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Home › Bank profiles
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

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).

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
2022-08-23
GBR
2021
23
16
69.9
7.0900000017E+37
0
United Kingdom
Profile
Reporting period
2021
PF deals under EP
23
Project names reported
16
% Project names reported
69.9
20220823
Last update: 2022-08-23
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 Human Rights

Global Human Rights Benchmark 2022

BankLast update
Country
Score
Ranking
Details
Standard Chartered
GBR
7.5
Front runner

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0
United Kingdom
Score
Front runner
7.5
Explanation

Standard Chartered's human rights policies, processes and reporting were assessed as part of the BankTrack Global Human Rights Benchmark 2022. The bank is assessed as a Front runner, with a total score of 7.5 out of 14.

Policy: 3/3
Due dilligence: 2/5
Reporting: 2/3
Remedy: 0.5/3


Response Tracking:
The bank was also assessed on its responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations, for which it received an average score of 0.5/3. See the Response Tracking section of this profile for more details.

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.

Banks and Nature

Forest & Finance Policy Assessment 2022: Overall scores

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

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0
United Kingdom
Profile
Score
Front runner
6.4
20220927
Last update: 2022-09-27
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Société Standard Chartered' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Standard Chartered'profile

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 Ch