Bank Uses #CSR, #Environmental and #Socialmedia Tools to Choose Clients.

Standard Chartered Bank has developed sector-specific environmental and social (E&S) risk assessment (ESRA) tools used to evaluate a client’s operations and ability to manage E&S risks. ESRAs help the bank assess a client’s performance against industry peers and build a long-term view of their ability and capacity to manage E&S risks and associated challenges. It considers prospective clients’ track record in complying with relevant laws and regulations along with their E&S management systems, and their plan and strategy for reducing greenhouse gas emissions and water conservation and pollution. All project finance transactions are categorized and assessed against the Equator Principles. Standard Charter will not finance certain projects such as forestry operations in primary forests or operations with evidence of child labour.

Read full at:
www.standardchartered.com/en/sustainability/index.html

Sources provided by David Schaller
www.sustainablepractices.info