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Standard CharteredUnited Kingdom

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Last update: 2024-12-17 00:00:00
Standard Chartered's head office in London. Photo: Shkuru Afshar via Wikimedia Commons (CC BY SA 4.0)

Active

This profile is actively maintained
Last update: 2024-12-17 00:00:00
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About
Website http://www.standardchartered.com
Headquarters
1 Basinghall Avenue
EC2V 5DD London
United Kingdom
CEO/chair Bill Winters
CEO
Supervisor
Bank of England
Ownership
listed on Bombay Stock Exchange, Hong Kong Stock Exchange, London Stock Exchange & National Stock Exchange of India

Standard Chartered's shareholder structure can be accessed here.

Standard Chartered originates as a merger of two banks in 1969: The Chartered Bank of India, Australia and China, and Standard Bank of British South Africa. 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. Standard Chartered offers banking products to consumers, private clients and business, including an extensive Islamic banking operation.

Sustainability
Commitments
Policies
Voluntary standards

Standard Chartered's most important sustainability commitments can be found at the website sections listed below.

Links

Approach to sustainability

Position statements

Green and Sustainable Product Framework 2024

Bank policy
2025-01-29 00:00:00 | Standard Chartered

Extractive Industries Position Statement

Effective October 2024
Bank policy
2025-01-15 00:00:00 | Standard Chartered

Thermal Coal Position Statement

Effective October 2024
Bank policy
2025-01-14 00:00:00 | Standard Chartered

Human Rights Position Statement

Effective December 2024
Bank policy
2024-12-18 00:00:00 | Standard Chartered

Environmental and Social Risk Management Framework

Bank policy
2024-11-08 00:00:00 | Standard Chartered

Climate Change Position Statement

Bank policy
2024-10-31 00:00:00 | Standard Chartered

Nature Position Statement

Bank policy
2024-10-31 00:00:00 | Standard Chartered

Agribusiness Position Statement

Bank policy
2024-10-31 00:00:00 | Standard Chartered

Chemicals & Manufacturing Position Statement

Bank policy
2024-10-31 00:00:00 | Standard Chartered

Infrastructure & Transport Position Statement

Bank policy
2024-02-26 00:00:00 | Standard Chartered

Power Generation Position Statement

Bank policy
2024-02-26 00:00:00 | Standard Chartered

Prohibited Activities

Bank policy
2024-02-26 00:00:00 | Standard Chartered

Our path to net zero

Bank policy
2022-05-01 00:00:00 | Standard Chartered

Modern Slavery and Human Trafficking Statement

Bank policy
2022-02-15 00:00:00 | Standard Chartered

Transition Finance Framework 2021

Bank policy
2021-10-28 00:00:00 | Standard Chartered

Interim targets and methodology for pathway to net zero by 2050

Bank policy
2021-10-28 00:00:00 | Standard Chartered

Net zero approach

Methodological white paper
Bank policy
2021-10-28 00:00:00 | Standard Chartered

Sustainability framework - Leading international standards

Date listed represents date accessed on website
Bank policy
2021-03-18 00:00:00 | Standard Chartered

Summary of approach on defence goods

Bank policy
2019-08-05 00:00:00 | Standard Chartered

Code of conduct

Bank policy
2018-11-22 00:00:00 | Standard Chartered

Anti-Bribery and Corruption: Summary of Policy

Bank policy
2018-11-22 00:00:00 | Standard Chartered

Anti-Money Laundering Policy: Summary of Policy

Bank policy
2018-11-22 00:00:00 | Standard Chartered

Supplier charter

Bank policy
2018-11-22 00:00:00 | Standard Chartered

Position Statement on Palm Oil

Bank policy
2017-07-31 00:00:00 | Standard Chartered
Standard Chartered has committed itself to the following voluntary standards:
Klimaschutz-Selbstverpflichtung des FinanzsektorsTags: climate change | corporate social responsibility | finance
Banking Environment InitiativeTags:
Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions
Collective Commitment to Climate Action (CCCA)Tags: climate change | corporate social responsibility | United Nations
Equator PrinciplesTags: Equator Principles | project finance | corporate social responsibility | sustainable development
Global Reporting InitiativeTags: sustainable development | human rights
Green Bond PrinciplesTags: bond issuance | investment | sustainable development
Natural Capital DeclarationTags: sustainable development | finance | natural resources | corporate social responsibility
Net-Zero Banking Alliance (NZBA)Tags: climate change | corporate social responsibility | energy | energy plants
Paris Agreement Capital Transition Assessment (PACTA)Tags: corporate social responsibility
Pegasus GuidelinesTags: aviation | corporate social responsibility
Principles for Responsible Banking (PRB)Tags: climate change | corporate social responsibility | finance | sustainable development | United Nations | Voluntary Standards
Roundtable on Sustainable Palm Oil (RSPO)Tags: agriculture | commodities | corporate social responsibility
Science Based TargetsTags: climate change | corporate social responsibility
Soft Commodities CompactTags: Deforestation | forest
Sustainable Steel PrinciplesTags: corporate social responsibility
Task Force on Climate-related Financial Disclosures (TCFD)Tags: corporate social responsibility | finance
Taskforce on Nature-related Financial Disclosures (TNFD)Tags: corporate social responsibility | finance
Thun Group on Human RightsTags: Human Rights
UNEP Finance InitiativeTags: United Nations | sustainable development
United Nations Global CompactTags: United Nations | human rights
Wolfsberg PrinciplesTags: finance | corruption
Dodgy Deals

Standard Chartered is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Standard Chartered's link to these deals.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

‘Net Zero banks’ turn their back on crucial 1.5ºC climate target

“Overwhelming majority” of Net-Zero Banking Alliance (NZBA) members seeks to loosen obligations on how to reach Paris climate goals.
2025-04-15 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

International CSOs call on banks to rule out finance for controversial Indian steel and coal project

Of 22 financiers of JSW Steel, none committed not to finance the much-opposed Utkal Steel project in Odisha
2025-03-13 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Why sustainable finance targets could mask climate inaction?

Sustainable finance targets should not be mistaken for evidence of climate action, nor should they be compared with fossil fuel financing.
2025-03-13 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

PLN is keeping Indonesia dependent on coal

Indonesia’s largest utility company continues to invest in fossil fuel expansion as major financial institutions keep bankrolling projects
2025-02-18 | Apekshita Varshney - Eko, Novita Indri - Trend Asia
Blog
BankTrack news BankTrack blog Partner news Partner blog

Adaro’s rebrand: a fresh green look for the same dirty coal business

Why banks should still steer clear of the new PT Alamtri Resources Indonesia
2025-02-05 | Camilla Perotti – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Elk Valley in Canada: With money from global banks, Glencore sacrifices entire mountain ranges for coal, polluting the water irreversibly.

But the Ktunaxa Nation is fighting back
2025-02-04 | BankTrack, ING Fossielvrij, Wildsight
Blog
BankTrack news BankTrack blog Partner news Partner blog

Mozambique LNG: Financial institutions so far refrain from taking a stance on allegations of severe human rights violations associated with the project

2025-01-22 | BankTrack, urgewald, Friends of the Earth Europe, Friends of the Earth Japan, Friends of the Earth United States, Justiça Ambiental (JA!)/Friends of the Earth Mozambique, Les Amis de la Terre France, Milieudefensie, Reclaim Finance, ReCommon
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks urged to refuse MUFG’s call to finance Papua LNG

2024-12-18 | ActionAid Australia, Centre for Environmental Law and Community Rights (CELCOR), Friends of the Earth Japan, Japan Center for Sustainable Environment and Society (JACSES), Jubilee Australia Research Centre, Market Forces, Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Adaro’s coal spin-off: growing a climate conscience or simple greenwashing?

Indonesia’s coal giant Adaro is desperately trying to show itself as a leader in energy transition, but investors should remain cautious of reputational and financial risks.
2024-11-28 | Apekshita Varshney - Eko, Camilla Perotti – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Adaro forced to sell its thermal coal business unit facing difficulties in raising finance

2024-11-28 | Jakarta | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Most large banks still failing to implement UN human rights principles, new BankTrack benchmark finds

Despite gradual progress, banks show little action in addressing impacts, protecting vulnerable groups and supporting affected communities.
2024-11-27 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

‘The land belongs to Mozambicans, not to France’

Two week long protest continues against TotalEnergies and its Mozambique LNG gas project for resettlement violations in Afungi Communities, Palma District, Cabo Delgado, Mozambique
2024-11-15 | Justiça Ambiental (JA!)/Friends of the Earth Mozambique
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major ‘coal banks’ refuse to stop financing coal power boom in Asia

To stop a wave of new coal development across Asia, the End Coal Finance coalition is asking likely financiers to pledge not to back new coal power projects.
2024-11-14 | Nijmegen | BankTrack, Inclusive Development International, Recourse
BankTrack news BankTrack blog Partner news Partner blog

European banks channel $230bn to fossil fuel expansion

Banks using transition finance ‘to maintain business as usual’ with fossil fuel companies, non-profits claim
BankTrack mentioned
2024-11-08 | The Banker
Blog
BankTrack news BankTrack blog Partner news Partner blog

European banks’ on-going support for fossil fuels is blocking energy transition

2024-11-07 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks’ low-ambition and incoherent climate targets put net zero goals at risk – new ShareAction analysis

2024-11-05 | ShareAction
BankTrack news BankTrack blog Partner news Partner blog

‘You only go to the party if everyone is going’: finance bosses to skip COP29

Business expectations lowered for summit to be held in Baku next month
2024-10-08 | Financial Times
Blog
BankTrack news BankTrack blog Partner news Partner blog

Energy supply financing ratios: the next milestone in banks’ climate strategy

The energy supply financing ratio is a key indicator that synthesizes two major challenges in limiting global warming to 1.5°C: the phase-out of fossil fuels and the development of sustainable alternatives.
2024-10-07 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

TotalEnergies and financial markets: Financial institutions engaged for decades of pollution

