In 2024, Standard Chartered completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Standard Chartered has also provided a category-level breakdown for 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 7,696a | 8,488a | 2,071a | |
Total Scope 2 | ||||
Market-Based | 17,272a | 26,246a | 47,363a | |
Location-Based | N/A | 85,741b | 89,410b | |
Total Scope 3 | 38,749,672a | 45,891,692a | 54,452,607a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.3839a | 0.4791a | 0.128a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Standard Chartered amounted to 24,968 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Standard Chartered decreased by 73.5%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
In 2024, the total Scope 1 emissions of Standard Chartered were 7,696 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Standard Chartered's Scope 1 emissions have increased by 69.44%, reflecting a rising long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2023), Standard Chartered's Scope 1 emissions decreased by 9.33%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Standard Chartered reported Scope 2 greenhouse gas (GHG) emissions of 17,272 tCO₂e using the market-based method.a
Since 2019, Standard Chartered's Scope 2 greenhouse gas (GHG) emissions (Market-Based) have decreased by 87.82%, reflecting a declining long-term trend in Scope 2 emissions over time.ac
In 2024, Standard Chartered reported its Scope 2 emissions using the market-based method.a
In 2024, Standard Chartered reported 38,749,672 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Standard Chartered includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Standard Chartered reported total Scope 3 emissions of 38,749,672 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 1.47% of these emissions originated from upstream activities such as purchased goods and capital goods, while 98.53% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Standard Chartered's Scope 3 emissions have increased by 27,081.69%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), Standard Chartered's Scope 3 emissions decreased by 15.56%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, Standard Chartered reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to Standard Chartered's Scope 3 emissions were:a
In 2024, Standard Chartered reported Scope 1 greenhouse gas (GHG) emissions of 7,696 tCO₂e and total revenues of USD 20,047 millions. This translates into an emissions intensity of 0.38 tCO₂e per millions USD.a
In 2024, Standard Chartered reported a Scope 1 emissions intensity of 0.38 tCO₂e per millions USD. Compared to the peer group median of 0.56, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Standard Chartered ranked 7 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Standard Chartered is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Standard Chartered reported a total carbon footprint of 38,774,640 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 15.68% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to Standard Chartered's total carbon footprint was Scope 3 emissions, accounting for 99.94% of the company's total carbon footprint, followed by Scope 2 emissions at 0.04%.a