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Climate and energy

Together, our air travel and the energy use for our buildings have the most significant impact on our direct environmental footprint. We have set both long-term and short-term targets to ensure that we maximise the potential for improvements.

Over the past three years, our GEMS buildings have shown a continual increase in energy efficiency. In 2010, through energy reduction initiatives, we recorded a six per cent energy saving with a decrease in carbon emissions per FTE from 2.53 to 2.37 tonnes of carbon dioxide equivalent (CO2-eq).


As seen in Table 1, energy consumption in our GEMS buildings decreased by 2 per cent from 330 to 324 kWh/m2 between 2009 and 2010 and the overall energy consumption for our property portfolio (ie, GEMS + rest of portfolio) was reduced by 6 per cent from 343 to 321 kWh/m2. Over the same period, absolute carbon emissions from energy use in the overall property portfolio decreased by 3 per cent from 265 to 258 kilo-tonnes of carbon dioxide equivalent.

In GEMS-only buildings, carbon emissions per FTE reduced by 18 per cent from 2.91 tonnes CO2 to 2.37 between 2008 and 2010, highlighting the success of our long-term targets.

Table 1: Our property energy consumption and carbon emissions 2008-10

  2008 2009 2010 2010 reduction
(per cent)
Energy consumption (kWh/m2 GEMS buildings) 387 330 324 2
Total energy consumption        
(GEMS + rest of portfolio) 337 343 321 6
Total Carbon Emission, (CO2-eq)        
(Scope 1 and 2) 270 265 258 3
Scope 1 = emissions from energy generated on site
Scope 2 = emissions from purchased electricity – i.e. not including air travel

As illustrated in Table 2, we differentiate energy targets between temperate and tropical regions so that climatic characteristics are taken into account in the way energy is used in our buildings. In addition, we set targets separately for properties we own and those that we lease, recognising that action can be taken more quickly in buildings that we own.

For tropical locations, which form the majority of our property portfolio, we have set more challenging energy targets in latter years. We expect that innovative, energy-efficient technologies to become increasingly available in the countries where we operate.

Table 2: Our property energy targets

Year Owned portfolio in temperate locations (kWh/m2.year) Owned portfolio in tropical locations (kWh/m2.year) Leased portfolio in temperate locations (kWh/m2.year) Leased portfolio in tropical locations (kWh/m2.year)
2008 (baseline) 398 355 398 355
2011 Target 350 350    
2014 Target 320 230    
2019 Target 320 230 320 230

Between 2009 and 2010, there was an overall decrease in energy use intensity per square metre (EUI) of up to 7 per cent for properties we owned in both temperate and tropical regions. Leased properties in temperate regions achieved a 12 per cent reduction. These were achieved despite an increase of 11 per cent in net internal area of reporting offices covered, and a rise of 24 per cent in the number of GEMS buildings that reported performance data. In a number of our buildings, there was also a significant increase in occupation density and operating hours.

Protecting the environment: Case study

Jeil Building, South Korea

The challenge for Standard Chartered Korea was to create a flag ship branch where the old and the new are contrasted in harmony by restoring the building to the original interior of the 1930s and establishing a modern banking centre at the same time.

We invested USD4.34 million to improve water and electricity consumption in our heritage Jeil Building in Seoul. The improvements to energy efficiency included the installation of solar panels to generate recyclable energy of 20 kWp per day, high-efficiency centrifugal chillers run by green refrigerants, escalator auto sensors, LED lighting for signage, motion sensor lighting system and a building management system.

To conserve water, we installed aerators on taps and water saving devices in toilets. We also introduced separate recycling waste bins to increase recycling rates.

Our strategy involved using strictly eco-friendly materials such as non-toxic paints, recycled timber wooden floors and eco-friendly carpets.

Although the renovation project increased the total space available for use by 20 per cent, we expect to save USD34,000 on costs annually as a result of a 16 per cent reduction in energy use and a 20 per cent saving on water and, most notably, the original design of our Jeil Building has been restored.

Information technology savings

Our IT operations create a significant impact on our environmental footprint. In 2010, we reviewed our ventilation and air conditioning in our owned data centres to ensure they were running efficiently. As a result, we have started a rolling programme to increase the temperature set points from 20 to 23 degrees Celsius, meaning they require less energy for cooling.

In 2010, we launched our NightWatchman power management system for desktops and laptops across our markets. The system ensures that all personal IT equipment powers down when not in use, which supports our energy reduction targets.

Air travel

In 2008, we set a challenging target to reduce travel emissions to 0.5 tonnes per FTE by 2011. In 2009 we made great strides, reducing our travel from 0.76 tonnes per FTE to 0.6 tonnes per FTE. In 2010, however, we saw an increase to 0.69 tonnes per FTE. This was largely due to a rise in business momentum following last year’s economic downturn.

We aim to bring our emissions in line with our target in 2011 by introducing stricter management on air travel and by increasing the capacity of video conferencing facilities. We will also continue to promote the use of the following technologies and initiatives introduced in 2010:

  • More than USD1 million investment in state of the art teleconferencing, including tele-presence and video conferencing facilities in key locations where air travel is high
  • The launch of the Share a Ride carpooling scheme accessible to more than 10,000 staff in Asia

The Group Technology and Operations department (GTO) has continued its efforts on the Greening your Flights Campaign to offset a percentage of air travel emissions in 2010. As part of the project, in 2010 the team planted 50,546 trees in 16 cities across 15 countries, to offset a total of 40,437 tonnes of carbon emissions.

Protecting the environment: Case study

Share a Ride

In 2010, Standard Chartered launched its first car-pooling website, Share a Ride, to help over 10,000 colleagues carpool their journeys to and from work. The portal helps match staff with people in the same area, travelling at the same time, to join up and share their journeys, thereby saving money and reducing their carbon footprint.

Started in Singapore, the Share a Ride internal portal has been extended to help staff carpool in Doha, Qatar; Jakarta, Indonesia; Chennai, Mumbai, New Delhi and Kolkata in India; Hong Kong; and Kuala Lumpur and Klang Valley in Malaysia, with plans for extension in 2011.

In India, Share a Ride has been a particular success and helped take a number of cars off the road, as many of our staff now travel in groups. Pratap Panicker from our Mumbai office describes Share a Ride as a blissful experience, saying: “I used to drive my car from Thane to 270 DN Road and back home every day, covering 80km (both ways). Since I joined Share a Ride, I have been saving money and fuel and reducing my carbon footprint. I have also gained new friends, which makes travelling more fun.”

Annual Report and Accounts 2010