2024-09-30 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

International NGOs call for immediate official investigation into reports of series of atrocities committed by Mozambican security forces near TotalEnergies’ Mozambique LNG premises

2024-09-27 | BankTrack, Friends of the Earth Europe, Friends of the Earth Japan, Friends of the Earth US, Justiça Ambiental (JA!)/Friends of the Earth Mozambique, Les Amis de la Terre France, Milieudefensie, Reclaim Finance, ReCommon
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks must overhaul climate targets to deliver emissions cuts, new analysis finds

Reclaim Finance is urging banks to rethink their targets, and in particular to jettison the widely used “financed emissions” and “facilitated emissions” targets.
2024-09-19 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Frontline communities take the stage at bank AGM’s

AGMs remain crucial for community grievances, while executives seek to limit activist shareholder participation
2024-07-30 | Nijmegen, The Netherlands | Deniz Ozkil – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack set to publish 2024 Global Human Rights Benchmark in November

50 of the world’s largest banks were invited to provide feedback on draft assessments of their human rights disclosures
2024-07-23 | Nijmegen, Netherlands | Giulia Barbos – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Gulf Coast residents and major organizations call on financial institutions to phase out financing of LNG projects in the Rio Grande Valley

“We will hold any financial institutions that choose to support these projects accountable for such impacts.”
2024-07-22 | New York City | Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

NZBA misses the target on steel: Banks must step up decarbonization efforts

Long awaited guidance will not stop climate chaos
2024-07-08 | Cynthia Rocamora, Reclaim Finance, Julia Hovenier – BankTrack, Paddy McCully, Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

European financial institutions invest billions in arms companies that sell weapons to Israel

2024-06-20 | BankTrack, 11.11.11-Koepel van Internationale Solidariteit, Association France Palestine Solidarité, Cairo Institute for Human Rights Studies (CIHRS), Centre National de Coopération au Développement, European Coordination of Committees and Associations for Palestine, European Legal Support Center, European Trade Union Network for Justice in Palestine, Fagforbundet - Norwegian Union of Municipal and General Employees, FairFin, Handel og Kontor i Norge (HK Norway), International Federation for Human Rights (FIDH), Intersindical Alternativa de Catalunya, Landsorganisasjonen i Norge, Norwegian People, Palestine Solidarity Campaign, PAX, The Rights Forum, Trocaire
Blog
BankTrack news BankTrack blog Partner news Partner blog

Environmental and Social policies of major Amazon oil and gas financiers fail to protect the Rainforest and its peoples

New report reveals that only one of the top six banks financing oil and gas extraction in the Amazon has an effective policy to protect the region
2024-06-11 | San Francisco (Chochenyo and Karkin Ohlone Lands) | Coordinating body of Indigenous Organizations of the Amazon River Basin (COICA), Stand.earth
Blog
BankTrack news BankTrack blog Partner news Partner blog

Biggest banks finance more carbon pollution than emissions of Italy, Germany, France and UK combined

New report by ReCommon exposes carbon pollution financed by the world’s biggest banks ahead of G7 finance ministers meeting
2024-05-21 | Rome, Italy | ReCommon
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks financed fossil fuels by $6.9 trillion dollars since the Paris Agreement; $705 billion provided in 2023 alone; JPMorgan Chase, Mizuho, and Bank of America are worst 3 funders

Annual Banking on Climate Chaos report with an updated methodology offers comprehensive look at who’s bankrolling the climate crisis
2024-05-13 | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Environmental activists and shareholders accuse Standard Chartered of being complicit in environmental destruction

UK Climate Choir evokes Taylor Swift in demanding the bank halt financing of fossil fuel projects
2024-05-10 | London | BankTrack, Center for Energy, Ecology and Development (CEED), Say No To Gas in Mozambique, The Climate Choir Movement
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks have not quit coal, 8 years after the Paris Agreement

Banks in China dominate global coal financing; those in Indonesia are outliers in having increased finance for coal since 2016
2024-05-03 | Nijmegen | Will O'Sullivan – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

NGOs call on banks and investors to cut TotalEnergies’ main source of finance

Some 60 NGOs from around the world signed an open letter calling on banks and investors to stop participating in bonds issued by TotalEnergies
2024-04-10 | Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

Steel Sector Financiers Disclose Climate Alignment for the First Time — and There’s More Work to Do

Findings from the first Sustainable STEEL Principles report
2024-03-27 | RMI
Blog
BankTrack news BankTrack blog Partner news Partner blog

The banks financing dirty steel

The world’s major banks continue to support the largest and most polluting steel producers
2024-03-26 | Paris, France | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

UK’s Standard Chartered assailed for financing Philippines coal boom

BankTrack, the Philippines Movement for Climate Justice, Inclusive Development International and Recourse file NCP complaint over bank's coal financing
2024-02-29 | Manila | BankTrack, Inclusive Development International, Philippines Movement for Climate Justice, Recourse
BankTrack news BankTrack blog Partner news Partner blog

Standard Chartered targeted in complaint over coal plant funding

NGOs file complaint with UK government office, say four coal plants damaged the environment, human rights; Follows IFC investigation that accepted negative impacts
BankTrack mentioned
2024-02-29 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

We’re calling on banks to do their part to stop POSCOs coal expansion

Unless POSCO scraps its relining plans, banks should rule out future finance for the Korean steelmaker
2024-02-27 | BankTrack, Solutions for Our Climate
Blog
BankTrack news BankTrack blog Partner news Partner blog

Financiers warned of huge risks to communities and biodiversity as Rio Tinto approves world’s biggest mining project

2024-02-26 | Accra, Ghana and Nijmegen, Netherlands | BankTrack, Advocates for Community Alternatives (ACA)
Blog
BankTrack news BankTrack blog Partner news Partner blog

New EACOP Finance Risk Update highlights numerous risks for financiers exposed to oil pipeline

2024-02-12 | BankTrack, AFIEGO, Both ENDS, Inclusive Development International, Insure our Future, Just Share
BankTrack news BankTrack blog Partner news Partner blog

Asia’s top banks are still financing coal due to massive loopholes: report

Despite major Asian banks, namely in Singapore and Japan, announcing coal exclusions in recent years, growing captive coal power in Indonesia and lax restrictions on corporate finance to developers offer new coal financing “havens”, a study finds.
BankTrack mentioned
2024-01-23 | Eco-Business
Blog
BankTrack news BankTrack blog Partner news Partner blog

Coal Havens - Asia’s biggest banks still open for coal business after COP28

The largest banks in India and Indonesia – global hotspots of the coal industry's growth – have no coal exclusion policy
2024-01-23 | Will O'Sullivan – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Decarbonizing steel: ING first bank to act

2024-01-09 | BankTrack, Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

POSCO is relining coal-based steel furnaces to prolong their lifetimes. This jeopardises its financiers' climate commitments.

Financiers of POSCO should be wary of capital expenditures that are misaligned with climate commitments
2023-12-18 | Julia Hovenier – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

67 organisations call on banks to cease financing metallurgical coal

Banks risk stranded assets & climate catastrophe in steel lending without metallurgical coal exclusions
2023-12-07 | Nijmegen | BankTrack, Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

UK banks providing billions in financing to big livestock corporations responsible for higher greenhouse gas emissions than UK and Ireland

2023-12-01 | Feedback
BankTrack news BankTrack blog Partner news Partner blog

Exclusive: Four banks quit initiative assessing climate targets

Four major banks, including Standard Chartered Plc (STAN.L) and HSBC Plc (HSBA.L), have quit the Science Based Targets Initiative (SBTi)
2023-11-29 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

Europe’s top 20 banks need to be clearer, cleaner and greener

Europe’s largest banks’ green finance targets and reporting risk misleading customers and investors – new ShareAction research
2023-11-22 | ShareAction
Blog
BankTrack news BankTrack blog Partner news Partner blog

124 civil society organisations call on financial institutions to withdraw support for TotalEnergies’ Mozambique LNG project

2023-11-17 | BankTrack, and partners, Justiça Ambiental (JA!)/Friends of the Earth Mozambique, Les Amis de la Terre France, Milieudefensie, Reclaim Finance, ReCommon
BankTrack news BankTrack blog Partner news Partner blog

Environmental groups urge funding halt for TotalEnergies' Mozambique project

2023-11-17 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

Sustainable power: banks must step up a gear

A new tracker launched today by 13 NGOs, including Reclaim Finance and BankTrack, reveals the biggest global banks do not have the basic policies and financing targets needed to support decarbonization of the power sector.
2023-10-24 | BankTrack, Bank on our Future, Beyond Fossil Fuels, Climate Action Network France, Finance Watch, Friends of the Earth France, Make My Money Matter, Rainforest Action Network, Reclaim Finance, ReCommon, ShareAction, Sierra Club, WWF
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report and blog: Barclays' bond with Adani

For the sake of the climate, human rights - and for its own good - Barclays should cut ties with Adani after the company's recent scandals
2023-09-18 | BankTrack, The Sunrise Project
Blog
BankTrack news BankTrack blog Partner news Partner blog

Insider trading scandal should serve as the ultimate red line for Adani's financial backers

Toxic Bonds Network calls on financial institutions to stop supporting Adani or be considered complicit in its deception
2023-08-31 | The Sunrise Project
Blog
BankTrack news BankTrack blog Partner news Partner blog

Decarbonization: steel not making the cut

Analysis by Reclaim Finance shows that few financial institutions have steel targets, and that those that have been adopted are riddled with flaws
2023-08-23 | Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

Exclusive: Banks vote to limit accounting of emissions in bond and stock sales

Banks back accounting for 33% of capital market-linked emissions. Environmental advocates push for 100% attribution. PCAF board expected to back the 33% weighting, ending delays.
2023-07-31 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

Policy analysis report: Moving away from mass destruction

2023-07-27 | ICAN, PAX
Blog
BankTrack news BankTrack blog Partner news Partner blog

The Sustainable Steel Principles: One step forward when leaps are needed

Banks must commit to more on fossil-free steelmaking than just measuring and disclosing financed emissions
2023-07-13 | Nijmegen, The Netherlands | Julia Hovenier – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks committed to net zero still funding North Sea oil expansion by Equinor

Over 60 organisations have written to Equinor's biggest bankers warning them not to fund the company's controversial Rosebank oil field due to climate risks.
2023-07-04 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Challenging banks on their Dodgy Deals this AGM season

Our AGM wrap up blog
2023-06-27 | Natasha Ion – BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Indonesian coal giant Adaro’s ‘sustainable’ smelter slammed as ‘greenwashing’

2023-06-15 | Mongabay
Blog
BankTrack news BankTrack blog Partner news Partner blog

Philippines communities are fighting back against gas & LNG build-out in the Verde Island Passage

The region has been designated to become the epicenter of fossil fuel expansion in Southeast Asia
2023-05-25 | BankTrack, Center for Energy, Ecology, and Development (CEED), Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Standard Chartered refuses financing for controversial $5 billion Ugandan oil pipeline

The decision is particularly significant as the bank had previously confirmed that it was undertaking due diligence on financing for the project
2023-05-02 | Kampala, Uganda | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Financing mining for transition minerals in South Africa: Are banks doing enough on human rights?

