Picking up the World’s Best Bank for Sustainable Finance award in Global Finance’s annual listing of the best banks is testament to the strides Standard Chartered has made using finance to tackle climate and sustainability challenges.
The Bank’s place as a global sustainability leader was also recognised – and it was named the World’s number-one Bank for Blended Finance,– where private capital leverages donor flows to support development impact.
Winning World’s Best Sub-Custodian Bank at the Global Finance World’s Best Sub-custodian Banks Awards was not only a reward for Standard Chartered’s deep relations with sovereign wealth funds in the Middle East, but also recognition for the Bank’s expansion in the region.
Standard Chartered’s assets under custody expanded sharply in the region in 2018, and its revenue from securities services more than doubled.
An innovative funding strategy called the Synthetic Borrowing Unit (SBU) composed of a basket of G10, Asian and emerging market currencies, played a major role in Standard Chartered winning the Currency Derivatives House of the Year at the Asia Risk Awards 2019.
The SBU was introduced to offset risks involved with currency market volatility in illiquid markets prone to large swings, and is one of a number of products rolled out by Standard Chartered designed to minimise currency risk for clients.
In an award-laden year, Standard Chartered also picked up three FinanceAsia House Awards. The Bank was honoured with achievement awards for Green Financing – International; Project Finance House – International; and Syndicated Loan – International.
Towards a sustainable future
When global business and government leaders gather for Davos 2020 from January 21 to 24, they will be rallying around the theme of 'Stakeholders for a Cohesive and Sustainable World'.
The annual Swiss event, organised by the World Economic Forum, will bring together 3,000 participants and aims to give concrete meaning to stakeholder capitalism, assist governments and international institutions in tracking progress towards the Paris Agreement and the Sustainable Development Goals, and facilitate discussions on technology and trade governance.
International Women's Day 2020
Standard Chartered has embraced the International Women’s Day 2020 theme of #EachforEqual and are taking a leadership role in hosting a series of a gender-equal events around the world.
This leadership role is further evidenced by Standard Chartered’s own commitment to having women occupy 30 per cent of its senior roles by next year.
