89 / 276
87
BANKING & FINANCE
operates and how it supports and
includes the communities of the
markets it operates in, the bank’s
sustainability aspirations are aligned
to the United Nations Sustainable
Development Goals.
As a group, Standard Chartered
has pledged to: reduce emissions
associated with its financing activities
to net zero by 2050, setting 2030
interim targets in its most carbon-
intensive sectors; ensure it continues
to support clients as they transition by
catalysing finance and partnerships,
including a plan to mobilise USD300
billion in green and transition finance;
and accelerate solutions to support a
just transition in its markets, including
launching new sustainable products
for clients.
In Brunei, Standard Chartered was
the first capital license holder to offer
the first Sustainable and Responsible
Investing (SRI) unit trust fund in
Brunei. The fund invests in quality
companies that generate structural
growth with attractive valuations and
positive impact to society following
environmental, social and governance
(ESG) principles and offers an attractive
investment option for clients looking to
make a positive impact through their
investment.
In Brunei, the bank is committed to eco
targets of reducing paper printing and
increasing recyclable waste.
Its main office in Bandar is also certified
as the first single-use plastic-free
building by Global Commercial Real
Estate Services (CBRE).
By going digital and reducing manual
processes, the bank aims to achieve
high targets that it has set for itself.
In addition, the bank is keen to
provide thought leadership to relevant
government agencies on sustainability
themes and to consider having sector-
led sustainable finance events to help
clients and stakeholders understand
the transitioning journey.
Digitising services and processes
offers opportunities to go paperless
and reduce carbon output from
driving to visit a physical branch
while also aligning with clients’ need
for convenience and the country’s
aspirations to promote digitisation in
order to be future ready to achieve
a sustainable development for the
country.
Looking forward
As countries open up and consumers
emerge to take advantage of travel
restriction easing, Standard Chartered
is focussed on delivering on overall
performance goals for its clients and
investors while keeping lessons learnt
from the pandemic close at heart in
order to serve its clients best.
The bank will continue to lead the way
on collaborative partnerships for the
mutual benefit of its clients as well as to
continue providing innovative banking
solutions in areas of digital services
and wealth management.
Standard Chartered also sees itself as a
key partner to stakeholders in providing
thought leadership on sustainable
finance and driving the transition
agenda for its clients.