New briefing finds banks linked to companies extracting transition minerals are overlooking serious human rights and environmental concerns
2023-04-26 | Business & Human Rights Resource Centre
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Canadian bank RBC the #1 financier of fossil fuels, world’s biggest banks continued to pour billions into fossil fuel expansion

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2023-04-13 | San Francisco | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Financial and reputational risks of EACOP pile up amidst growing opposition to project

EACOP: Finance Risk Update No. 4
2023-04-12 | BankTrack, AFIEGO, Both ENDS, Center for International Environmental Law (CIEL), Inclusive Development International, Insure our Future, Just Share
BankTrack news BankTrack blog Partner news Partner blog

Exclusive: Split delays carbon accounting plan on banks' capital market deals -sources

Deal on capital markets emissions accounting delayed, some reluctant to book 100% emissions linked to deals.
2023-03-24 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

Who dares to finance Eni and Exxon’s dangerous Rovuma gas plans in Mozambique?

Two banks made clear they will avoid financing Rovuma LNG, but plenty remain in the frame.
2023-03-20 | BankTrack, Justiça Ambiental (JA!)/Friends of the Earth Mozambique, Les Amis de la Terre France, ReCommon
Blog
BankTrack news BankTrack blog Partner news Partner blog

Mozambique shows how JPMorgan Chase and other banks back war and climate chaos

New Banking on Climate Chaos case study
2023-03-16 | BankTrack, Justiça Ambiental (JA!)/Friends of the Earth Mozambique, Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Global protests against multinational banks funding East African Crude Oil Pipeline

2023-02-22 | BankTrack, #StopEACOP, 350.org
BankTrack news BankTrack blog Partner news Partner blog

Indonesia’s Adaro struggles to secure funding for $2bn aluminium project

Climate campaigners condemn plans for 2.2GW coal power plant to fuel new smelter
2023-02-07 | Financial Times
Blog
BankTrack news BankTrack blog Partner news Partner blog

Throwing fuel on the fire: GFANZ members provide billions in finance for fossil fuel expansion

2023-01-17 | Paris, France /Nijmegen, Netherlands | BankTrack, Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Europe’s largest banks falling short on climate and biodiversity action

New ShareAction research uncovers urgent need for UK and European banking sector to close loopholes in climate and biodiversity strategies
2022-12-12 | ShareAction
Blog
BankTrack news BankTrack blog Partner news Partner blog

European financial institutions heavily invested in companies involved in illegal Israeli settlements

725 European Financial Institutions found to provide billions of dollars in finance to companies operating in Israel's illegal settlement enterprise
2022-12-05 | Brussels | Don't Buy Into Occupation
Blog
BankTrack news BankTrack blog Partner news Partner blog

New human rights assessment of banks shows slow progress and lack of action to address key gaps on reporting and remedy

BankTrack’s 2022 Global Human Rights Benchmark finds reporting at a standstill, remedy still lacking and no clear leaders
2022-11-17 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Standard Chartered & COP27 in Egypt: Locking Africa out of a Just Transition

2022-11-09 | Natasha Ion – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

The Equator Principles have two big problems: a fossil-fuel problem and an accountability problem

Either they get solved at the annual meeting of signatories starting today in Seoul, or the principles risk fading into irrelevance
2022-10-17 | Margaux Day - Accountability Counsel, Natalie Bugalski - Inclusive Development International, Ryan Brightwell – BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Finance groups risk being kicked out of Mark Carney-led climate coalition

2022-08-22 | London, UK; and Boston, USA | Financial Times
Blog
BankTrack news BankTrack blog Partner news Partner blog

Jackdaw shows once again Shell is failing on climate. So why are its bankers failing to act?

2022-07-19 | The Hague, The Netherlands | Sumeyra Arslan – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks have arranged US$2.7 trillion in bonds for fossil fuel companies

2022-07-12 | Australia | The Sunrise Project
Blog
BankTrack news BankTrack blog Partner news Partner blog

New Report: Financing a Fossil Future – Tracing the Money Pipeline of Fossil Gas in Southeast Asia

Southeast Asia is spiraling into a fossil future thanks to a massive fleet of gas projects
2022-06-03 | Center for Energy, Ecology, and Development (CEED)
Blog
BankTrack news BankTrack blog Partner news Partner blog

Climate groups call on Shell’s bankers to stop Jackdaw gas field

UK government’s regulatory approval opens the door for Shell to move ahead with the Jackdaw field
2022-06-03 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

U turn? MNC banks now okay with Adani 'interest' in emissions-intensive industry

2022-06-02 | Counterview
Blog
BankTrack news BankTrack blog Partner news Partner blog

Standard Chartered and Barclays fund Adani’s coal mining subsidiary

Both banks have previously stated they would not participate in financing the company's controversial coal enterprise
2022-05-19 | Australia | Market Forces
Blog
BankTrack news BankTrack blog Partner news Partner blog

12 banks lend $8 billion to oil and gas expansionist TotalEnergies

2022-05-13 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Standard Chartered’s 2022 AGM dominated by shareholder alarm over fossil financing

2022-05-04 | London | Neil Simpson – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Standard Chartered AGM – shareholders rebel against management on climate change

Nearly 12% of shareholders vote for Market Forces / Friends Provident Foundation resolution
2022-05-04 | Market Forces
Blog
BankTrack news BankTrack blog Partner news Partner blog

Standard Chartered funded fossil fuel projects in 2021 that will emit five times the entire UK’s annual emissions

2022-04-27 | Adam McGibbon – Market Forces
Blog
BankTrack news BankTrack blog Partner news Partner blog

Standard Chartered Bank hit with protests on opposite sides of the world as fossil fuel vote approaches

It's the only UK bank facing a shareholder-proposed climate change resolution at its AGM this year
2022-04-19 | Jakarta, Kalimantan, London | Market Forces
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks injected USD 37.7 billion in mining companies at risk of causing forest destruction and human rights violations

2022-04-12 | Forests & Finance Coalition
Blog
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New report: Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2022-03-30 | San Francisco, Bemidji, Nijmegen, Oakland, Paris, Sassenberg, Washington DC | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club, Urgewald
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Net zero vs zero ambition - the choice at Standard Chartered AGM

No further update on last year's climate policy, as rival banks leave Standard Chartered isolated on climate
2022-03-29 | United Kingdom | Market Forces
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What the war in Ukraine teaches us

Lessons for European governments, companies and financiers - a Profundo Expert View
2022-03-04 | Jan Willem van Gelder - Profundo
Blog
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At least $132 billion in finance for fossil fuels is locking Africa out of a Just Transition, shows new report

African countries kept in fossil fuel stranglehold by Overseas money
2022-03-03 | BankTrack, 350.org Africa, AFIEGO, Africa Coal Network, Alerte Congolaise pour l’Environnement et les Droits de l’Homme (ACEDH), Alliance for Empowering Rural Communities (AERC), Centre for Alternative Development (CAD), Environment Governance Institute (EGI), Friends of the Earth Ghana, Friends of the Earth Mozambique, Friends of the Earth Togo, Innovation for the Development and Protection of the Environment (IDPE), Laudato Si, Lumière Synergie pour le Développement (LSD), Milieudefensie, Oil Change International, Save Okavango (SOUL), Solidarité pour la Réflexion et Appui au Développement Communautaire (SORADEC), Synergie de Jeunes pour le Développement et les Droits Humains (SJDDH), Women Environmental Programme Nigeria, WoMin, Zimbabwe Environmental Law Association (ZELA)
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Investor briefing: aligning financing with net zero by 2050 commitment

2022-02-16 | Australia | Market Forces
Blog
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Who will finance the East African Crude Oil Pipeline?

