In 2023, Standard Chartered disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.
Standard Chartered disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.
However, Standard Chartered did not provide a breakdown of its energy sources or generation technologies, limiting visibility into its energy mix and the role of renewables versus fossil fuels.
Metric (GJ) | 2024 | 2023 | 2022 | 2021 - 2017 |
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Total Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Renewable Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Non-renewable Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
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In 2023, Standard Chartered consumed a total of 622,800 Gigajoules of energy across its operations. Of this total, 10.4% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 89.6% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power.
In 2023, Standard Chartered consumed a total of 622,800 Gigajoules of energy, of which 10.4% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.
This low level of renewable energy use highlights a heavy reliance on fossil fuels or other non-renewable sources, suggesting that Standard Chartered has considerable room to improve its energy sustainability strategy.
Since 2021, Standard Chartered's total energy consumption decreased by 5.46%, including a further 2.26% drop in 2023, highlighting a continued decline in energy use.
Over the same period, the share of renewable energy decreased by 34.34%, with a further 26.34% drop in 2023, highlighting a weakening in renewable energy performance.
Overall, Standard Chartered’s energy trends reveal a complex picture, with variations in total consumption and renewable sourcing. A closer examination of operational drivers and sourcing strategies is needed to fully assess the company’s environmental impact.