Standard Chartered Economic Impact report by Steward Redqueen
October 5, 2010
Standard Chartered Group launched its first in a series of Economic Impact studies on October 4th 2010. The Economic Impact study for its operations in Ghana was conducted by Steward Redqueen together with its associate partner Prof. Ethan Kapstein of INSEAD.
Peter Sands, Standard Chartered Group’s Chief Executive, said in the press release that the report not only describes the current situation but that it also provides insights in how to enhance Standard Chartered’s socio-economic impacts in markets:
“Banks enable people to buy goods and services, to save and invest, to buy homes and grow their wealth. We help businesses to set up, to expand and to trade internationally. We help economies to prosper, to build infrastructure and to lift their citizens out of poverty. By doing these things in the right way, banks can be an extraordinarily powerful force for good throughout the economy. But we must also acknowledge where we can improve. These studies will present opportunities to increase our positive social and economic impact within our markets.” (click here for the full press release )
The Financial Times covered the release of the report.