Standard Chartered PLC — Ethics Grade D

Standard Chartered PLC receives an overall ethics grade of D (34/100) on CancelCo's corporate accountability database. Sector: Financial Services. Market cap: Large Cap.

Category scores

• labor: 55
• privacy: 60
• consumer: 30
• environment: 40
• humanRights: 45

Documented incidents (3)

• Sanctions Violations Fine (high, 2019) — Fined over $1 billion for processing transactions that violated US sanctions against Iran and for poor anti-money laundering controls.
• Continued Fossil Fuel Financing (medium, 2021) — Critiqued by climate groups for providing billions in financing to coal mining and coal power companies despite green marketing campaigns.
• AML Oversight Failures (medium, 2022) — The FCA fined the bank for failing to ensure its anti-money laundering policies were applied correctly in its operations in the UAE.

Documented good deeds

• Net Zero Commitment — Announced a commitment to reach net-zero carbon emissions in financed emissions by 2050 with specific interim targets for heavy industry.

Ethical alternatives

• Triodos Bank — Only lends to organizations that provide social, environmental, or cultural added value.