Fifteen banks are out, but who is in? JPMorgan, Deutsche Bank, MUFG and Natixis are among those with questions to answer.
2022-02-10 | Ryan Brightwell – BankTrack
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Repeat offenders NAB, ANZ and Westpac bankrolling “bet against the Paris Agreement”

NAB, ANZ and Westpac are among 18 global banks that have loaned to a gas processing facility that paves the way for a carbon bomb at the scale of 15 coal power stations.
2022-01-20 | Market Forces
Blog
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Banks failing to address severe human rights impacts transparently, finds BankTrack research

Findings reinforce the need for regulators to ensure access to effective remedy for people affected by bank finance
2021-12-14 | Nijmegen | BankTrack
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Before the Flood: The dam that threatens one of Africa’s oldest national parks

Report reveals Chinese dam builder’s financial ties to banks and asset managers including Industrial and Commercial Bank of China, Standard Chartered, Société Générale, BlackRock and Vanguard.
2021-12-08 | Global Witness
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Climate groups call out banks lobbying for watered down Net Zero Commitments

Stop the Money Pipeline organizations respond to news that on behalf of a group of 12 banks, HSBC lobbied Mark Carney’s GFANZ to scrap mandatory science-based targets and delay a deadline.
2021-11-09 | New York | BankTrack, Stop the Money Pipeline
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Meet the banks funding the owners of the Cambo oil field

New research shines a spotlight on the banks backing Shell and Siccar Point Energy
2021-10-29 | #StopCambo
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Standard Chartered’s new climate policy aims for failure

Announced on the eve of the COP26 climate summit in Glasgow, Standard Chartered Bank’s new climate policy upholds the bank’s status as a climate laggard, according to environmental finance organisation Market Forces
2021-10-28 | Market Forces
Blog
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Equator Banks involved in financing at least 200 fossil fuel projects since Paris

BankTrack research sheds new light on finance for fossil fuels by Equator banks
2021-10-26 | BankTrack
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‘Wreckers of the Earth’: 300 London-based companies destroying the planet

2021-10-14 | Corporate Watch
Blog
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Standard Chartered shareholders challenge bank to live up to net zero promise on fossil fuels

2021-10-07 | Market Forces
Blog
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New report exposes billions in European financial support to companies in illegal Israeli settlements

2021-09-29 | Don't Buy Into Occupation
Blog
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Fossil Banks No Thanks demands banks commit to end fossil fuel finance before Glasgow Climate Summit

210+ groups support urgent call to action
2021-09-23 | BankTrack
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Letter from ClientEarth to 17 banks regarding the Cambo oil field

2021-09-14 | ClientEarth
Blog
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North Sea oil field development shows banks’ hypocrisy over climate

ClientEarth sends letter to 17 banks urging them to stop financing Shell and Siccar Point Energy, the companies pushing for the Cambo oil field
2021-09-14 | ClientEarth
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European banks storing €20bn a year in tax havens

2021-09-06 | The Guardian
Blog
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New research puts big banks’ sustainability claims in doubt

While 20 of Europe’s 25 largest banks have pledged to reach net-zero emissions by 2050, none have matched these long-term ambitions with comprehensive plans to avert climate change and biodiversity loss
2021-09-06 | London | ShareAction
Blog
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Deutsche Bank, JPMorgan and Standard Chartered break promise and loan US$1 billion to Adani coal miner

2021-08-20 | Market Forces
Blog
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East African Crude Oil Pipeline: new update on risks and impacts for financiers

2021-08-09 | Nijmegen | BankTrack
Blog
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USD 4.2tn investors call on leading banks to strengthen climate ambitions before COP26

Investors including Fidelity International and M&G Investments call on banks to demonstrate their climate credentials by committing to phase out coal finance before COP26
2021-07-07 | London | ShareAction
Blog
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Banks called upon to take action to protect biodiversity ahead of UN Biodiversity Conference in Kunming

Civil society organizations urge banks to adopt stringent “No Go” policy for biodiversity rich areas
2021-05-26 | Nijmegen | BankTrack
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Activists target Liverpool FC sponsor Standard Chartered over fossil fuel links

Posters demand ‘red card’ for football club’s sponsor as hoax website ‘announces’ end of UK bank’s support for coal
2021-05-11 | The Guardian
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Standard Chartered accused of hypocrisy over climate change

2021-05-10 | Financial Times
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UK banks’ support for coal industry has risen since 2015 Paris climate pact

2021-05-04 | The Guardian
Blog
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The City of London, home of coal finance

Just six months before it hosts the crucial COP26 summit, the UK’s climate leadership has been called into question by a damning new report from Reclaim Finance
2021-05-04 | urgewald, Reclaim Finance
Blog
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New bank climate initiative fails to grasp urgent need to end finance for fossil fuels

Civil society statement on the launch of the Net-Zero Banking Alliance
2021-04-22 | Nijmegen | BankTrack, urgewald, Amazon Watch, Bank on our Future, Indigenous Environmental Network, Market Forces, Positive Money, Rainforest Action Network, Reclaim Finance, ShareAction, Sierra Club
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Leading finance firms sign up to Mark Carney forum on low-carbon investment

2021-04-21 | The Guardian
Blog
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Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement

Even amidst the global economic downturn, fossil fuel financing numbers were higher in 2020 than 2016
2021-03-24 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
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Over 260 organisations call on banks not to finance Total’s East African Crude Oil Pipeline

With a final investment decision nearing, African and International organisations warn banks against joining $2.5 billion loan for a “manifestly irresponsible” project • New stopeacop.net campaign website launched.
2021-03-01 | International | BankTrack, 350.org Africa, AFIEGO, Inclusive Development International, IUCN NL
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Cambodia: Communities impacted by Lower Sesan 2 Hydropower Project seek IFC dispute resolution process; Companies' responses

2021-02-22 | BHRRC
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Fridays for Future: Standard Chartered Must Stop 'Fueling the Climate Crisis'

2021-02-18 | Vice UK
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Banking beyond deforestation

How the banking industry can help halt and reverse deforestation
2021-01-18 | Cambridge Institute for Sustainability Leadership
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Big banks lead SBI bond despite Adani controversy

2021-01-06 | Global Capital
Blog
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Six years of the Soft Commodities Compact failed to slow bank finance for deforestation

New BankTrack research shows need for banks to move beyond certification requirements
2020-12-01 | Nijmegen | BankTrack
Blog
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Equator Banks fail communities on consultation and grievance mechanisms, new study finds

BankTrack research into nine projects financed ‘under Equator’ finds routine failures to conduct proper community consultation and a lack of effective project-level grievance mechanisms
2020-11-24 | Nijmegen | BankTrack
Blog
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Barclays, HSBC and Credit Suisse among worst offenders on oil sands finance

ShareAction says Barclays has participated in 11 loan and bond deals to oil sands companies since its net zero announcement in March
2020-10-29 | London | ShareAction
Blog
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A call to action on the Principles for Responsible Banking: End climate-destructive financing now

2020-10-20
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HSBC and other banks set climate targets for loans and investments

2020-10-01 | Bloomberg
Blog
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Principles for Responsible Banking no obstacle to finance climate destruction

Twenty PRB banks provided over US$1.25 trillion in fossil fuel financing since Paris Agreement
2020-09-22 | Nijmegen | BankTrack, Rainforest Action Network
Blog
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New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
Blog
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Equator Principles requirements missing for most projects, finds new BankTrack study

Research into 37 projects financed 'under Equator' finds project-level grievance mechanisms or stakeholder engagement processes cannot be evidenced in 65% of cases
2020-08-11 | BankTrack
Blog
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Could financial sector vigilance have avoided Vizag gas leak?

India must make Environment, Social and Governance accountability mandatory so that lenders are responsible towards tax payers
2020-07-01 | Shreya Kaushik, Fair Finance India
Blog
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Global finance sector failing to apply conservation criteria to pulp and paper funding

2020-03-21 | New York/Amsterdam | Environmental Paper Network
Blog
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Banking on Climate Change – Fossil Fuel Finance Report Card 2020

New report reveals global banks funneled USD 2.7 trillion into fossil fuels Since Paris Climate Agreement, with financing on the rise each year 
2020-03-18 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

HSBC exits Vinh Tan 3 coal power project in Vietnam

2020-01-24 | Eco-Business
Blog
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Standard Chartered announces exit from three coal plant projects and phase-out of corporate support for coal

2019-12-17 | London, UK | BankTrack, Market Forces
BankTrack news BankTrack blog Partner news Partner blog

Big European banks face call to end funding for firms building coal-fired plants

BankTrack mentioned
2019-12-05 | Reuters
Blog
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Big four UK banks providing billions for coal power expansion, urged to ‘clean up their acts’ for Glasgow COP

2019-12-05 | London, UK | BankTrack, urgewald, 350.org
Blog
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4 out of 5 banks failing on human rights, new BankTrack Human Rights Benchmark shows

Lloyds, Bank of America, Goldman Sachs and Société Générale among the poorest performers in BankTrack ranking, alongside Canadian and Chinese banks
2019-11-26 | BankTrack
Blog
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Standard Chartered's coal deals undermine leadership of Equator Principles

2019-11-18 | Market Forces, BankTrack
Blog
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Revealed: major banks and investors including Barclays, JPMorgan Chase, Goldman Sachs, Morgan Stanley, BlackRock are pouring money into global forest destruction

New investigation by Global Witness uncovers for the first time a truly global picture of major financial players driving $44 billion into companies directly or indirectly involved in deforestation in the Brazilian Amazon, the Congo Basin and Papua New Guinea.
2019-09-23 | Global Witness
Blog
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BankTrack 2019 Human Rights Benchmark: criteria and scope announced

2019-06-25 | Nijmegen | BankTrack
Blog
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Overly underwhelming - a reflection on Fossil Banks’ AGM season

2019-06-19
Blog
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Citigroup cancels financing of Indonesian food giant Indofood over palm oil labor abuses

Major Asian, European banks and US brands still linked to controversial company
2019-06-18 | San Francisco, CA | Rainforest Action Network
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Standard Chartered fined $1.1bn for money-laundering and sanctions breaches

2019-04-09 | The Guardian
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Global Banks, Led by JPMorgan Chase, Invested $1.9 Trillion in Fossil Fuels Since Paris Climate Pact

2019-03-20 | Desmogblog.com
Blog
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Banking on Climate Change – Fossil Fuel Finance Report Card 2019

World's top banks have poured $1.9 trillion into fossil fuel financing since the Paris Agreement was adopted, with financing on the rise each year
2019-03-20 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
Blog
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Every two weeks a bank, insurer or lender announces new coal restrictions

Major financial institutions restricting coal funding tops 100
2019-02-27 | IEEFA
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Standard Chartered tries to have it both ways on coal

2019-01-21 | Asia Times
Blog
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Trans Adriatic Pipeline: France provides massive financial support to controversial gas project

2019-01-17 | Paris, France | Les Amis de la Terre
Blog
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Banks massively financing fossil fuels unclear about future of ... fossil fuels

