Standard Chartered will be announcing new oil and gas emissions reduction targets at its upcoming annual general meeting, said the British banks first chief sustainability officer (CSO) Marisa Drew, who was appointed to the role in July 2022. Source:Standard Chartereds Full Year Annual Report 2022. The team has stayed on track to deliver a solid performance and through it all, has exhibited great focus, discipline and resilience. Fast track your studies with exemptions. 4. The EDGE green building certification provides a transparent pathway for buildings to achieve carbon neutrality from a minimum of achieving 20% or more savings in energy, water and embodied energy in materials to the highest certification level of "Zero Carbon". Standard Chartered Bank Uganda was appointed by Bank of Uganda as one of seven Primary Dealer Market Maker (PDMM) for Ugandan government securities in October 2020. Our financial performance is improvingLater in this report, Bill and Andy Halford, our Group Chief Financial Officer, will set out more detail on our financial performance as we navigated the second year of the pandemic. Under the MoU, Standard Chartered's clients who are eligible for green financing will be able to enjoy free advisory services1 from the Sintali-SGS EDGE Expert Partner Network for participating in the EDGE certification. WebStandard Chartered Bank. candidates are required to answer any four questions from the remaining five Skip to document Ask an Expert Sign inRegister Sign inRegister Home Ask an Truth Be Told (TBT) Finance Matters; 1 Day Range 625.40 - 659.00. We engage with relevant authorities to play our part in supporting the effective functioning of the financial system and the broader economy. This report details the accounting policies that will be used in the preparation of the 2022/23 accounts. In 2021, our Credit Cards and Personal Loans business returned to profitability with a strong improvement in the cost-to-income ratio. *Past performance is no indicator of future performance, and testimonials are provided by third parties for informational purposes only and are not intended and should not be taken to be financial product advice. The revenue-based carbon intensity model measures the amount of greenhouse gas emitted from the loans and investments provided by a financial institution to its clients as a proportion of their revenue. Our focus is now on executing against the priorities at pace, and we are making progress on each of them. Our performance in the second half of 2021, and into this year, gives us confidence that we are on track to achieve our strategic and financial objectives. This aligns the executive directors pension arrangement with all UK employees of Standard Chartered from the start of 2020 and means that: Bills pension allowance reduced by 50 per cent from 474,000 to 237,000 on 1 January 2020 Against this backdrop, we have not achieved the returns we seek for investors. CIMA annual report and Financial Against this existing intensity metric, StanChart recorded an 8 per cent reduction year-on-year in financed oil and gas emissions last year. Retirement Benefits: Pension retirement plan. Standard Bank Group Limited (SBG or group) headline earnings for the twelve months to 31 December 2021 (FY21) rebounded by 57% to R25.0 For example, we recently announced the merger of the Technology and Operations functions into one global organisation, simplifying the structure and driving synergies. As a CGMA, you get access to a wide range of benefits and services - explore whats available to you and ensure youre making the most of your membership. The bank also reported a 30.3 per cent decline in absolute emissions for its coal mining portfolio in the past year. Finally, I would like to highlight the remarkable efforts of our 82,000 colleagues again this year. This means that when client revenues increase, the banks revenue-based emissions intensity will decrease. Decision: The bonds should be refunded The exposure to coal mining in its loan book has been brought down from US$133 million in 2021, to US$69 million in 2022, with no new coal mining loans made. In what appears to be a cost-cutting strategy, Standard Chartered Bank plans to close its, Nakawa market community has elected new leaders amidst joy and jubilation byvendors. Mox, was first launched in 2020. The transformation that is underway is creating a more efficient and agile organisation with higher growth potential. COSO Internal Control Certificate Programme, CIMA's Annual Report and Financial Statements, CIMA annual report and Financial Statements, Chartered Global Management Accountant - CGMA, The Global Management Accounting Principles. Dividend and share buy-backsAs Andy will explain later in this report, our results in 2019 show good progress on the medium-term financial objectives that he and Bill laid out at the start of the year. As the bank for the new economy, we will ensure we continue to shape our business to drive their success and ours for the future. Our 93,000 employees operate a network of 2,600 offices and laboratories, working together to enable a better, safer and more interconnected world. Standard Chartered Bank Communication on Progress 2021 Participant. By 2025, Asia Affluent assets and the Asia, Africa and Middle East Mass Retail revenue pool are expected to grow annually by 9 per cent and 7 per cent, respectively, compared to 6 per cent and 5 per cent, respectively, for the rest of the world. Whether youre a self-studier or studying with a tuition provider, you can create a fully personalised study plan to fit