Bill Winters Sees ‘Enormous, Untapped’ Chance in Carbon Credits

Standard Chartered PlcChief Executive Officer Bill Winters said financial markets are underestimating the business case for carbon credits, given the growing need among companies to offset their CO2 footprints.

“The enormous, untapped opportunity is the corporations of the world,” Winters said in an interview with Bloomberg Television’s Francine Lacqua on Tuesday.

Under Winters, StanChart has thrown its weight behind supporting the market for carbon offsets, which includes helping create the so-called Taskforce on Scaling Voluntary Carbon Markets back in 2020. Those efforts have faced headwinds in recent years amid allegations of greenwashing, with Winters acknowledging on Tuesday that the ...