Few banks acknowledge relation between fossil fuels and climate breakdown
2018-12-20 | Nijmegen
Blog
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COP24: New research reveals the banks and investors financing the expansion of the global coal plant fleet

Japanese banks top lenders, Chinese banks top underwriters; US companies biggest institutional investors in the coal plant pipeline
2018-12-05 | Katowice, Poland | BankTrack, urgewald
Blog
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Major banks are failing Vietnam by violating Equator Principles commitments in financing coal power projects

2018-10-11 | Market Forces
BankTrack news BankTrack blog Partner news Partner blog

We’ve created a new Sustainable Finance team

2018-10-11 | Standard Chartered
BankTrack news BankTrack blog Partner news Partner blog

Standard Chartered to stop financing new coal power plants

2018-09-25 | Bloomberg
Blog
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One step beyond coal - New policy move from Standard Chartered welcomed

2018-09-25 | Nijmegen, the Netherlands | BankTrack
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The power of finance to slow new coal plants

2018-08-29 | Asia Times
Blog
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Ad urging Standard Chartered to stop funding dirty coal published across Asia

2018-08-23 | Market Forces
Blog
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HSBC and Standard Chartered accused of “rank hypocrisy” for financing of highly polluting coal projects whilst publicly supporting Paris Climate Agreement

Two major British banks are helping to finance coal-fired power stations that will emit more carbon dioxide than the annual emissions of 69% of the world’s countries, a new Global Witness report reveals
2018-07-23 | London | Global Witness
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Coal turns up heat on Standard Chartered

2018-07-23 | The Times
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HSBC, Standard Chartered making a killing on coal in SE Asia

2018-07-04 | Asia Times
BankTrack news BankTrack blog Partner news Partner blog

Standard Chartered wants to fund dirty coal-fired power stations in Vietnam

2018-06-14 | Market Forces
Blog
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Powering past coal? Top UK banks are passing the buck

2018-05-24 | BankTrack
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Rainforest Action Network Responds to New Standard Chartered Climate Policy

2018-05-04 | RAN
BankTrack news BankTrack blog Partner news Partner blog

Standard Chartered raises security ahead of annual meeting

2018-05-03 | Financial Times
Blog
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Smoke and mirrors - world's top banks on notice to slash support for coal power development

2018-04-05 | Greig Aitken – BankTrack
Blog
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Report finds major banks ramped up fossil fuel financing to $115 billion in 2017

Despite 2017 being the costliest year on record for weather disasters, new report reveals that banks increased extreme fossil fuel financing last year, led by a more than doubling in lending to tar sands companies and pipelines.
2018-03-28 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

Standard Chartered ‘breaching climate policy’ with Vietnam coal plant investment

2018-02-14 | Climate Home News
Blog
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Standard Chartered declines financing Nghi Son 2 coal-fired power plant

2018 | BankTrack
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Banks criticised for funding coal deals despite Paris agreement

BankTrack mentioned
2017-12-11 | Financial Times
Blog
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Big banks complicit in massive tar sands destruction and pollution through hundreds of billions in financing

2017-11-02 | Rainforest Action Network
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Standard Chartered fails to protect forests

2017-08-09 | Greenpeace UK
Blog
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TCFD: banks supporting better disclosure are not the ones exiting coal project finance

Bank support for FSB Task Force recommendations is welcome, but reveals lack of joined-up thinking
2017-07-31 | Ryan Brightwell – BankTrack, Yann Louvel – BankTrack
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How Standard Chartered is funding forest destroyers

2017-07-26 | Greenpeace UK
Blog
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New report: HSBC a ‘crucial link in the chain’ of Palestinian oppression says War on Want

2017-07-12 | War on Want
Blog
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More black marks for coal-hungry UK banks in latest Report Card

Barclays and HSBC increased finance for coal power in 2016, despite claims to support Paris Agreement
2017-07-10 | Greig Aitken – BankTrack
Blog
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Banks provide billions for Dirty Diesel traders while failing to act on human rights, says new briefing

- Oil traders Trafigura and Vitol received over $100 billion in loans since 2012
- Of 26 banks contacted, not one has pressured companies over toxic fuel exports to Africa
2017-05-23 | Nijmegen | BankTrack
Blog
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Europe’s biggest banks register €25 billion profit in tax havens

2017-03-27 | Fair Finance International, Oxfam
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Standard Chartered and other major banks financing palm oil

2017-03-16 | Energy Desk Greenpeace
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Who still banks on destroying Indonesia’s forests?

2017-03-15 | Greenpeace UK
Blog
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Leading banks under fire for misrepresenting human rights responsibilities

Discussion Paper by Thun Group of banks meets series of objections from UN Working Group, John Ruggie and over 30 civil society organisations
2017-02-28 | BankTrack
Blog
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Rampal financing still in the balance as double standards mount

2016-12-21 | Greig Aitken – BankTrack
Blog
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Top US and UK banks urged not to help bankroll destructive Rampal coal plant in Bangladesh

2016-12-08 | Nijmegen, the Netherlands | BankTrack
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Despite Climate Agreements and Court Decisions, Indonesia Keeps Betting Big on Coal

2016-11-11 | Take Part
Blog
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New online platform reveals banks and investors financing companies linked to tropical forest loss in Southeast Asia

Financial sector under the spotlight in new international push to protect forests and forest communities
2016-09-06 | Singapore | Rainforest Action Network
Blog
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New BankTrack Human Rights Impact Briefing: Labour standards violations in IOI Corporation’s Malaysian plantations

2016-02-16 | Nijmegen | BankTrack
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Global insurer Aviva warns of 'grave reputational risks' of Carmichael mine

2015-08-13 | The Guardian
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Adani cancels second bank, Standard Chartered, from Carmichael project

2015-08-11 | The Australian Financial Review
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Standard Chartered quits controversial Carmichael coalmine in Queensland

2015-08-10 | The Guardian
Blog
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Major UK bank ditches giant coal mine threatening Great Barrier Reef

2015-08-10 | London | Greenpeace
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Standard Charter faces calls to quit 'carbon bomb' mine

2015-08-06 | The Independent
Blog
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Costly Coal - Standard Chartered's role in a coal project threatening the Great Barrier Reef

2015-08-05 | Greenpeace UK
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Indigenous Australians call on Standard Chartered not to fund coal mine project

2015-06-12
Blog
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Pressure builds for UK’s Standard Chartered to refuse investment to Great Barrier Reef coal project

2015-06-09 | London | Greenpeace UK, 350.org
BankTrack news BankTrack blog Partner news Partner blog

Standard Chartered vows to review role in Australian coal mine project

2015-05-06 | The Guardian
Blog
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Greenpeace activists protest Standard Chartered’s role in reef wrecking coal mine

2015-05-06 | Hong Kong | Greenpeace
BankTrack news BankTrack blog Partner news Partner blog

Standard Chartered faces pressure to cut links to Australian 'carbon bomb' project

2015-05-05 | The Guardian
Blog
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Standard Chartered and CommBank pull out of massive Carmichael coal mine

2015 | BankTrack
Blog
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Banks not yet living up to UN human rights principles, finds BankTrack

New research finds inadequate reporting on human rights impacts, and failure to establish mechanisms to allow complaints.
2014-12-02 | Geneva | BANKTRACK
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Adani arm to raise  $1.5 bn in overseas debt in 2014

2014-05-08 | India | Live Mint
Blog
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Dirty Money - an interactive documentary

Watch WDM's online, interactive documentary exploring how UK banks are financing coal mining in Indonesia.
2013-11-21 | London | World Development Movement
BankTrack news BankTrack blog Partner news Partner blog

Who's Funding Climate Change...

2013-10-04 | The Huffington Post
Blog
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UK banks financing coal boom destroying Borneo rainforests

2013-10-01 | London | World Development Movement
BankTrack news BankTrack blog Partner news Partner blog

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
BankTrack news BankTrack blog Partner news Partner blog

NGOs seek Sakhalin compensation from Shell, UK banks (Subscription required)

2012-08-01 | Sakhalin Island, Russia | Environmental-Finance
Blog
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Complaint seeks resettlement and compensation from Shell and UK banks for damage caused by Sakhalin II oil and gas project

2012-07-31 | Sakhalin Island, Russia | Pacific Environment
BankTrack news BankTrack blog Partner news Partner blog

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
BankTrack news BankTrack blog Partner news Partner blog

Time to Improve the Equator Principles, BankTrack Says

BankTrack mentioned
2011-10-24 | Washington | Social Funds
BankTrack news BankTrack blog Partner news Partner blog

BankTrack to Equator Principles banks; ‘get the Outside Job done’

Equator Principles update must lead to new Principles focused on people and planet
2011-10-23 | Washington | BankTrack
Blog
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Financiers search for sustainable future

BankTrack mentioned
2011-10-20 | Washington | Environmental Finance
Blog
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Nam Theun 2 inauguration hides real costs of controversial Equator Principles project

More than 100,000 people continue to suffer project impacts
2010-12-07 | Laos | International Rivers
Blog
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Chinese NGOs announce third Green Banking Innovation Award

Establish first Environmental Information Disclosure Award
2010-10-22 | Beijing, China | Green Watershed
Blog
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New rules for Equator Principles, but no new commitments from banks

New governance rules represent missed chance for Equator Principles to take bold steps forward on transparency and accountability
2010-07-01 | Nijmegen, the Netherlands | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack calls upon banks to Close the Gap on investment policies

New report evaluates quality of investment policies of 49 banks; more policies in place, overall quality below what is required
2010-04-27 | Nijmegen, the Netherlands | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Principles: Action, not words needed

BankTrack calls upon Citi, new chair of Equator Principles to take bold steps forward
2010-03-15 | Nijmegen, The Netherlands | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Civil society groups call for bold steps forward with Equator Principles

Major reforms needed on transparency, accountability, implementation and climate change
2010-01-14 | Nijmegen | BankTrack
Blog
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Carbon Principles and Climate Principles will not stop melting of the ice

2009-03-30 | Bonn, Nijmegen | BankTrack
Blog
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Strong criticism on Reopening Lafayette Rapu Rapu mine Philippines

Decision provides false reassurance to ABN AMRO, Standard Chartered, ANZ and other financiers
2007-02-09 | Manila, Utrecht | Defend Patrimony, Greenpeace and BankTrack
Resources
Documents
Videos
Links

Letter from BankTrack to Standard Chartered on Finance to PLN

Correspondence
2025-03-19 00:00:00 | BankTrack

Which banks have ruled out finance for the JSW Utkal Steel and Coal Project?

