We have expanded the list of climate policies we assess company engagement with to incorporate land-use related policy, referring to legislative or regulatory measures to enhance and protect ecosystems and land where carbon is being stored. Assessments under this category are currently underweighted in terms of their contribution to the overall company metrics. This weighting will be progressively increased over the next 6 months.
We adjusted the terminology used to describe the queries running down the left-hand side of our scoring matrix and added additional explanatory text to the info-boxes. This has no impact on the scores and methodology. It has been done following user feedback to improve clarity.
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
As of November 2022, José Viñals is on the board of the IIF. He sits on the IIF's Sustainable Finance Working Group, Sustainable Finance Steering Committee, and TCFD sub-Group and Standard Chartered's climate risk team has fed into several exercises on climate risk management, reporting, and prudential requirements (CDP 2022)
José Viñals (Group Chairman, Standard Chartered plc)
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
As of November 2022, José Viñals is on the board of the IIF. He sits on the IIF's Sustainable Finance Working Group, Sustainable Finance Steering Committee, and TCFD sub-Group and Standard Chartered's climate risk team has fed into several exercises on climate risk management, reporting, and prudential requirements (CDP 2022)
José Viñals (Group Chairman, Standard Chartered plc)
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
As of September 2022, Nick Burge is on the AFME board
Nick Burge (Managing Director, Head of Client Solutions, Client Coverage & Financial Markets)
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Clare Francis is on the AFME board
Clare Francis (Standard Chartered Chief Executive Officer, UK & Regional Head of Global Banking, Europe)
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Standard Chartered is a member of AFME
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
As of September 2022, Nick Burge is on the AFME board
Nick Burge (Managing Director, Head of Client Solutions, Client Coverage & Financial Markets)
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Clare Francis is on the AFME board
Clare Francis (Standard Chartered Chief Executive Officer, UK & Regional Head of Global Banking, Europe)
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Standard Chartered is a member of AFME
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
As of November 2022, Standard Chartered is a member of the US Chamber of Commerce
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
As of November 2022, Standard Chartered is a member of the US Chamber of Commerce
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
Standard Chartered sits on UK Finance's Sustainable Finance Working Group and actively contribute to its work. It has also represented UK Finance at several sessions of the European banking Federation. It also Chairs the Wholesale Policy Committee, which is working on solutions to foster more green finance (CDP 2022)
not specified
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InfluenceMap Data Point on Corporate - Influencer Relationship
As of November 2022, Standard Chartered is a member of UK Finance
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
Standard Chartered sits on UK Finance's Sustainable Finance Working Group and actively contribute to its work. It has also represented UK Finance at several sessions of the European banking Federation. It also Chairs the Wholesale Policy Committee, which is working on solutions to foster more green finance (CDP 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
As of November 2022, Standard Chartered is a member of UK Finance
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
As of October 2022, Standard Chartered is a member of UK Finance which is a national association member of EBF
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
As of October 2022, Standard Chartered is a member of UK Finance which is a national association member of EBF
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
As of December 2021, Standard Chartered is an associate member of Japanese Bankers Association
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
As of December 2021, Standard Chartered is an associate member of Japanese Bankers Association
not specified
--no extract--
In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.
Open PDF file of Data Source
Sustainable Finance Lobbying Overview: Standard Chartered appears to have had some broadly positive engagement on sustainable finance policy.
Top-line Messaging on Sustainable Finance Policy: Standard Chartered has stated support for a role for finance in meeting the goals of the Paris Agreement, and has advocated for action to achieve zero-carbon economies by 2050. However, its CEO Bill Winters stated support for continued fossil fuel financing in an interview in 2022, although he did advocate for an active role of the finance sector in addressing a just transition. Standard Chartered has stated broad support for sustainable finance policy in blogs on its website and CDP responses.
Position on Taxonomies: In various 2020 blogs, Standard Chartered appeared to express support for the EU's taxonomy. In feedback to the Commission in its Renewed Strategy, Standard Chartered supported the extension of the taxonomy to cover environmentally harmful activities, as well as social issues. In response to a 2019 FCA green finance consultation accessed through a freedom of information request, Standard Chartered expressed some minor concerns about the availability of data required to use the taxonomy in practice and stated support for regulated corporate ESG disclosure again with some minor caveats around the ability to gather the required data. However, in response to the FCA in 2021, it offered broad support for the UK Green Taxonomy. In its 2021 CDP response, Standard Chartered also offered support for a Green and Transition taxonomy in Singapore.
Position on Regulated Corporate ESG Disclosure: In response to the European Commission's Technical Expert Group (TEG) in 2019, Standard Chartered supported an update to the non-binding guidelines for reporting climate-related information with some significant exceptions concerning the need for financial firms to disclose information on environmentally damaging activities. However, in response to FCA’s consultation and CDP in 2020, Standard Chartered supported the mandatory implementation of TCFD/climate disclosures for listed issuers. In response to the ISSB in 2022, it broadly supported the proposed climate disclosures, which will be likely to inform government policies, except for the need for industry-specific requirements.
Position on Integrating ESG into Investor Duties & Risk Management: In response to the European Commission and CDP in 2020, Standard Chartered also supported the need to incorporate ESG risks into prudential regulation. It also appeared to support suggestions to create guidance on including ESG preferences in investor financial advice and sustainability products as a default option.
Position on ESG Standards, Labels & Benchmarks: Standard Chartered supported verification mechanisms for the EU Green Bond Standard but only some of the Commission's suggested new ESG labels in response to the Renewed Sustainable Finance Strategy Consultation in 2020. In 2021, it supported the creation of a “new gold standard for ESG bonds” in the UK.
Lobbying Transparency: On its website, Standard Chartered has disclosed that it responds to consultations regarding sustainable finance, but it does not give details of positions taken. Standard Chartered has disclosed its trade association memberships but has not given any further details of its governance of indirect influence.