Expanding our goals for reducing greenhouse gases
Standard Chartered is improving its plan to achieve net zero emissions by promising to cut down on methane (CH4) emissions.The company has committed to establishing a baseline and setting a science-based target for reducing sector-specific methane emissions by 2025, in addition to its focus on reducing carbon dioxide-related financed emissions. Standard Chartered aims to be net zero by 2050 and has committed to set a baseline and identify a science-based target for sector-specific methane emissions by 2025, in line with its focus on reducing carbon dioxide-related financed emissions.
Following the release of our 2023 Annual Report Annual Report in line with our position statements According to our position statementsStandard Chartered has updated its approach to reducing greenhouse gas emissions and is now focusing on methane emissions resulting from client activities. stated ambition aspirations announced
Standard Chartered is aligning with industry leaders to address methane emissions, as outlined at COP28, and emphasizes the importance of mitigating methane's significant impact on climate change.
Marisa Drew, Chief Sustainability Officer, commented that addressing methane emissions is crucial in reducing the overall impact of greenhouse gases. She stressed the importance of supporting and encouraging the movement to new industry best practice with further accountability and transparency by setting targets that build on existing decarbonization efforts.Marisa Drew, Chief Sustainability Officer, emphasized the critical nature of addressing methane emissions for reducing the collective impact of greenhouse gases, and the importance of supporting and encouraging the movement to new industry best practices..”