BankTrack publication
2025-03-13 00:00:00 | BankTrack

2024 Annual Report

Annual report
2025-02-21 00:00:00 | Standard Chartered

Letter from BankTrack to Standard Chartered on JSW Utkal Steel

Correspondence
2025-02-20 00:00:00 | BankTrack

Green and Sustainable Product Framework 2024

Bank policy
2025-01-29 00:00:00 | Standard Chartered

Letter to financiers of Mozambique LNG to support call for independent investigation into alleged human rights violations

NGO document
2025-01-21 00:00:00 | BankTrack, Justiça Ambiental, Les Amis de la Terre France, SFOC, Milieudefensie, ReCommon, Urgewald, Friends of the Earth Europe, Friends of the Earth United States, Reclaim Finance, Friends of the Earth Japan

Extractive Industries Position Statement

Effective October 2024
Bank policy
2025-01-15 00:00:00 | Standard Chartered

Thermal Coal Position Statement

Effective October 2024
Bank policy
2025-01-14 00:00:00 | Standard Chartered

Human Rights Position Statement

Effective December 2024
Bank policy
2024-12-18 00:00:00 | Standard Chartered

Environmental and Social Risk Management Framework

Bank policy
2024-11-08 00:00:00 | Standard Chartered

Climate Change Position Statement

Bank policy
2024-10-31 00:00:00 | Standard Chartered

Nature Position Statement

Bank policy
2024-10-31 00:00:00 | Standard Chartered

Agribusiness Position Statement

Bank policy
2024-10-31 00:00:00 | Standard Chartered

Chemicals & Manufacturing Position Statement

Bank policy
2024-10-31 00:00:00 | Standard Chartered

NZBA 2024 Progress Report

Other document
2024-10-01 00:00:00 | NZBA

UNSUPERVISED - The carbon pollution of the world’s largest banks

NGO document
2024-05-21 00:00:00 | ReCommon

Banking on climate chaos 2024

Fossil fuel finance report 2024
BankTrack publication
2024-05-13 00:00:00 | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance & Sierra Club

Infrastructure & Transport Position Statement

Bank policy
2024-02-26 00:00:00 | Standard Chartered

Power Generation Position Statement

Bank policy
2024-02-26 00:00:00 | Standard Chartered

Prohibited Activities

Bank policy
2024-02-26 00:00:00 | Standard Chartered

Annual Report 2023

Annual report
2024-02-23 00:00:00 | Standard Chartered

Sustainable Steel Principles 2023 Annual Report

Other document
2024-02-01 00:00:00 | Sustainable Steel Principles

Coal Havens

The banks and loopholes keeping coal finance alive in Asia
BankTrack publication
2024-01-23 00:00:00 | BankTrack

Letter from BankTrack to Standard Chartered on Ending support for metallurgical coal

Correspondence
2023-12-07 00:00:00 | BankTrack

Fossil Fuel Expansion in the United Arab Emirates

ADNOC and Its International Partners
BankTrack publication
2023-12-05 00:00:00 | Urgewald, Reclaim Finance, Lingo & BankTrack

Bankrolling the butchers

The role of UK banks in financing industrial meat and dairy corporations
Partner publication
2023-11-30 00:00:00 | Feedback

Letter from BankTrack to Standard Chartered on posco relining plans

Correspondence
2023-11-29 00:00:00 | BankTrack

Letter from BankTrack, ACA, CTEA to Standard Chartered on the risks of investing in Rio Tinto and Winning International Group’s Simandou Project in Guinea

Correspondence
2023-11-21 00:00:00 | BankTrack, ACA, CTEA

Letter from BankTrack and 60 civil society groups to 20 bank financiers of Equinor on Equinor's proposed North Sea field Rosebank

Letter to financiers of Equinor on their client's ownership of Rosebank
Correspondence
2023-07-04 00:00:00 | BankTrack and 60 civil society groups

Will San Miguel Power a World Made Better?

Partner publication
2023-06-12 00:00:00 | CEED

Why banks should account for their full share of facilitated emissions

Banks are making progress on setting net-zero targets but most focus on lending and only a handful include capital markets facilitation – funding activities where banks do not provide capital themselves but play a critical role in facilitating access to it. Capital markets are a vital source of funding and will be key in delivering the low-carbon transition. In 2021 alone, global bond and equity issuances stood at US$26.8 trillion. This memo outlines why the industry-organised Partnership for Carbon Accounting Financials should include a 100% weighting for capital market facilitation.
NGO document
2023-05-23 00:00:00 | ShareAction

Banking on Climate Chaos 2023

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
BankTrack publication
2023-04-13 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, Urgewald

The East African Crude Oil Pipeline (EACOP): Finance Risk Update No. 4

BankTrack publication
2023-04-12 00:00:00 | BankTrack

Boom and Bust Coal 2023

Tracking the Global Coal Plant Pipeline
Partner publication
2023-04-06 00:00:00 | Global Energy Monitor

Annual Report 2022

Annual report
2023-03-17 00:00:00 | Standard Chartered

Background briefing: Just 7% of global banks' energy financing goes to renewables, new data shows

BankTrack publication
2023-01-27 00:00:00 | Profundo for Sierra Club, Fair Finance International, BankTrack, Rainforest Action Network

In debt to the planet

Europe’s largest banks are not doing enough to address the twin crises of climate change and biodiversity loss.
NGO document
2022-12-12 00:00:00 | ShareAction

BankTrack Global Human Rights Benchmark 2022

BankTrack publication
2022-11-17 00:00:00 | BankTrack

Who is financing fossil fuel expansion in Africa?

BankTrack publication
2022-11-15 00:00:00 | Urgewald, BankTrack, 350.org Africa, Africa Coal Network & Oilwatch Africa, et al.

Letter from BankTrack and Mars se Drine to Standard Chartered on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-13 00:00:00 | BankTrack and Mars se Drine

Letter from BankTrack, 350.org, Bank on our Future and Uplift to 25 banks on Shell's proposed Jackdaw gas field

Correspondence
2022-06-03 00:00:00 | BankTrack, 350.org, Bank on our Future and Uplift

Our path to net zero

Bank policy
2022-05-01 00:00:00 | Standard Chartered

Banking on Climate Chaos 2022

Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021
BankTrack publication
2022-03-30 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, urgewald

Annual report 2021

Annual report
2022-03-29 00:00:00 | Standard Chartered

Investor briefing: aligning financing with net zero by 2050 commitment

NGO document
2022-02-16 00:00:00 | Market Forces

Aligning financing with net zero by 2050 commitment

NGO document
2022-02-16 00:00:00 | Market Forces

Modern Slavery and Human Trafficking Statement

Bank policy
2022-02-15 00:00:00 | Standard Chartered

Actions speak louder: Assessing bank responses to human rights violations

BankTrack publication
2021-12-14 00:00:00 | BankTrack

Letter from BankTrack to Standard Chartered on lithium mining in Serbia’s Jadar Valley

Correspondence
2021-12-12 00:00:00 | BankTrack

Letter from BankTrack to Morgan Stanley on lithium mining in Serbia’s Jadar Valley

Correspondence
2021-12-12 00:00:00 | BankTrack

Transition Finance Framework 2021

Bank policy
2021-10-28 00:00:00 | Standard Chartered

Interim targets and methodology for pathway to net zero by 2050

Bank policy
2021-10-28 00:00:00 | Standard Chartered

Net zero approach

Methodological white paper
Bank policy
2021-10-28 00:00:00 | Standard Chartered

A practitioner's guide for banks

Considerations for banks in setting a net zero strategy
Other bank document
2021-10-04 00:00:00 | Sustainable Markets Initiative - Financial Services Taskforce

The Big Smoke

The global emissions of the UK financial sector
NGO document
2021-05-25 00:00:00 | Greenpeace and WWF

City of Coal

The Climate Crimes of UK Finance
NGO document
2021-05-04 00:00:00 | Reclaim Finance and Urgewald

Commitment statement Net Zero Banking Alliance

Other document
2021-04-21 00:00:00 | UNEP FI Principles for Responsible Banking

Sustainability framework - Leading international standards

Date listed represents date accessed on website
Bank policy
2021-03-18 00:00:00 | Standard Chartered

Annual report 2020

Annual report
2021-03-09 00:00:00 | Standard Chartered

Open Letter from over 260 civil society organisations to banks on EACOP

NGO document
2021-02-25 00:00:00 | 263 CSOs

Banking beyond deforestation

How the banking industry can help halt and reverse deforestation
Other document
2021-01-18 00:00:00 | Cambridge Institute for Sustainability Leadership

Letter from IFI Synergy and BankTrack to Standard Chartered on investments in Nachtigal hydropower project

Correspondence
2021-01-07 00:00:00 | IFI Synergy and BankTrack

Collective Commitment to Climate Action - Year One in Review

Other document
2020-12-08 00:00:00 | UNEP FI Principles for Responsible Banking

Soft Commitments, Hard Lessons: an analysis of the Soft Commodities Compact

BankTrack publication
2020-11-30 00:00:00 | BankTrack

"Trust Us, We're Equator Banks": Part II

BankTrack publication
2020-11-24 00:00:00 | BankTrack

The Banking Environment Initiative (BEI) & the Consumer Goods Forum (CGF)’s ‘Soft Commodities’ Compact

