Press release
Standard Chartered appoints Andrew Morlet as Senior Advisor, Circular Economy
Former CEO of Ellen MacArthur Foundation joins bank’s Chief Sustainability Officer Organisation to establish Circular Economy Innovation Hub
London – Standard Chartered, a global cross-border bank that connects the world’s most dynamic markets, has appointed Andrew Morlet as Senior Advisor, Circular Economy.
Andrew will support the establishment of a new Circular Economy Innovation Hub within Standard Chartered’s Chief Sustainability Officer (CSO) Organisation, as the bank expands its previously announced Innovation Hub approach, which facilitates innovation in emerging areas of sustainability that offer significant potential for scale.
Alongside the bank’s four existing Innovation Hubs – Adaptation Finance, Nature Finance, Carbon Markets and Blended Finance – the Circular Economy Hub will help to identify, facilitate and scale bankable opportunities that seek to minimise the impact of the economy on the planet’s support systems. The hub will seek to enhance global understanding of the circular economy and associated financing opportunities where they are lacking, and further strengthen areas where they already exist.
Andrew joins the bank from the Ellen MacArthur Foundation, where he spent over a decade as CEO, pioneering the development and promotion of the circular economy as a tangible, bankable solution across the global economy, playing a significant role in the concept’s rise in prominence.
Marisa Drew, Chief Sustainability Officer, Standard Chartered, said: “We’re thrilled to welcome Andrew as we expand our Innovation Hub model in response to growing demand for standardisation, policy enablement, financial solutions and expertise in the circular economy. Underpinned by a resource constrained world in transition towards renewable energy, reusable materials and less waste, the circular economy presents an opportunity to support partners and clients, building on their existing efforts in this field while fostering new solutions that will deliver tangible value in our markets.”
Andrew Morlet, Senior Advisor, Circular Economy, said: “I’m delighted to join Standard Chartered to establish the Circular Economy Innovation Hub, which will help to advance the development of financial solutions that support circular economy business growth at scale, globally. With its extensive market reach and deep innovation expertise, Standard Chartered is uniquely positioned to take a leading role in this space—helping its clients, partners, and the broader market unlock the multi-trillion-dollar value creation opportunity that the circular economy is widely recognised to represent.”
A circular economy approach means that products and materials are kept in circulation through greater focus on design and processes for increased repair, reuse, recycling, and deployment of nature positive solutions. In hard-to-abate sectors including Metals and Mining, the uptake of closed-loop recycling systems and new technology solutions that facilitate circular processes evidence growing business interest, as companies recognise the financial benefits of this approach.
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NOTES TO EDITORS
For further information please contact:
Charlotte Love
Director, Sustainability Communications