Standard Chartered Bank (SCB), the oldest international bank in the country, has been named Best Bank for Diversity and Inclusion (D&I) in the Philippines at the 2023 Asiamoney Awards, announced yesterday.The bank was cited for its commitment to promote economic inclusion by lifting the participation of the youth, especially young women, in the community through education and livelihood support.Futuremakers by Standard Chartered is the bank’s global initiative to tackle inequality by supporting disadvantaged young peopleto learn new skills, increase their employability or provide them access to funding to start their own businesses. SCB Philippines currently works with the largest microfinance institutions in the country to provide equitable access to financial support for women-led micro and small businesses nationwide.
SCB has received numerous accolades in recent years for its policies in promoting diversity and inclusion. It ranked 36th in the 2022 Equileap Top 100 organizations for gender equality globally; 7th in the top 10 financial sector companies; recognized on the Bloomberg Gender Equality Index 2022 for the seventh year in a row; and ranked 73rd in the Refinitiv D&I Index Score 2022 for the second time in a row.
For years, SCB has embedded diversity and inclusion into its organizational DNA, celebrated female role models and allies to reaffirm its commitment to gender equality.
In 2018, SCB signed a statement of support for the UN Women Empowerment Principles to reinforce its ongoing commitment to gender equality. The bank also signed the UK HM Treasury Women in Finance Charter and has seen a positive trend in female representation in its senior leadership roles.
