Standard Chartered is a leading international bank with a 170 year history in the UK, focused on helping people and companies prosper across Europe, the Americas, Asia, Africa and the Middle East.

Standard Chartered has a sustainable finance portfolio composed of sustainable loans and projects that meet the criteria set out in its Green and Sustainable Product Framework. Financial services provided to such companies and projects generate income for Standard Chartered as well as help support sustainable development outcomes.

The impact of these loans and other financial services are summarised and made publicly available in Standard Chartered’s Sustainable Finance Impact Report. The information contained in that report is reviewed by an independent ESG risk advisory firm called Sustainalytics.

Standard Chartered has an important role to play in supporting its clients, sectors and markets to deliver net zero, but to do so in a manner that supports livelihoods and promotes sustainable economic growth. It currently provides financial services to clients, sectors and markets that contribute to greenhouse gas emissions, including activity in carbon-intensive sectors. However it is committed to net zero in its own operations by 2025 and in its financed emissions by 2050, and to increasing the proportion of sustainable and transition finance it offers.

Shoal will only place funds with Standard Chartered for the purposes of being referenced against sustainable investments that are part of the bank’s sustainable finance portfolio.