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Last update: 2016-09-12 15:38:56
Johan Frijns, BankTrack
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Despite its British base, Standard Chartered has few customers in the United Kingdom. Ninety percent of its profits come from Asia, Africa, and the Middle East. Its operations lie predominantly in former British colonies, though over the past two decades it has now expanded operations into 70 countries and territories. Standard Chartered offers a full range of banking products to consumers, private clients and business, including an extensive Islamic banking operation.
On 31 December 2015 Standard Chartered controlled assets worth USD640.48 billion.
1 Basinghall Avenue
EC2V 5DD London
Bill Winters |
Annual report 2015|
Sustainability summary 2015
listed on Bombay Stock Exchange, Hong Kong Stock Exchange, London Stock Exchange & National Stock Exchange of India
Voluntary initiativesStandard Chartered has committed itself to the following voluntary standards:
Standard Chartered's standards and policies can be found here.
BankTrack campaigns and Standard Chartered
True leader Front runner Follower Laggard
BankTrack has assessed Standard Chartered on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. Standard Chartered is assessed as a Laggard, with a total score of 1.5/12.
Implementation and reporting
Standard Chartered is reporting on the implementation here.
Contact and complaints
Equator Principles Dodgy Deals
Standard Chartered and CommBank pull out of massive Carmichael coal mine
In August, two banks ended their involvement in Adani's massive proposed Carmichael coal mine project in Australia. The project, which has been championed by Prime Minister Tony Abbott, faces an uncertain future due to legal challenges as well as its problems in attracting finance. Australia's Commonwealth Bank ended its role as advisor to the project after months of sustained community pressure, followed days later by the UK's Standard Chartered, the project's leading advisor.