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Standard Chartered embarks on first green trade finance facility to support sustainable supply chains

by moneycompass
September 13, 2021
in Corporate News
Standard Chartered
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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.

 

Read more: What Investors Can Learn From Bill Gates’ Climate Warning

Tags: ESG
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