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Climate shift to help boost StanChart income by almost $1 billion, CEO says

Climate shift to help boost StanChart income by almost $1 billion, CEO says


Published on 2025-01-21 11:20:57 - Reuters
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  • Standard Chartered is set to book almost $1 billion in income in 2025 from business geared towards helping clients meet sustainability goals, CEO Bill Winters told executives at the World Economic Forum in Davos,

Standard Chartered's CEO, Bill Winters, has indicated that the bank's strategic shift towards financing sustainable projects, particularly in renewable energy, could boost its income by nearly $1 billion. This projection was shared during a panel at the World Economic Forum in Davos. Winters highlighted that the bank has already seen a significant increase in sustainable finance, with $36 billion deployed in 2023, up from $17 billion in 2022. This focus on sustainability not only aligns with global climate goals but also positions Standard Chartered to benefit from the growing market for green finance. The bank aims to increase its sustainable finance to $300 billion by 2030, with a particular emphasis on Asia, Africa, and the Middle East, where it sees substantial opportunities for growth in renewable energy sectors.

Read the Full Reuters Article at:
[ https://www.reuters.com/sustainability/sustainable-finance-reporting/climate-shift-help-boost-stanchart-income-by-almost-1-billion-ceo-says-2025-01-21/ ]
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