Standard Chartered Sets Targets to Cut Financed Emissions From Carbon-Intensive Sectors
October 28 2021 - 05:18AM
Dow Jones News
By Jaime Llinares Taboada
Standard Chartered PLC on Thursday announced new targets to
reduce financed emissions from coal mining, oil and gas, and
power.
The Asia-focused bank said it aims to reduce absolute financed
thermal coal-mining emissions by 85% by 2030, in addition to
stopping financing companies that expand in thermal coal.
Standard Chartered is targeting to reduce the quantity of
greenhouse gas emitted by clients per U.S. dollar of their revenue
by 63% for power companies, by 33% for steel and mining, and by 30%
for the oil and gas industry.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
October 28, 2021 06:03 ET (10:03 GMT)
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