Standard Chartered completes launch of sustainable deposits in the United States and major financial hubs

NEW YORK, November 12, 2019 – Standard Chartered today announced that it has
launched Sustainable Deposits in the United States, adding to those available in Hong
Kong, London and Singapore. The liquidity raised will be used to help finance activities
that support the United Nations’ Sustainable Development Goals (SDGs) in developing
countries across Asia, Africa and the Middle East.

In May 2019, the Bank was the first to launch the world’s first Sustainable Deposit.
Unlike Green deposits, which are dedicated to renewable energy, Sustainable Deposits
finance a broader range of activities under the SDGs which include tackling climate
change, supporting financial inclusion, and addressing the lack of access to health and
education.

Whilst 90 per cent of the SDG financing needs are covered in developed countries, only
60 per cent of the investment needs are addressed in emerging and developing regions,
and as low as 10 per cent in Africa. This is an area where Standard Chartered can help
bridge the funding gap.

Torry Berntsen, CEO and Head of Corporate and Institutional Banking, Standard
Chartered, Americas said: “By offering an opportunity to match our clients’ sustainability
goals with their banking needs, we are able to support our clients’ desire to finance
greener and safer environments for the people and communities across Asia, Africa and
the Middle East – markets which are extremely susceptible to environmental and social
challenges.”

Sustainable Deposits are available to Corporate and Public Sector & Development
Organization clients in the U.S.

In 2016, Standard Chartered committed to financing and facilitating USD4bn of clean
technology by 2020 and earlier this year put sustainability at the center of its refreshed
strategic priorities.

Sustainable Deposits were launched under Standard Chartered’s new Green and
Sustainable Product Framework. Developed in collaboration with Sustainalytics, the
leading provider of ESG and corporate governance research, this framework sets the
basis for future sustainable products to help fund the SDGs across the Bank’s footprint
markets, especially in developing countries.

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About Standard Chartered

We are a leading international banking group, with a presence in 60 of the world’s most dynamic markets and serving clients in a further 85. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, Here for good.

Our history in the US dates back to 1902, and we are currently present in eight locations throughout the Americas. Our Americas franchise focuses on financial institutions and select corporates and plays a key role in facilitating trade and investment flows between the Americas and Asia, Africa, and the Middle East.

Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges.

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