Standard Chartered PLC

We're in regular dialogue with our key stakeholders to help us identify and understand environmental and social trends and opportunities in our markets. We share stakeholder feedback internally to senior management through the relevant forums and governing committees, such as the Sustainability Forum, and to the Board's Culture and Sustainability Committee which oversees the Group's approach to its main stakeholder relationships. We communicate progress with external stakeholders each year in our Annual Report and our sustainability reports and publications.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]In line with our aim to be net zero in our operations by 2025 and in our financing by 2050, all of our engagement is in line with the objectives of reaching the goals of the Paris Agreement. This covers our engagement with clients, shareholders, NGOs, external stakeholders and with policymakers.
Policymakers and regulators across the Group's footprint are beginning to consult, propose or publish policy and regulatory frameworks to green the financial system, manage environmental risks and social impacts, and support the development of sustainable finance. The Sustainable Finance Regulatory Policy Forum ("the Forum†), appointed by the Group Responsibility and Reputational Risk Committee (GRRRC), manages the Bank's positions, external engagement and platform participation with regards to such policy and regulatory developments. The Forum will act as a clearing house for agreeing, maintaining and updating Bank-wide positions on policy and regulatory developments, ensuring that the Bank is consistent in its external messaging and internal application as well as maximising the Bank's influence in its engagement with policymakers and regulators in service of its vision and business objectives, bilaterally and through trade associations and industry platforms. The Forum will also ensure that the GRRRC is sighted on horizon policy and regulatory developments that may have a material impact on the business and/or operations of the Bank and propose recommendations to form implementation programmes.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]In line with our aim to be net zero in our operations by 2025 and in our financing by 2050, all of our engagement is in line with the objectives of reaching the goals of the Paris Agreement. This covers our engagement with clients, shareholders, NGOs, external stakeholders and with policy-makers.