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Thursday, November 26 - 2009

Standard Chartered sponsors World Future Energy Summit

  • United Arab Emirates: Thursday, January 17 - 2008 at 11:55
  • PRESS RELEASE

In a move that confirms the event's status as the region's largest renewable energy summit, Standard Chartered has signed with the World Future Energy Summit to become a Platinum sponsor of the event and the Title Sponsor of its Future Theatre.

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With less than one week to go until Abu Dhabi's global summit of leadership opens its doors, the Standard Chartered Future Theatre will bring together some of the leading global renewable energy experts to present and debate the latest industry developments. There are four key themes: Solar, Green Construction, Carbon and Wind.

The Future Theatre is open to all attendees of the WFES08 exhibition and conference free of charge and will launch its three day programme on the first day of the Forum - January 21.

"Standard Chartered Bank is working with world leaders to help drive awareness of sustainability in the UAE. We are focusing on activities that can not only enhance business performance now and for the long-term, but which enhance the economic development of the countries we operate in and have a positive impact on the environment and society, as well as contributing to good governance." said Jeremy Parrish, CEO for Abu Dhabi and Al Ain, Standard Chartered, a leading international bank in the UAE.

The 'building a sustainable business' strategy is Standard Chartered's response to a rapidly changing world, multiple stakeholder needs and global challenges such as climate change and poverty. The Bank's sponsorship of the WFES and the Future Theatre supports this strategy and strengthens its commitment to make a positive contribution to our local and global communities.

Shane Bush, Head of Renewable Energy at Standard Chartered commented: "The renewable energy sector has developed into a tangible part of the global energy sector and we see great potential, particularly as it emerges more in our core markets. The Bank has assembled a specialist team with experience globally going back ten years to ensure we offer the best solutions. Our commitment to playing a leading role in advising and financing renewable energy projects forms part of our overall sustainability strategy,"

"During 2007 SCB advised or financed a geothermal project in Indonesia, a portfolio of solar pv projects in South Korea and a run of river hydro project in Uganda. The latter is expected to reduce power prices by up to 50% in addition to the emissions benefits. Already a signatory to the Equator Principals, last year, the Bank made a pledge to the Clinton Global Initiative to advise on or finance new renewable and clean energy projects totalling USD8-10 billion of total project value over the next five years."

In addition to the Future Theatre, the event also includes a Standard Chartered exhibition stand built 100 per cent from recycled wood and reusable materials, demonstrating another way in which the Bank seeks to reinforce these actions and complement the eco-friendly theme of the event.
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Notes and media contacts

For further information, please contact:

Patricia Bentham
Head of Corporate Affairs, Standard Chartered Bank, UAE & Oman
Tel: +971 (0) 4 5070548
Fax: +971 (0) 4 3594174

Standard Chartered - leading the way in Asia, Africa and the Middle East

Standard Chartered PLC is listed on both the London Stock Exchange and the Hong Kong Stock Exchange and is consistently ranked in the top 25 among FTSE-100 companies by market capitalisation.

Standard Chartered has a history of over 150 years in banking and operates in many of the world's fastest-growing markets with an extensive global network of over 1,400 branches (including subsidiaries, associates and joint ventures) in over 50 countries in the Asia Pacific Region, South Asia, the Middle East, Africa, the United Kingdom and the Americas.

As one of the world's most international banks, Standard Chartered employs almost 60,000 people, representing over 100 nationalities, worldwide. This diversity lies at the heart of the Bank's values and supports the Bank's growth as the world increasingly becomes one market.

With strong organic growth supported by strategic alliances and acquisitions and driven by its strengths in the balance and diversity of its business, products, geography and people, Standard Chartered is well positioned in the emerging trade corridors of Asia, Africa and the Middle East.

Standard Chartered derives over 90 per cent of profits from Asia, Africa and the Middle East. Serving both Consumer and Wholesale Banking customers worldwide, the Bank combines deep local knowledge with global capability to offer a wide range of innovative products and services as well as award-winning solutions.

Trusted across its network for its standard of governance and corporate responsibility, Standard Chartered takes a long term view of the consequences of its actions to ensure that the Bank builds a sustainable business through social inclusion, environmental protection and good governance.

Standard Chartered is also committed to all its stakeholders by living its values in its approach towards managing its people, exceeding expectations of its customers, making a difference in communities and working with regulators.

For more information on Standard Chartered, please log on to www.standardchartered.com

WFES
The World Future Energy Summit will hold its inaugural event on 21-23 January 2008 in Abu Dhabi under the patronage of H.H. General Sheikh Mohammad bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.

WFES is poised to become the world's largest conference and exhibition on renewable future energy solutions and policy with more than 80 speakers including world ministers, politicians, business leaders, and environmentalists as well as over 200 international exhibitors.

This event will bring together world leaders and experts to discuss the need for a global focus on alternative energy and sustainability while showcasing the latest developments in the industry.

Hosted by Masdar, WFES 08 will be take place at the Abu Dhabi National Exhibition Centre with Credit Suisse as the Principal Sponsor. The Platinum Sponsors are BP, Shell, Standard Chartered and Merrill Lynch and the Gold Sponsors are International Power, Total, Dolphin Energy and Occidental. Please visit the official website for additional information, www.wfes08.com

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