The Sustainability Philosophy sets out how Standard Chartered integrates sustainability into its organisational decision-making and how the Bank will work with its clients, suppliers, NGOs and governments in its markets – how the Bank addresses the balance between supporting business and economic growth, and protecting the environment.
Over the coming weeks and months, the Bank will be publishing new criteria and standards which will outline clearly the type of business it will and will not do, starting with Coal.
Additionally, for the first time the Bank has made public the Prohibited Activities List, which details those activities it will not support.
Commenting on the new framework, Tracey McDermott, Group Head Corporate Affairs, Brand & Marketing, said: “We believe we have a key role to play in promoting sustainable economic growth in the communities and markets we serve. We aim to be a force for good – taking a long term view and working with our clients to improve their sustainability performance and so help to drive up standards across our markets.”
For further information please contact:
Simon Kutner, Executive Director, Group Media Relations, Standard Chartered
+44 207 885 8696