KUALA LUMPUR, 13 September 2021 – Standard Chartered has successfully executed its first green trade
finance facility to support Amplus Energy Solutions FZE, a subsidiary of Amplus Solar, in its solar generation business.
Amplus Solar is a member of the PETRONAS Group and is Asia’s leading distributed energy company which provides low-carbon energy solutions to its industrial and commercial customers. This facility is a significant milestone towards the implementation of sustainable practices across ecosystems and in building more resilient supply chains.
Standard Chartered’s newly introduced Sustainable Trade Finance Proposition in Malaysia, which applies a sustainability lens to its entire suite of trade finance products, allows the Bank to support:
1. Sustainable goods: Working with customers and partners to finance underlying goods that meet agreed sustainability standards.
2. Sustainable suppliers: Supporting trade for suppliers who meet acceptable thresholds against ESG ratings or metrics such as gender equality, responsible sourcing criteria and water use.
3. Sustainable end-use: Focusing on trade financing in sustainable industries including renewable energy, energy efficiency, the blue economy, sustainable infrastructure, water management and clean transportation.
4. Transition industries: Helping industries transition and reduce their carbon footprint by offering trade financing that recognises efforts to help reduce emissions.