MNI BRIEF: BOC Sees Milder Reaction To Tariffs Than To Covid

BOC SAYS ITS RESPONSE TO A TARIFF WAR WON'T BE LIKE IN COVID

BOC: TRADE THREATS ALREADY BLURRING DOMESTIC ECONOMIC REBOUND

MNI INTERVIEW2 -Banxico Optimistic On Non-Core Inflation-Heath

MNI China Daily Summary: Friday, February 21

MNI BOK WATCH: Board To Ease Base Rate To 2.75%

MNI: BAKER HUGHES US RIG COUNT 592; OIL RIGS 488; GAS RIGS 99

BAKER HUGHES CANADA RIG COUNT 244; OIL RIGS 174; GAS RIGS 70

MNI: US NAR: JAN EXISTING HOME SALES 4.08M SAAR

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EMISSIONS TRADING: StanChart May Not Reach 2025 Climate Targets

EMISSIONS TRADING
BulletPower BulletsEnergy BulletsCommodities

Standard Chartered may not achieve the target to power all of its operations with renewables in 2025, it said, cited by Bloomberg. 

  • The bank said it may not achieve its target due to market constraints and a lack of renewable energy options in some of the markets including Africa and the Middle East.
  • The target was announced in 2022.
  • StanChart targets to achieve net zero in its Scope 1 and Scope 2 emissions by 2025. It plans to reach net zero in its Scope 3 emissions by 2050.
  • The bank has been using carbon credits to offset its carbon footprint, while also signing PPAs and installing onsite renewable plants amongst other things to raise its renewable share.
  • Earlier this week, HSBC said it plans to delay its net zero targets by 20 years to 2050. 
135 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Standard Chartered may not achieve the target to power all of its operations with renewables in 2025, it said, cited by Bloomberg. 

  • The bank said it may not achieve its target due to market constraints and a lack of renewable energy options in some of the markets including Africa and the Middle East.
  • The target was announced in 2022.
  • StanChart targets to achieve net zero in its Scope 1 and Scope 2 emissions by 2025. It plans to reach net zero in its Scope 3 emissions by 2050.
  • The bank has been using carbon credits to offset its carbon footprint, while also signing PPAs and installing onsite renewable plants amongst other things to raise its renewable share.
  • Earlier this week, HSBC said it plans to delay its net zero targets by 20 years to 2050.