2 BACKGROUND
Standard Chartered PLC is a British multinational financial institution headquartered in London (England). Sir John Peace is the chairman of the board and Bill Winters is the group CEO. In India, Standard Chartered Bank (S.C.B.) has been in operation since 1858 and is India’s largest international bank with 99 branches in 42 cities . The bank’s Indian operations are headed by Sunil Kaushal (CEO) and is headquartered in Mumbai.
3 SOCIAL RESPONSIBILITY ACCORDING TO STANDARD CHARTERED BANK
S.C.B is committed to using its position as a leading banking and financial services business to promoting positive social and economic development in every country that it operates in. The business claims to not just think about sustainability …show more content…
The main impact that S.C.B has on the society and environment is through the business activities that it finances. Therefore S.C.B works with the government, communities and N.G.Os on a continual basis to limit the societal or environmental risks that stem from its financing decisions.
S.C.B expects all its partners and clients to adhere to industry-wide benchmarks such as International Finance Corporation and the Equator Principles that would help create competitive advantage for its clients and help strengthen and develop long term relationships and contribute to sustainable economic growth in the local communities that they operate in. By mandating its business partners to adhere to these industry wise benchmarks, S.C.B also mitigates the risk of its investments facing heavy civil society outrage or legal disputes.
3.1.2 Access to …show more content…
We help individuals,small and mid-size companies to large businesses to grow and protect their wealth.We believe in working with local communities to promote social and economic development.
3.4.2 Social responsibility and Business Model
Over the years we have worked to ensure that our community investment priorities support the MDGs.
Goal 1 : Eradicate extreme poverty and hunger
Our commitment:
• Provide financing and technical assistance for microfinance institution (MFI) clients in Asia and Africa to enhance the capacity to extend loans to more people in our markets.
• Provide financial education to micro and small businesses in our markets.
Our
Standard Chartered PLC is a British multinational financial institution headquartered in London (England). Sir John Peace is the chairman of the board and Bill Winters is the group CEO. In India, Standard Chartered Bank (S.C.B.) has been in operation since 1858 and is India’s largest international bank with 99 branches in 42 cities . The bank’s Indian operations are headed by Sunil Kaushal (CEO) and is headquartered in Mumbai.
3 SOCIAL RESPONSIBILITY ACCORDING TO STANDARD CHARTERED BANK
S.C.B is committed to using its position as a leading banking and financial services business to promoting positive social and economic development in every country that it operates in. The business claims to not just think about sustainability …show more content…
The main impact that S.C.B has on the society and environment is through the business activities that it finances. Therefore S.C.B works with the government, communities and N.G.Os on a continual basis to limit the societal or environmental risks that stem from its financing decisions.
S.C.B expects all its partners and clients to adhere to industry-wide benchmarks such as International Finance Corporation and the Equator Principles that would help create competitive advantage for its clients and help strengthen and develop long term relationships and contribute to sustainable economic growth in the local communities that they operate in. By mandating its business partners to adhere to these industry wise benchmarks, S.C.B also mitigates the risk of its investments facing heavy civil society outrage or legal disputes.
3.1.2 Access to …show more content…
We help individuals,small and mid-size companies to large businesses to grow and protect their wealth.We believe in working with local communities to promote social and economic development.
3.4.2 Social responsibility and Business Model
Over the years we have worked to ensure that our community investment priorities support the MDGs.
Goal 1 : Eradicate extreme poverty and hunger
Our commitment:
• Provide financing and technical assistance for microfinance institution (MFI) clients in Asia and Africa to enhance the capacity to extend loans to more people in our markets.
• Provide financial education to micro and small businesses in our markets.
Our