global Supplier Diversity & Inclusion strategy

Workers sat around a table having a meeting

Work with us

View our standards and get in touch with us

B20 women in business

Sign up to UN Women’s Empowerment Principles

We actively encourage all suppliers to sign up and commit to the UN Women’s Empowerment Principles within their organisations and demonstrate lasting commitment to achieving gender equality across our communities.

Our partnerships

NMSDC logo

National Minority Supplier Development Council (NMSDC)

WBENC logo

Women's Business Enterprise Council (WBENC)

WEConnect logo

WEConnect International

NGLCC logo

National LGBT Chamber of Commerce