Standard Chartered are a leading international bank, mostly doing business in the Middle East, Asia and Africa. Read more about their published prohibited activities here.
Standard Chartered avoids entire companies who have 20% defence exposure. But that means they are still heavily invested in some nuclear weapons-producing companies.
Standard Chartered avoids ‘direct investment’ in ‘prohibited activities’, including nuclear weapons. They also avoids entire companies whose primary involvement is in Defence (defined as having 20% defence exposure). However this still means they are heavily invested in some nuclear weapons-producing companies for whom Defence is less than 20% of their business, such as Boeing.
Don’t think this is good enough? Get in contact with Standard Chartered to tell them you want them to be more transparent, more ethical, and more comprehensive in their policy on controversial weapons.
Email Standard Chartered using our template to bring your concerns to their attention.
Tweet Standard Chartered
@StanChart Stop investing in nuclear weapons-producing companies! Restricting direct financing is not enough – real change requires excluding whole companies regardless of how much of their annual turnover comes from defence #InvestingInChange @UKNWFRG
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@StanChart How will the ratification of the UN Treaty on the Prohibition of Nuclear Weapons affect your business practices? #InvestingInChange @UKNWFRG
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@StanChart Your customers deserve to know their money is being invested in nuclear weapons-producing companies. Please make your policy more clear on your website and consult with your customers! #InvestingInChange @UKNWFRG
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