Sustainability
Sustainability
Sustainability is the core value of Standard Chartered Bank’s corporate culture. It is committed to shaping the Bank as a sustainable company, creating value for shareholders, providing quality services to customers, and contributing to the overall economy to become a positive force in the community. It is the concrete demonstration of the brand promise – “”Here for good””.
To materialize our brand promise through our behaviours, Standard Chartered revised our sustainability model to encompass 3 pillars: Sustainable Finance, Responsible Company, and Inclusive Communities.
Since May 2013, the Bank has collaborated with nonprofit organizations and government units to create “Standard Chartered Seeing is Believing (SiB) Visually Impaired (VI) Employment Platform” and titled sponsored the largest “Standard Chartered Taipei Charity Marathon” in Taiwan for years.
Starting from Q4, 2019, Standard Chartered decided to carry the legacy of SiB and launched a global charity initiative “Futuremakers” project in supporting 16-35 years old less advantaged youth with visual impairment or from low/middle income families, to help them pursue their dream careers without worries and under the preconditions of justice and equality. Standard Chartered has partnered with NGO groups, namely the Parents’ Association for the Visually Impaired (PAVI), Technology Development Association for the Disabled (TWACC) and the Garden of Hope Foundation (GOH), jointly to offer schooling relief and training courses to less advantaged youth.
To further support disadvantage youth during the pandemic, Standard Chartered Group also launched COVID-19 Recovery Fund in Taiwan to extend our commitment and provide additional supports over 1,000 females with training and coaching programmes on career development in 2023.
The results in 2023 are as follow:
To expand the publicity of the project, the “Standard Chartered Taipei Charity Marathon” called on the public, enterprises, customers, and employees to run together to do charity work and donate money to help the younger generation. On the other hand, underprivileged youths are encouraged to go out and take on the challenge of running.
In 2023, Standard Chartered Taipei Charity Marathon is back to race. Through the registration period and event day, it has achieved:
In 2023, Standard Chartered partnered with the Garden of Hope Foundation (GOH), launched 1st WiE (Women in Entrepreneurship). We aim to support and empower female-led entrepreneurs to grow, thrive and succeed in business through upskilling workshops, mentorship, and networking. We encourage female entrepreneurs to pursue their dreams and achieve social inclusion.
For more details, please check via Futuremakers公益計畫 and 渣打女力創業獎 (wiegoh.tw).
Standard Chartered employees enjoy 3 days of paid volunteer leave every year, and employees can freely choose the volunteer activities they want to participate in. The company also encourages departments to assemble group strengths to participate, to further transmit and promote the Bank’s corporate culture of caring for the society. The Standard Chartered Volunteer Service Incentive System has also been set up to publicly commend volunteer activities that are creative, perform core functions, or care for the same social welfare unit for a long time, to encourage employees to give back to the local community. In 2023 years, Standard Chartered Taiwan employees provided a total of 3,138 volunteer service days with a participant rate of 67 per cent among all employees of the Bank.
Eco Life project aims to promote sustainable environment by encouraging staff to access related information from participating educational events. As a result, staff to have accurate attitude and behaviour in the daily life.
The Bank launched two online challenges in 2020. One of the most significant was 35-Days Green Challenge Campaign that urged people to say no to plastic. Staff and public completed one green action every day, after 35 consecutive days, they contributed to local environment in a good way. In this event, a total of 1,236 staff completed all daily task, and successfully reduced over 50,000Kg carbon.
The second event of this meaningful project was Quiz – Save The Ocean, which addressed plastic pollution in the ocean. A series of quiz were given to staff and public. Before answering questions, they need to read articles that elaborating why and how the ocean to be polluted and say no to plastic is the only answer to save the ocean. In this event, over 500 staff and public completed the Quiz.
At Standard Chartered, we’re integrating sustainability into all our decision-making across our business, operations and communities. Our Sustainability Report shares the progress we have made in Taiwan around sustainability and also guides us in actions to take to reach net zero carbon emissions from our own operations by 2025, and from our financing by 2050.
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