Standard Chartered is a leading international banking group headquartered in London, United Kingdom. The company operates in the diversified banks sector and provides a range of financial services to clients across the globe. With a history dating back over 160 years, Standard Chartered has built a reputation for its commitment to sustainable business practices and its focus on supporting economic growth in emerging markets.
As the world faces the challenges of climate change, Standard Chartered has taken a proactive approach to decarbonisation. The company has set ambitious targets to reduce its carbon footprint and has implemented a number of initiatives to achieve these goals. One of the key areas of focus for Standard Chartered is corporate energy, with the company working to reduce its energy consumption and increase its use of renewable energy sources.
To achieve its corporate energy goals, Standard Chartered has implemented a number of energy efficiency measures across its global operations. These include the installation of energy-efficient lighting and HVAC systems, the use of smart building technologies to optimise energy use, and the implementation of energy management systems to monitor and control energy consumption. The company has also invested in renewable energy projects, such as wind and solar power, to reduce its reliance on fossil fuels.
In addition to its own energy consumption, Standard Chartered is also supporting the decarbonisation efforts of its clients. One way in which the company is doing this is through the use of corporate power purchase agreements (PPAs). Corporate PPAs allow companies to purchase renewable energy directly from a generator, providing a stable source of renewable energy and helping to drive the development of new renewable energy projects.
Standard Chartered has been a pioneer in the use of corporate PPAs, with the company signing its first agreement in 2018. Since then, the company has continued to expand its use of PPAs, signing agreements for renewable energy projects in markets such as India, Thailand, and Taiwan. By using corporate PPAs, Standard Chartered is not only reducing its own carbon footprint but is also helping to accelerate the transition to a low-carbon economy.
Overall, Standard Chartered is committed to playing a leading role in the decarbonisation of the global economy. Through its focus on corporate energy, the use of corporate PPAs, and its investment in renewable energy projects, the company is demonstrating its commitment to sustainable business practices and its role as a responsible corporate citizen. As the world continues to face the challenges of climate change, Standard Chartered is well-positioned to help drive the transition to a more sustainable future.