Other document
2020-11-16 00:00:00 | Banking Environment Initiative

The BEI & CGF’s ‘Soft Commodities’ Compact: Technical Guidance

Other document
2020-11-16 00:00:00 | Banking Environment Initiative

High Risk, Low Reward

An overview of European banks' position on oil sands
NGO document
2020-10-31 00:00:00 | ShareAction

A Call to Action on the Principles for Responsible Banking: End Climate-Destructive Financing Now

Joint civil society statement
BankTrack publication
2020-10-20 00:00:00 | BankTrack, Rainforest Action Network, and others

Sustainable Finance Impact Report

Other bank document
2020-09-25 00:00:00 | Standard Chartered

Banking industry: the journey so far

A review of the Nigerian Sustainable Banking Principles
Other bank document
2020-07-14 00:00:00 | Bankers Committee, Central Bank of Nigeria

CSR report 2019

Annual report
2020-07-01 00:00:00 | Standard Chartered

Annual report 2019

Annual report
2020-05-19 00:00:00 | Standard Chartered

Banking on Climate Change - Fossil Fuel Finance Report 2020

BankTrack publication
2020-03-18 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club

Climate Change/Taskforce on Climate-related Financial Disclosures (‘TCFD’) report

Other bank document
2019-12-17 00:00:00 | Standard Chartered

Letter from BankTrack to Standard Chartered on the bank's progress on its fossil fuel finance since COP24

Correspondence
2019-12-10 00:00:00 | BankTrack

The UK's dirty coal secret

$26 billion support from big four banks for international companies planning coal fleet 16 times the size of current UK capacity
BankTrack publication
2019-12-05 00:00:00 | BankTrack, urgewald, 350.org

Collective Commitment to Climate Action

Other document
2019-09-19 00:00:00 | UNEP FI Principles for Responsible Banking

Letter from Standard Chartered to BankTrack on PRB implementation

Correspondence
2019-09-11 00:00:00 | Standard Chartered

Summary of approach on defence goods

Bank policy
2019-08-05 00:00:00 | Standard Chartered

Fool's Gold

The financial institutions bankrolling Europe’s most coal-dependent utilities
NGO document
2019-05-21 00:00:00 | Europe Beyond Coal

Annual General Meeting Shareholder Briefing Standard Chartered

BankTrack publication
2019-05-08 00:00:00 | BankTrack

Standard Chartered Emissions White Paper

Other bank document
2019-05-07 00:00:00 | Standard Chartered

Annual report 2018

Annual report
2019-03-31 00:00:00 | Standard Chartered

CSR report 2018

Annual report
2019-03-31 00:00:00 | Standard Chartered

Bank Policy Matrix

NGO document
2018-12-10 00:00:00 | Forests & Finance Coalition

The Katowice Commitment

Other bank document
2018-12-04 00:00:00 | ING, BBVA, BNP Paribas, Société Générale, Standard Chartered

Code of conduct

Bank policy
2018-11-22 00:00:00 | Standard Chartered

Anti-Bribery and Corruption: Summary of Policy

Bank policy
2018-11-22 00:00:00 | Standard Chartered

Anti-Money Laundering Policy: Summary of Policy

Bank policy
2018-11-22 00:00:00 | Standard Chartered

Supplier charter

Bank policy
2018-11-22 00:00:00 | Standard Chartered

Letter from Standard Chartered to BankTrack on new coal policy and Fossil Banks, No Thanks! demands

Correspondence
2018-11-08 00:00:00 | Standard Chartered

Letter from Standard Chartered to BankTrack on Letter from BankTrack regarding Updated Position Statement on Power generation

Correspondence
2018-11-08 00:00:00 | Standard Chartered

Letter from BankTrack and 120 organisations to Standard Chartered on Demands FBNT campaign

Correspondence
2018-10-16 00:00:00 | BankTrack and 120 organisations

Sustainability summary 2017

Annual report
2018-03-31 00:00:00 | Standard Chartered

Annual report 2017

Annual report
2018-02-27 00:00:00 | Standard Chartered

Sustainability Aspirations 2018

Other bank document
2018-01-01 00:00:00 | Standard Chartered

Major international banks continue to finance palm oil company Indofood despite evidence of systemic labor abuses

Forest & Finance Briefing
NGO document
2017-11-30 00:00:00 | RAN, TuK Indonesia & Profundo

The human cost of conflict palm oil - revisited

How PepsiCo, Banks and the Roundtable on Sustainable Palm Oil perpetuate Indofood's worker exploitation
NGO document
2017-11-30 00:00:00 | RAN, OPPUK & International Labor Rights Forum

Position Statement on Palm Oil

Bank policy
2017-07-31 00:00:00 | Standard Chartered

Deadly Investments

UK bank complicity in Israel’s crimes against the Palestinian people
NGO document
2017-07-03 00:00:00 | War on Want

Japanese and Malaysian banks and investors continue to pump billions of dollars into forest-risk companies, without adequate environmental and social safeguards

NGO document
2017-06-13 00:00:00 | RAN, TuK Indonesia & Profundo

Annual Report 2016

Annual report
2017-05-16 00:00:00 | Standard Chartered

Letter from BankTrack to Thun Group on concerns regarding Thun Group discussion paper on human rights

Correspondence
2017-03-14 00:00:00 | BankTrack

Comments on Thun Group of Banks Discussion Paper

on the Implications of UN Guiding Principles 13 & 17 In a Corporate and Investment Banking Context
Other document
2017-02-21 00:00:00 | Prof. John G. Ruggie

Letter from BankTrack and others to Thun Group of Banks on Significant Concerns Regarding Thun Group Discussion Paper

Correspondence
2017-02-14 00:00:00 | BankTrack and others

Sime Darby urged to resolve long-standing land rights conflict before stock exchange listing of its plantation division

NGO document
2017-01-31 00:00:00 | RAN, TuK & Profundo

Letter from 53 organisations to 5 banks on Exim India bonds

Correspondence
2016-12-08 00:00:00 | 53 organisations

Annual report 2015

Annual report
2016-03-01 00:00:00 | Standard Chartered

Sustainability summary 2015

Annual report
2016-03-01 00:00:00 | Standard Chartered

Human Rights Impact Briefing #1:Labour standards violations in IOICorporation’s Malaysian plantations

BankTrack publication
2016-02-16 00:00:00 | BankTrack

Standard Chartered's involvement in the Carmichael coal mine would be 'non-standard' and 'unchartered', on the bank's own terms

BankTrack publication
2015-06-08 00:00:00 | BankTrack

Sustainability Summary 2014

Annual report
2015-05-06 00:00:00 | Standard Chartered

Annual Report 2014

Includes sustainability review
Annual report
2015-03-16 00:00:00 | Standard Chartered

Annual Report 2013

Annual report
2014-04-02 00:00:00 | Standard Chartered

Banking while Borneo burns

How the UK financial sector is bankrolling Indonesia's fossil fuel boom
NGO document
2013-09-30 00:00:00 | World Development Movement

Health and safety policy

Other bank document
2011-04-18 00:00:00 | Standard Chartered

Letter from BankTrack to EPFIs on issues around Equator Principles Review process

Correspondence
2010-12-18 00:00:00 | Banktrack

Where did our money go?

Other document
2010-10-04 00:00:00 | New Economics Foundation

Close the Gap

Benchmarking investment policies of international banks
BankTrack publication
2010-04-27 00:00:00 | BankTrack

Meek Principles for a Tough Climate

Why the Climate and Carbon Principles will not stop the melting of the ice
BankTrack publication
2009-03-01 00:00:00 | BankTrack

Letter to Standard Chartered on Nam Theun 2

Correspondence
2005-05-02 00:00:00 | International Rivers and others

EACOP: a crude reality, documentary

2023-02-27 18:04:11
Accountability
Grievances
Response tracking

Although Standard Chartered has established a whistleblowing channel open to both employees and other stakeholders, it is not clear whether this channel can be used to raise complaints related to human rights issues. In any case, stakeholders may lodge complaints with the OECD National Contact Points (see OECD Watch guidance).

In addition, Standard Chartered is a member of the Roundtable on Sustainable Palm Oil (RSPO), which operates a grievance mechanism to address violations of its standards, including concerns about human rights abuses in the palm oil industry. Affected individuals and communities can access this mechanism here. 

Standard Chartered is an Equator Principles signatory. While the Equator Principles have no official grievance mechanism, complaints relating to this bank's financing of Equator Principles projects can be filed through our own website www.equator-complaints.org.

 

This page evaluates Standard Chartered's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
Rio Tinto's Jadar mine, Serbia (December 2021)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank did not respond.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information to indicate the bank is monitoring the actions of its clients, or actions it might itself have taken in response to the impacts raised.
More info
Letter to financiers of Rio Tinto, December 2021
Banks and Dirty Diesel: Vitol and Trafigura (May 2017)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank publicly responded citing client confidentiality.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.
More info
BankTrack Human Rights Briefing, May 2017
Don't Buy into Occupation report (November 2022)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank responded citing client confidentiality
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information to indicate the bank is monitoring the actions of its clients, or actions it might itself have taken in response to the impacts raised.
More info
"Don't Buy Into Occupation" report, November 2022
Don't Buy into Occupation report (September 2021)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank responds publicly but without acknowledging the bank's link to the impact.
Action
0
Out of 1
Rationale for score
The bank provides evidence of having reviewed its management systems to prevent such impacts from occurring in the future, but without this being considered an appropriate and sufficient remedy by rights-holders involved in raising the issue with the bank.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.

Following the bank's response: The bank has not provided details on how it monitored the progress of specific companies or how the bank monitored the impact on rights-holders involved in raising the issue with the bank of its own action of updating the Agriculture sector policy. Therefore, the score remains unchanged.

