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Sustainability
Let’s talk
Let’s talk about what’s working – and challenge what’s not.
The transition to net zero is both challenging and complex, specifically in many of the markets in which we operate. We don’t have all the answers, so we’re partnering with our clients and communities on the ground to gain an understanding of what’s working and to help challenge what’s not.
What we know is working
We’re working with our clients on real world solutions to help them make the transition to net zero.
Case study
Let’s talk about energy in Angola
Rural electrification is an important part of Angola’s strategy to diversify its energy mix. New solar infrastructure in Angola will help provide electricity from 100 per cent renewable energy sources to a million people who were previously not connected to the national grid.
Case study
Let’s talk about aluminium in the UAE
Aluminium plays a key role in decarbonisation as an input from everything from solar panels to electric vehicles. As is the world’s biggest ‘premium aluminium’ producer, Emirates Global Aluminium extended their sustainability practices to banking by opening a Sustainable Account with Standard Chartered – allowing the company to retain intraday liquidity for business needs while contributing to sustainable development.
Case study
Let’s talk about transport in India
E-mobility is a key pillar for India’s planned economic transformation. In line with this, leading green-tech company GreenCell Mobility has deployed a fleet of 150 electric buses in Surat in the state of Gujarat, expected to offset 99,747 tonnes of CO2 equivalent.
How we’re challenging what’s not
We are utilising our expertise and networks to actively develop the sustainability ecosystem, seeking to break down the barriers which inhibit the flow of sustainable finance to our markets. We have a long journey ahead of us, but we’re committed to making progress as guided by our position statements and frameworks.
Constructing robust frameworks
Our markets need investment to decarbonise, but are often locked out of financing. We have constructed robust governance frameworks to help us build the necessary momentum to unlock much needed capital flows.
Prioritising our expectations
We actively assess our clients and transactions against our suite of public Position Statements which set our environmental and social expectations for providing financial services to clients.
Setting ambitious targets
We believe our net zero targets for high-emitting sectors are ambitious given a material portion of our markets do not have a commitment to achieve net zero by 2050.
Let’s talk about making a difference where it matters
“The importance of driving capital towards our markets is underlined by the fact that they will be disproportionately affected by the climate crisis.”
– Marisa Drew, Chief Sustainability Officer
77%
of the world’s coastlines outline our markets
376.6b
in estimated damages and lost growth by 2030 in just 10 of our markets
85%
of our sustainable finance assets are in Asia, Africa and the Middle East
Source: The Adaptation Economy