Our Consumer Banking customers are involved in our efforts to reduce our environmental impact:
To support Wholesale Banking clients and understand their needs, we produced The Super-Cycle Report, which highlighted the environmental and economic consequences of increased demand for water, energy, food and other resources. The report suggested that environmental issues could act as a catalyst for technological innovation, through increased investment in the commodity producing regions of the world.
Through our research, we also follow trends in climate change policy, which is key to the environment-related investment landscape.
Benchmarking the environmental efficiency of our buildings against the property portfolio of other organisations provides us with key performance indicators (KPIs) that help us to improve our offices and branches globally. In 2010, we became a founding member of the International Sustainability Alliance (ISA), an industrial grouping of over 30 multinational corporations that are either occupiers of or investors in large real estate portfolios. ISA will establish an international standard to assess both the absolute environmental impact at the individual building level and its relative impact to the whole property portfolio of its members. Standard Chartered leads ISA’s systems development committee and actively contributes to the benchmarking and KPI committees.
As part of our commitment to the Clinton Global Initiative, we aim to mobilise USD8 billion to USD10 billion towards the financing of clean technology. Despite the impact of the financial crisis, by the end of 2010 we had reached half this target, or USD4.98 billion.
We are also included in a number of stock market indices (see below) and take part in global business environmental initiatives.
We are included in the FTSE4GOOD, the Socially Responsible Investment (SRI) Index, which has been designed to measure the performance of companies that meet globally recognised corporate responsibility standards and to facilitate investment in those companies.
Our success at managing our environmental impact has been recognised by external bodies including the Carbon Disclosure Project (CDP). The CDP promotes awareness of business implications of climate change by encouraging the world’s companies to disclose their environmental impacts. Our work in 2010 has placed us in the FTSE 350 CDP Leadership Index and FTSE 350 CDP Strategy Index.
The diversity of our markets is reflected in their different environmental concerns. As such, external engagement varies from country to country. Some examples of local engagement include: