Environmental Initiative by Standard Chartered
Standard Chartered is committed to minimising the environmental impact associated with its operations. In 2001 Standard Chartered:
- revised its Group Environmental Policy;
- signed up for the UK Government's MACC2 (Make a Corporate Commitment) scheme and committed to reduce its UK greenhouse gas emissions by 7.5% between 2000 and 2003;
- had its key UK premises certified by BREEAM (Building Research Environmental Research Assessment Methodology) as "Very Good";
- revised its credit policy to ensure that environmental concerns are given due consideration in banking transactions with customers;
- implemented a new procurement policy to ensure that environmental concerns are taken into account in procurement decisions;
- was congratulated by BiE (Business in the Environment) for improvement in their Annual Index; and
- for the first time published its environmental report on http://www.standardchartered.com/global/csr/environment.html- Standard Chartered as a company is now more aware of the environmental impact of their business.
- Practical commitments have been made to reduce UK greenhouse gas emissions and waste production and these targets are being actively managed towards.
- Cost savings have been made as investments created savings in energy and water costs.
- A programme has been implemented to roll out an environmental management system to 5 major overseas sites in 2002.
- Staff awareness of environmental issues has increased.
- The potential reputational risk faced by the company from environmental factors has been reduced.
- With the production of an environmental report, engagement and transparency have improved.
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