Standard Chartered 2010 Sustainability Review25/03/2011
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In its fifth annual Sustainability Review, released today, Standard Chartered sets out how it has delivered on its strategy to provide a strong return for shareholders, while creating social and economic value in the communities where it operates.
The Review is available at http://sustainability.standardchartered.com
The bank reports that in 2010 it:
Provided USD180 million of additional financing to microfinance institutions
Increased lending to small and medium-sized enterprises by 32 per cent to nearly USD18 billion
Reached USD4.98 billion of its Clinton Global Initiative commitment to mobilise USD8-10 billion of financing towards clean technology and renewable energy projects
Raised USD3.24 million for its global community investment programme Seeing is Believing
Increased employee volunteering leave taken by its staff by 315 per cent
Reduced paper use by 11 per cent per full time employee
Available only online - in step with Standard Chartered's strategy for reducing paper use - the Review features a conversation between Chairman John Peace and Group Chief Executive Peter Sands, reflecting on 2010 and looking to the future.
Says Sands: "As an international universal bank, we have an impact beyond the profits we make. By doing things the right way we can create value for our shareholders, support and partner our clients and customers and make a positive contribution to the broader community. Our brand is about commitment. We're Here for good. This goes beyond philanthropy, beyond corporate social responsibility and protecting our reputation. It is about acknowledging the crucial role a bank plays in the economies and societies we operate in."
Standard Chartered PLC is a leading international bank, listed on the London, Hong Kong and Mumbai stock exchanges. It has operated for over 150 years in some of the world's most dynamic markets and earns more than 90 per cent of its income and profits in Asia, Africa and the Middle East.
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