More info
"Don't Buy Into Occupation" report, Sept 2021
East African Crude Oil Pipeline (March 2021)
1
0.5
0.5
0
Dodgy Deal profile
Response
0.5
Out of 1
Rationale for score
The bank initially responded publicly stating that it was undertaking due diligence on the project. At a later time, the bank responded publicly by confirming it would not finance the project in question. It did not comment on or respond to the substance of the issues raised.
Action
0.5
Out of 1
Rationale for score
The bank publicly announced it will not finance the project in question. The bank remains exposed to TotalEnergies, the project developer, and has stated that it engaged with Total as part of its due diligence. However it has not (yet) set out specific actions that it requires (or will require) the company to take to address the impacts raised.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored measures taken by its client to address the impacts associated with the project.
IOI Corporation labour standards violations (February 2016)
0.5
0.5
0
0
Dodgy Deal profile
Response
0.5
Out of 1
Rationale for score
The bank publicly responded confirming that it has "acted for IOI on a number of transactions" but stated that "client confidentiality, a legal obligation, does nonetheless prevent us from discussing specifics of a possible relationship with any particular company." The bank acknowledged its responsibility to respect human rights, and provided general details about its policies and process, but did not comment on or respond to the substance of the issues raised.
Action
0
Out of 1
Rationale for score
The bank did not provide any details on whether it had engaged with its client or taken appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.
More info
BankTrack Human Rights Briefing, February 2016
Nachtigal Hydropower project, Cameroon (January 2021)
1.5
1
0.5
0
Dodgy Deal profile
Response
1
Out of 1
Rationale for score
The bank publicly responded acknowledging its link to the impact and responding in its comments to the issues raised. The bank stated that it is "aware of the communities’ concerns and have been using our leverage, in collaboration with other lenders to the project, to ensure that they continue to be prioritised and systematically resolved".
Action
0.5
Out of 1
Rationale for score
The bank has stated that, together with the other financial lenders, it is using its leverage to ensure the concerns of the communities are prioritised by the company. The bank also attached a copy of a letter from its client which addresses the issues raised by communities. The bank did not outline details of specific actions sought from the company.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored the issue or steps taken by the client.
JSW Utkal steel and coal, India (February 2025)
0
0
0
n/a
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank responded, stating: "Due to client confidentiality, we do not comment on details of specific relationships."
Action
0
Out of 1
Rationale for score
No information is available on whether the bank engaged with its client or took appropriate action.
Monitoring
n/a
Rationale for score
The impact was not raised over a year ago and therefore is not scored on monitoring progress.
More info
International CSOs call on banks to rule out finance for controversial Indian steel and coal project, March 2025
Impacts of Indonesia’s state electricity company PLN (March 2025)
0
0
0
n/a
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank responded, stating: "due to client confidentiality, Standard Chartered (‘we’, ‘us’ or ‘our’) does not comment on details of specific relationships."
Action
0
Out of 1
Rationale for score
No information is available on whether the bank engaged with its client or took appropriate action.
Monitoring
n/a
Rationale for score
The impact was not raised over a year ago and therefore is not scored on monitoring progress.
More info
See the letter BankTrack sent the bank here.
Average
89%
0.33
0.22
0.11
0
Banks and Climate

Banks and Climate

The 2024 Banking on Climate Chaos report showed that Standard Chartered provided US$ 71.421 Billion in financing to the fossil fuel industry between 2016 and 2023. In 2023 only, Standard Chartered provided US$ 2.645 Billion for oil, gas and coal companies expanding fossil fuels. Find further details on Standard Chartered fossil fuel portfolio and how it compares to other large banks globally on Fossil Banks No Thanks and in the Banking on Climate Chaos report.

Fossil fuel finance data Standard Chartered

Banking on Climate Chaos finance data panel

Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Standard Chartered’s fossil fuel policy below.

Assessment of Standard Chartered's coal policy in the Coal Policy Tool

Assessment of Standard Chartered's policy in the Oil and Gas Policy Tracker
Banks and Human Rights

Banks and Human Rights

BankTrack assessed Standard Chartered in its 2024 Global Human Rights Benchmark, where it achieved 7 points out of 15 and was ranked as a “follower”.

The bank scored 0 out of 3 points on the new “specific rights indicators”, which assess how banks address human rights defenders, Indigenous Peoples’ right to Free, Prior and Informed Consent and environmental rights in their policies and practices.

In addition, Standard Chartered scored 0.43 out of 3 on how it responds to alleged human rights violations linked to its finance, which were raised by civil society organisations. More information is detailed in the “Accountability” section of this profile.

The BankTrack Human Rights Benchmark

The table below shows BankTrack's assessment of how Standard Chartered has implemented the UN Guiding Principles on Business and Human Rights. Please click on 'expand all details' and 'explanation' for further information on the methodology.

Our policy assessments are always a work in progress. We very much welcome any feedback, especially from banks included in the assessments. Please get in touch at humanrights@banktrack.org.

Global Human Rights Benchmark 2022

BankLast update
Country
Score
Ranking
Details
Standard Chartered
GBR
7.5
Front runner 7.5
Explanation
Laggard
Follower
Front runner
Leader
0 - 3 points
3.5 - 6.5 points
7 - 10 points
10.5 - 14 points
For more details see this page.

Global Human Rights Benchmark 2024

BankLast update
Country
Score
Ranking
Details
Standard Chartered
GBR
7
Follower 7
Explanation
Laggard
Follower
Moderate achiever
Leader
0 - 3 points
3.5 - 7 points
7.5 - 10.5 points
11 - 15 points
For more details see this page.
Banks and Nature

Banks and Nature

Standard Chartered’s policies for forest-risk sectors (beef, soy, palm oil, pulp and paper, rubber and timber) have been assessed by the Forests & Finance coalition, achieving an overall score of 6.4 out of 10 and ranking it as a front runner. Standard Chartered achieved a score of 5.4 out of 10 specifically for its policies related to the beef sector and 6.6 out of 10 for its policies related to the palm oil sector. In addition, BankTrack and the Environmental Paper Network have assessed Standard Chartered’s policies related to the pulp and paper sector.

Between 2016 and 2022, Standard Chartered provided USD 1,766 million in credit to companies operating in these forest-risk sectors. For more information, see the links below.

Forests & Finance

Banks and beef

Banks and palm oil

Banks and pulp & paper

Forest & Finance Policy Assessment 2022: Overall scores

BankLast update
Country
Score
Ranking
Details
Standard Chartered
2022-09-27
GBR
6.4
Front runner 6.4
Explanation

A bank can obtain a total of 10 points for the quality of its policies. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Beef

BankLast update
Country
Score
Ranking
Details
Standard Chartered
2022-09-29
GBR
5.4
Front runner 5.4
Explanation

A bank can obtain a total of 10 points for the quality of its beef policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points

Forest & Finance Policy Assessment 2022: Palm Oil

BankLast update
Country
Score
Ranking
Details
Standard Chartered
2022-09-29
GBR
6.6
Front runner 6.6
Explanation

A bank can obtain a total of 10 points for the quality of its palm oil policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.
Tracking the NZBA

Tracking the Net Zero Banking Alliance

Standard Chartered is a member of the Net Zero Banking Alliance (NZBA) and has therefore committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack track's implementation of these commitments in the NZBA compliance tracker.

Tracking NZBA banks commitments
Banks and Russia

Banks and Russian Aggression in Ukraine

BankTrack is keeping track of the public response of Standard Chartered to Russia's illegal invasion of Ukraine. Standard Chartered did not publicly condemn the war. Standard Chartered is considered by Leave-Russia.org to be "pausing investments" with its operations in Russia. We consider its exposure to Russia as limited. For further details, see the table linked below.

Bank responses to Russia's invasion of Ukraine
Banks and Steel

Banks and Steel

As part of the Net Zero Banking Alliance (NZBA), Standard Chartered is required to set interim targets for 2030 for high emission priority sectors. For Standard Chartered, this includes its lending to the steel sector. You can see Standard Chartered’s iron and steel decarbonisation targets, and its progress towards meeting them in our NZBA steel targets compliance tracker:

Standard Chartered is also a member of the Sustainable Steel Principles. This means it has committed to measuring and disclosing its steel-related financed emissions on an annual basis, and reporting its alignment with the International Energy Agency’s Net Zero by 2050 pathway for the steel industry.

NZBA Iron & Steel Targets

Partner organisation Reclaim Finance’s 2023 report on metallurgical coal financing showed that Standard Chartered provided US$ 3 billion in loans and underwriting to developers of new metallurgical coal between 2016 and 2022. Find further details on Standard Chartered’s metallurgical coal financing and and how it compares to other large banks globally in the report.

Reclaim Finance tracks the metallurgical coal policies of financial institutions, including banks, in their Coal Policy Tool. BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Standard Chartered’s metallurgical coal policy below.

According to a report by Reclaim Finance, between 2016 and June 2023, Standard Chartered provided $4.6 billion in finance to the fossil-steel industry, making it the 30th largest financier worldwide. Find further details on  Standard Charetered's steel financing and how it compares to other large banks globally in the report. 

Metallurgical Coal Financing: Time to call it off 2023

Coal policy tool

Steeling our future: The banks propping up coal-based steel
Good Moves

Good moves

Year:

2019

Standard Chartered announces exit from three coal plant projects and phase-out of corporate support for coal

Today Standard Chartered has announced that it will withdraw from the lending consortia for three new coal-fired power plant projects. The move was applauded by NGOs which have been calling on the London and Hong Kong-headquartered bank to do so since it introduced a prohibition on direct financing for new coal-fired power…

2018

One step beyond coal - New policy move from Standard Chartered welcomed

UK bank Standard Chartered’s announcement today that it “will not directly finance any new coal-fired power plant projects, including expansions, in any location” has been welcomed by BankTrack as a positive step towards bringing the bank's finance into line with the Paris Agreement goals. [1] The…

Standard Chartered declines financing Nghi Son 2 coal-fired power plant

Standard Chartered has declined taking part in the consortium financing the Nghi Son 2 coal-fired power plant in Vietnam. While the reasons for this move was not disclosed it is understood that the bank considered the project in violation of its lending policies for such projects, including the Equator Principles.…

2015

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…