Standard Chartered Sustainable Finance Impact Report 2024

The Standard Chartered Sustainable Finance Impact Report 2024 is a comprehensive document detailing the impact of the bank's Sustainable Finance asset portfolio. The report outlines the eligibility criteria for assets included in this portfolio, specifically those that align with the Sustainability Bond Framework. It presents the financial metrics of Sustainable Finance instruments, including green, social, and sustainability bonds, and highlights the significant achievements in terms of CO2 emissions avoided, SME loans disbursed, and water supplied. The report indicates a year-on-year growth of 32% in the Sustainable Finance asset portfolio, reaching USD23.3 billion, with a substantial portion of assets located in Asia, Africa, and the Middle East. Furthermore, the report emphasizes the urgent need for sustainable financing to address global challenges such as climate change and poverty, and it outlines the bank's commitment to mobilizing USD300 billion by 2030. The document also discusses interim targets for financed emissions reduction and the role of innovation hubs in driving sustainability initiatives.