The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms & Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.
AwardsBest Bank Awards

Pakistan's best bank for ESG 2022: Standard Chartered

Standard Chartered

Rehan Shaikh, CEO, Pakistan, Standard Chartered Bank.jpg
Rehan Shaikh, Standard Chartered

Since 1863, Standard Chartered has consistently brought the world to Pakistan’s lively economy. As fate would have it, the bank’s 150th year as a financial bridge to the south Asian market is proving to be among the toughest.

The Pakistani rupee is gyrating wildly as IMF technocrats assess the damage and scramble to avert a default that might unnerve the entire region. As events unfold, StanChart, the largest and oldest international bank in Pakistan, finds itself on the front lines.

Led by chief executive Rehan Shaikh, the bank claims to be a vital partner in economic growth and development in the world’s fifth-most populous country. The firm’s 41 branches and big digital presence in Pakistan often put it in a position to help with internationalizing the local market.

These days, nowhere is that truer than with environmental, social and governance issues.

Short-term volatility is not dampening the bank’s efforts on the sustainability and impact-investing front, nor its efforts to tackle inequality and promote greater inclusion through its Futuremakers by Standard Chartered initiative.