Standard Chartered PLC 2020 AR2
The report outlines Standard Chartered's strategic and financial performance for the year 2020, highlighting its resilience during the COVID-19 pandemic. The company committed $1 billion in not-for-profit loans to fight COVID-19 and established a $50 million Global Charitable Fund. It also set a target to fund and facilitate $75 billion of sustainable infrastructure, clean tech, and renewables between 2020 and 2024. Despite a 40 percent decline in underlying profit before tax due to low interest rates and elevated impairments, the company maintained a strong capital position with a Common Equity Tier 1 ratio of 14.4 percent.
Company: Standard Chartered PLC
Sector: Finance & insurance
Country: United Kingdom
Year: 2020
Type: AR2
Pages: 104
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Standard Chartered PLC
Strategic Report
The report outlines Standard Chartered's strategic and financial performance for the year 2020, highlighting its resilience during the COVID-19 pandemic. The company committed $1 billion in not-for-profit loans to fight COVID-19 and established a $50 million Global Charitable Fund. It also set a target to fund and facilitate $75 billion of sustainable infrastructure, clean tech, and renewables between 2020 and 2024. Despite a 40 percent decline in underlying profit before tax due to low interest rates and elevated impairments, the company maintained a strong capital position with a Common Equity Tier 1 ratio of 14.4 percent.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Net Zero Target
Employees