March 14, 2025 - 12:53
Standard Chartered has unveiled an ambitious transition plan aimed at achieving net zero in financed emissions by the year 2050, while also targeting operational emissions to be net zero by 2025. This comprehensive strategy is part of the bank's commitment to combating climate change and promoting sustainable finance.
The plan emphasizes the importance of aligning financial services with the global climate goals set forth in the Paris Agreement. By focusing on reducing emissions within its lending portfolio, Standard Chartered aims to support clients in their transition to greener practices. This includes financing renewable energy projects and investing in sustainable infrastructure.
Additionally, the bank's operational targets reflect its dedication to reducing its own carbon footprint. This involves implementing energy-efficient practices across its offices and operations, as well as exploring innovative technologies that can further decrease emissions.
Through these initiatives, Standard Chartered is positioning itself as a leader in the financial sector's response to climate change, demonstrating that financial institutions can play a pivotal role in facilitating a sustainable future.
