Dive Brief:
- Standard Chartered has launched a platform that aims to help its smaller suppliers measure, manage and decrease their carbon footprint, the United Kingdom-based bank announced this week.
- The bank’s “Supply Net Zero” platform will help suppliers better understand where their emissions originate from; what steps can be taken for mitigation and reduction; and provide resources, tools and guidance to accelerate decarbonization progress, Standard Chartered Group Chief Operating Officer Tanuj Kapilashrami said in a LinkedIn post Tuesday.
- While transactions with clients make up the bulk of Standard Chartered’s scope 3 or indirect emissions, the bank’s own supply chain generated 441,178 metric tons of carbon dioxide equivalent in 2025, according to its latest sustainability report.
Dive Insight:
Kapilashrami added that the bank’s progress towards its net-zero targets relies on how it will “support [its] clients and suppliers to make progress on their own sustainability journeys.”
Standard Chartered has a goal to reach net-zero financed emissions across lending and investment activities by 2050. The bank also has a long-term target to direct half of its total spend with suppliers to those who are actively trying to decarbonize their activities and have set science-based emissions reduction targets. The bank said 54% of its supplier spend is now being utilized by suppliers who have such emission reduction targets in place, according to its website.
Kapilashrami said the platform’s launch comes at a pivotal point for Standard Chartered’s own sustainability journey, noting that over the past year, the bank saw supplier emissions intensity decrease by 6%. The COO said that the reduction demonstrates that “business growth and environmental progress can go hand in hand.”
“Where suppliers are not on their own decarbonization journey, our platform will support them to collaborate, share best practices, and accelerate decarbonization across the value chain supporting our ambition to work with like-minded companies,” she added.
The platform is open and free to use for all of the bank’s suppliers.
