be it investments in the community development programme, investment of $500 million for microfinance, $800 million investment for renewable energy, et al. It’s the recognition of these efforts that has earned it ‘The Banker-Bank of the Year 2006- Global CSR’ award. As Mervyn Davies, Chairman, Standard Chartered, points “We want to be known as a responsible business and are determined to lead by example in the markets in which we operate. We realise that we must find ways to sustain economic growth without damaging the environment and society.” Small wonder that Standard Chartered in India have combined their global capability, deep local knowledge and creativity to outperform their competitors.Their core strategy is organic growth, but then acquisitions do play an important role in Standard Chartered’s action plan. Their recent acquisitions in Pakistan and Taiwan have provided them new platform for growth. Their expectation of double-digit income momentum across all geographies is bound to see the light of the day with these acquisitions.
Source : IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
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