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Monday, June 10, 2024

Standard Chartered marks World Environment Day



8 June 2024, Dar es Salaam – Standard Chartered (“the Bank”) cleaned up the Msasani Beach club as part of commemorating World Environment Day. The activity held on Saturday, 8 June 2024 coincided timely with the World Oceans Day.

Speaking at the beach cleaning activity, Chief Executive Officer, Standard Chartered said, “When we talk about sustainability, we refer to today’s activities not compromising the future. By cleaning the beach, we are protecting the lives of creatures living under water aligning to the Sustainable Development Goal (SDG) 14. This SDG focuses on conserving and sustainably using the oceans, seas and marine resources for sustainable development”.

At Standard Chartered Bank, sustainability is a core component of its strategy, and one of four Group strategic priorities. This reflects the Bank’s commitment to supporting sustainable social and economic development through its business, operations and community. Since 2019, the Bank has undertaken several sustainability initiatives including but not limited to installation of solar panels, water purification plants, waste management and printer and printing reduction which have contributed immensely to a positive impact on the environment. The number of initiatives taken from 2019 to date have impact on carbon emissions as well as the overall environmental impact from waste recycling. The undertaken initiatives align with the Bank’s strategy of reaching net zero carbon emissions from our own operations by 2025.

Herman said, “As part of the sustainability journey, we have installed 100Kv grid-tied solar system at our Head quarter office. Through our waste recycling journey, we are proud of significant achievements since 2019 to date. We have recycled 3,761 kg of waste. Through recycling, we have saved 9,417 litres of water. Recycling of white paper and cardboards has saved equivalent to 60 trees. Recycling plastic has saved the equivalent of 42 barrels of oil”.

The beach cleaning activity was attended by over 80 colleagues of the bank as part of volunteering their time for the environment. The bank offers 3 days of volunteering for their colleagues in additional to their annual leave as part of supporting the community. The cleaning activity was


hosted in collaboration with Nipe Fagio and The Recycler who both played a significant role in driving awareness and recycled waste collected.

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