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Standard CharteredUnited Kingdom
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Created before Nov 2016
Last update: 2022-02-14 14:12:44

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Standard Chartered head offices in London. Photo: Cobaltblue25 via Wikimedia Commons (CC BY-SA 4.0)

About Standard Chartered

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.

Website http://www.standardchartered.com
Headquarters
1 Basinghall Avenue
EC2V 5DD London
United Kingdom
CEO/chair Bill Winters
CEO
Supervisor
Bank of England
Annual report Annual report 2021
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.

Complaints and grievances

Standard Chartered does not operate a complaints channel for individuals and communities that may be adversely affected by its finance. However the bank may be contacted at sustainability.feedback@sc.com. Reports concerning misconduct can be sent via the bank’s “Speaking Up” web page.

Stakeholders may also raise complaints via the OECD National Contact Points (see OECD Watch guidance).

Related Dodgy Deals

Standard Chartered has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Dodgy Deals map

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Policy Assessments

Tracking the Equator Principles

EPFIs reporting status

BankLast update
Country
Reporting period
PF deals under EP
Project names reported
% Project names reported
Details
Standard Chartered
2021-08-31
GBR
2020
12
12
100
1.01000000013E+38
0
United Kingdom
Profile
Reporting period
2020
PF deals under EP
12
Project names reported
12
% Project names reported
100
20210831
Last update: 2021-08-31
Explanation

EP reporting page: https://equator-principles.com/reporting-standard-chartered-plc-2020/

Explanation

Project name reporting status of Equator Principles signatories for each financial institutions' most recent reporting period. Where there is no percentage presented the EPFI has not reported having financed any project transactions in that reporting period. 

For more details see this page.

Banks and Climate

Bank policy scores on fossil fuel financing

BankLast update
Country
Score
Ranking
Details
Standard Chartered
2021-03-24
GBR
35.5
Laggard

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0
United Kingdom
Profile
Score
Laggard
35.5
20210324
Last update: 2021-03-24
Explanation

Total: 35.5 points out of 200

7.5 points out of 120 for oil and gas policy.

28 points out of 80 for coal policy.

See: Policy scores Excel sheet

Explanation

A bank can obtain a total of 200 policy points for its fossil fuel policies; 120 possible points for oil and gas policies and 80 possible points for coal policies. Based on this score banks are then classified as laggards, followers, front runners or leaders.

Laggard
Follower
Front runner
Leader
0 - 50 points
50.5 - 100 points
100.5 - 150 points
150.5 - 200 points
For more details see this page.

Bank policy scores on oil and gas financing

BankLast update
Country
Score
Ranking
Details
Standard Chartered
2021-03-24
GBR
7.5
Laggard

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0
United Kingdom
Profile
Score
Laggard
7.5
20210324
Last update: 2021-03-24
Explanation

Total: 7.5 points out of 120

3 points out of 18 for tar sands policy: see here.

3 points out of 18 for Arctic oil and gas policy: see here.

0.5 point out of 18 for offshore oil and gas policy: see here.

0.5 point out of 18 for fracked oil and gas policy: see here.

0.5 point out of 30 for other/conventional oil and gas policy: see here. 

See: Policy scores Excel sheet

Explanation

For tar sands, Arctic oil and gas, fracked oil and gas, offshore oil and gas and LNG, 18 possible policy points can be obtained. For other/conventional oil and gas, 30 policy points can be obtained. In total, a bank can score a total of 120 policy points for its oil and gas policies. Based on this score banks are then classified as laggards, followers, front runners or leaders.

Laggard
Follower
Front runner
Leader
0 - 30 points
30.5 - 60 points
60.5 - 90 points
90.5 - 120 points
For more details see this page.

Bank policy scores on tar sands

BankLast update
Country
Score
Ranking
Details
Standard Chartered
2021-03-24
GBR
3
Laggard

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0
United Kingdom
Profile
Score
Laggard
3
20210324
Last update: 2021-03-24
Explanation

Total: 3 points out of 18

3 points for a strong exclusion of tar sands projects: Standard Chartered's prohibition on direct financing for "new or existing tar sands exploration and/or production activities" also covers tar sands-related infrastructure.

See: Policy scores Excel sheet

Explanation

The point-based policy ranking above assesses bank policies in four ways:

1) Restriction on direct financing for tar sands projects.

  • None (0), weak exclusion (1), moderate exclusion (2), strong exclusion (3)

2) Restriction on financing for companies that expand tar sands.

  • None (0), weak exclusion (2), strong exclusion (4)

3) The bank’s commitment to phase-out financing for tar sands.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in tar sands above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), moderate exclusion threshold (4), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 18 policy points for its tar sands policy. Based on this score banks are then classified as laggards, followers, front runners or leaders.

Laggard
Follower
Front runner
Leader
0 - 4.5 points
5 - 9 points
9.5 - 13.5 points
14 - 18 points