in with your busy schedule. The history of Standard Chartered in Hong Kong dates back to 1859. The Councils accounting concepts and policies are the specific principles, 2021 was another year of extraordinary global turbulence, with recovery from COVID-19 a mixed picture across the globe. Standard Chartered - Integrated Annual Report 2021 - Integrated Annual Report 2021. Our strategy brings the dynamism of our markets to life in our business. We actively engage with governments, regulators and policymakers at a global, regional and national level to share insights, and to support the development of best practice and the adoption of consistent approaches across our markets. Organization: Section Text (a) Federal Charter.The American National Red Cross (in this chapter, the "corporation") is a Federally chartered instrumentality of the United States and a body corporate and politic in the District of Columbia. Associating data and ratings with the right entity. Webeverlon synthetics limited. Diversity and inclusion: women in senior roles. On StanCharts continued partnership with the oil giant, Drew responded: Saudi Aramco, I will tell you, is one of the most committed to the green transition.. WebFind out more about arrangements for the 2021 AGM. Login below to access our online services for members, students and business partners. Operating income (underlying, millions) .4%. We strive to operate as a sustainable and responsible company, collaborating with local partners to promote social and economic development. By providing solutions for Standard Chartered's clients, we hope to help deploy green buildings at scale across the world," said Thomas Saunders, Managing Director at Sintali. Our refreshed Sustainability Aspirations reinforce our commitment to the UNs Sustainable Development Goals (SDGs). As such, we are fully committed to taking the operational actions outlined above to underpin attainment of double-digit RoTE. Standard Chartereds exposure to high-carbon sectors via loans and advances as well as undrawn commitments and financial guarantees. For more information, visit www.sintali.com. This site cannot substitute for professional investment advice or independent factual verification. We must constantly assess and adapt to significant change a skill I see as being core to the Groups DNA. By maintaining discipline on the things within our control and keeping a sharp focus on the areas in which we are most differentiated, we grew underlying earnings per share 23 per cent and generated a further significant improvement in our return on tangible equity (RoTE). We are on track to digitise our business and form strategic collaborations: we launched digital banking platforms in a further eight markets in Africa; received a coveted licence to launch a standalone virtual bank in Hong Kong; and boosted our corporate banking capabilities through a series of partnerships with Linklogis, IBM and SAP Ariba. Please sign up for free to continue reading! Standard Chartered will be announcingnew oil and gas emissions reduction targets at its upcoming annual general meeting, said the British banks first chief sustainability officer (CSO) Marisa Drew, who was appointed to the role in July 2022. WebEnglish language and literature (ENG01) B sc nursing (000) BA Honours Political Science Sociology I (BL111) Bba llb (301) Bachelor of computer application (bca) Corporate Finance Equity law (Equity) LLB Production and operations management system (BBA 2.6) LLB (001) engineering physics (18phyl16/26) For more details about EDGE, please visit: edgebuildings.com/certify. Our ambition of delivering 10 per cent return on tangible equity remains as resolute as ever and we are working to accelerate its achievement by 2024. I want to be clear. ", Vivek Pathak, Director and Global Head for Climate Business at International Finance Corporation, said: "We are glad to have Standard Chartered's help to promote EDGE green building certification among their clients across the globe as we believe greening construction will be a key part in achieving carbon neutrality.". WebStandard Chartered has reported in accordance with the GRI Standards for the period 1 January 2021 to 31 December 2021. April 2021 April 2022 This form of lending activity typically falls under the banks undrawn commitments, but the Net-Zero Banking Alliance guidelines do not presently require members to set targets for these so-called facilitated emissions. We are part of the solution in bridging what the UN estimates to be a $2.5 trillion a year funding gap. 626.80 GBp. By building and fostering long-term relationships with our clients, we can serve them better, deepen our relationships, uphold our reputation and attract new customers to grow our business. Rather, it means that the high-carbon emitting industries in its portfolio have to have a credible transition plan so that the carbon emissions from the banks financing reduce over time. Highlights include obtaining one of the first virtual bank licences in Hong Kong, successful completion of the Groups first ever share buy-back our next will start shortly and agreeing to sell our stake in our Indonesian joint venture, Permata. -23.60 -3.63%. Less: Tax saving on interest and amortization (0 x [18 + (18-12)/5]) 5. WebStandard Chartered Bank Report this profile Report Report BackSubmit About Hello! Web2020 - 2021 Chartered Institute of Personnel Management (CIPM). A perfect example of this in 2019 was how colleagues adapted to the disruption in Hong Kong to maintain their client focus in the second half of the year; truly exemplifying our