Ethical Performance
inside intelligence for responsible business

Standard Chartered 2010 Sustainability Review


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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

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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