Standard Chartered Paris Agreement
The banks` agreement, known as the Katowice Commitment, led them to cooperate with the think tank 2° Investing Initiative (2DII) to obtain an open methodology that allows banks to verify their loans to ensure they help customers achieve the goals of the Paris Agreement. Over time, we intend to expand this work to other carbon-intensive sectors. During our biennial review of all Bank notices containing our environmental and social standards, we develop sector framework trajectories/conditions for the most carbon-rich sectors in our portfolio and reflect on relevant industry platforms or standards to support our clients` common progress in our Asian markets, in Africa and the Middle East. For more than 20 years, our interprofessional framework has helped us apply international standards and best practices in all our markets. Since we are active in markets that are most vulnerable to environmental and social constraints, we have both the opportunity and the responsibility to contribute to the development of a sustainable banking system, a system that meets the objectives of society and where our actions and consequences are transparent and accountable. Transparency and timely communication, as well as accurate information, play a key role in promoting widespread action against climate change. . . .