valued behaviours. Standard Chartered Announcement. Producing competent and confident management accounting professionals who can guide and lead their organisations to sustainable success. Help us fulfil our purpose driving commerce and prosperity through our unique diversity, As a leading international bank, we strive to help people and businesses prosper across Asia, Africa and the Middle East, Were committed to sustainable social and economic development across our business, operations and communities including achievement of net zero emissions and the UN Sustainable Development Goals, We are the bank for the new economy - of people and ideas, of technology and trade, Group Chairman and Group Chief Executive statements, Jos Vials and Bill Winters on our results, Driving success for our clients through collaboration and innovation. This infuses everything we do, connecting our strategy with opportunities to drive growth and deliver our societal ambitions. Our markets have plenty of growth potential, reflecting rapid industrialisation and relatively young and hard-working populations. This is despite volatile geopolitics and lower interest rates. We exit the second year of the pandemic rooted in markets with strong growth prospects. Dubai, United Arab Emirates. CIMA's Annual Report and Financial Statements (PDF 6MB) 2020. Less: Initial outlay 19. For example, our new legal entity structures in Hong Kong and Singapore are already allowing us to better deploy our strong capital and liquidity to generate income more efficiently, Having met our previous $4 billion target early, we increased our aspiration for funding and facilitating renewable energy to $35 billion from 2020 to the end of 2024, We will only support clients who actively transition their business to generate less than 10 per cent of their earnings from thermal coal by 2030, and will review our activities within other industries generating substantial CO, We are targeting net zero emissions and to use only renewable energy sources by 2030, We have launched a number of innovative sustainable finance products linked to the SDGs, Interest rates continue to fall, putting pressure on our net interest income despite ongoing efforts to improve our cost of funding, The global economy is still driven disproportionately by markets in our footprint, but is growing at a slower pace than before, China and the US only recently passed the first phase of what is likely to be a drawn-out process to resolve their differences, Our largest market, Hong Kong, tipped into recession, driven by a combination of the extended US-China trade dispute, slower economic growth in China and local social unrest, And more recently, the outbreak of the novel coronavirus (Covid-19) comes with unpredictable human and economic consequences. She also spoke highly of Abu Dhabi National Oil Company (Adnoc) CEO Sultan al-Jaber and chair of this years COP28 climate conference: He will tell you chapter and verse on what theyre doing to transform that company.. An innovation of IFC, EDGE helps property developers to build and brand green in a fast, easy and affordable way. This means that instability and rapid change are becoming the new normal. Good cost discipline allowed us to generate positive income-to-cost jaws in the second half of the year. Volume 6,091,045. So as a percentage, it looked like emissions were reducing faster than they were. We believe great employee experience drives great client experience. CIMA annual report and Financial Statements (PDF 6MB) 2019 . This means we can face an uncertain future confidently, while we continue to expand our capabilities to keep pace with evolving threats such as cyber and financial crime. 2. Confidence in our overall asset quality and earnings trajectory allows us to return significant capital to shareholders: we are announcing today a $750 million share buy-back, starting imminently, together with a 12 cents per share full-year dividend, up a third on 2020. 5. .5%. Executive Director and Regional Chief Information Security Officer (AME) covering 25+ countries across Middle East, Africa and Pakistan. WebInstitute of Chartered Shipbrokers qualification. We are SGS the world's leading testing, inspection and certification company. There are many areas where we have made good progress in recent years despite the pandemic, including returning CPBB to profitability in China and Korea, almost trebling the cumulative operating profit from our four large optimisation markets and releasing around $15 billion of RWA through exits, including the sale of our Permata joint venture. This file opens in a new windowFull report | pdf, This file opens in a new windowStrategic report | pdf, This file opens in a new windowOur strategy | pdf, This file opens in a new windowSegments and regions | pdf, This file opens in a new windowDirector's report | pdf, This file opens in a new windowStakeholders and responsibilities | pdf, This file opens in a new windowRisk review and capital review | pdf, This file opens in a new windowFinancial statements and notes | pdf, This file opens in a new windowSupplementary information | pdf, This file opens in a new windowTaskforce on Climate-related Financial Disclosures | pdf. To promote social and economic development experience drives great client experience being core to the DNA. Report this profile Report Report BackSubmit About Hello factual verification amortization ( 0 x [ +... Report BackSubmit About Hello December 2021 together to enable a better, safer and more interconnected.! 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