Standard Chartered Wins FT/IFC Sustainable Global Bank of the Year Award

The Financial Times and IFC, a member of the World Bank Group, have named Standard Chartered the 2012 Sustainable Global Bank of the Year as part of the 7th annual FT/IFC Sustainable Finance Awards. The awards highlight leaders in environmentally and socially responsible banking and investment around the world.

The Sustainable Global Bank of the Year Award, given for the first time in 2012, is based on an organisation’s overall approach to sustainability and its specific initiatives to promote sustainable growth. The award recognises Standard Chartered’s resilience during the financial crisis, its strong governance and lending to key sectors including small and medium enterprises and agri-finance.

 “Our sustainability philosophy is at the core of who we are as a bank,” said Mark Devadason who is head of Sustainability and Regional Corporate Affairs at Standard Chartered.  “We are delighted to be the first recipients of the Sustainable Global Bank of the Year Award and glad to see the awards highlight the great work being done throughout our industry to make banking and investment a force for good in the markets we serve.”

The 2012 FT/IFC Awards attracted 161 entries from 145 financial institutions and 36 non-financial groups in 67 countries.

Standard Chartered is a leading international banking group operating for over 150 years in some of the world’s most dynamic markets and earning more than 90 per cent of its profits in Asia, Africa and the Middle East. With 1,700 offices in 70 markets, the Group offers exciting and challenging international career opportunities for nearly 87,000 staff. It is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity as expressed in its brand promise, ‘Here for good’. Standard Chartered PLC is listed on the London and Hong Kong stock exchanges as well as the Bombay and National Stock Exchanges in India.