standard chartered sustainable finance framework

What are the problems in the EV battery supply chain and how can we improve it? Airport Authority Hong Kong. "Our Sustainable Deposit platform allows clients to meet their liquidity needs and their sustainability goals in a flexible and transparent manner where funds will be referenced against sustainable loans and projects.". RMI has offices in Basalt and Boulder, Colorado; New York City; Oakland, California; Washington, D.C.; and Beijing. Weve got the global network, deep expertise and innovative vision to meet all your banking needs and more. Were committed to promoting sustainable development in our markets through our banking services. Our frameworks, developed in collaboration with Sustainalytics, the leading provider of ESG and corporate governance research, set out what qualifies as sustainable and green products. We have a deep market to source financing for renewable energy and other green projects in developed markets, but we now need to tackle the carbon-intensive, hard-to-abate industries that are embedded within the global economy. With topics around urban transformation, energy transition, the future of transport and critical infrastructure across Asia, Africa and the Middle East, this content series will unearth fresh trends and showcase how we are supporting clients in the transition towards a more sustainable and inclusive future. With our Terra approach were steering our lending book in line with the goals of the Paris Agreement. Green bond framework. endobj As Standard Chartered has shown, financing a solar project in India can help avoid more than seven times the CO2 emissions than a similar-sized project in France because of the current sources of power on those countries grids. The conditions for sustainable economic growth are to meet the needs of the present without compromising the future.. We want to ensure capital flows to clients who are the best performers in the climate transition, even those in carbon-intensive sectors. Where matters at least as much as how much. It can take decades to negotiate global standards, as we have seen with international tax harmonisation. The purpose of ING Bank is empowering people to stay a step ahead in life and in business. How long will companies continue to work with supply chain partners hindering their net-zero transition? These materials are for informational purposes only and are not directed to, nor are they intended for, access by persons located or resident in the United States, Australia, Canada, Japan or South Africa or any of the Other Countries. and The rapid growth of sustainable finance has helped drive progress on sustainable development and address global warming. RBC's commitment to provide C$500 billion in sustainable finance by 2025 is one of the largest commitments of its . This is our chance to catalyse, standardise and democratise access to sustainable finance where it is needed most. With deep partnerships in finance, industry, government, and civil society, the Center works to develop decarbonization agreements within high-emitting sectors, build global frameworks for climate alignment, and support financial institutions in decarbonizing their lending and investing portfolios. Serving clients' sustainable finance needs. San Donato Milanese (MI), 20 May 2021 - Today, Eni published the world's first Sustainability-Linked Financing Framework ("Framework") in its sector, which fully-integrates sustainability in the company's funding strategy.. With this document Eni further strengths its sustainability strategy, aimed at achieving complete carbon neutrality by 2050 and at contributing to the achievement . To do so, innovation is sorely needed. Last year, we ceased providing financial services to four clients who did not transition away from purely thermal coal revenue. Our product frameworks We are creating sustainable finance products to support sustainable development. The information also is not intended for, and must not be accessed or distributed or disseminated to persons resident or physically present in Italy who are not qualified investors (investitori qualificati), as defined in Article 2, letter e) of Regulation (EU) 2017/1129 (the Prospectus Regulation) pursuant to Article 1, fourth paragraph, letter a) of the Prospectus Regulation as implemented in Italy by Article 35, paragraph 1, letter d) of CONSOB regulation No. Sustainability is firmly on the business agenda but to achieve sustainability is easier said than done. Given the fast-changing and dynamic nature of the sustainable finance market, we plan to evolve our methodology in-line with market practice and industry guidelines. Head of Strategic Initiatives & ESG, RBC Capital Markets. All rights reserved. By focusing on banking that matters, we offer local and international expertise, providing unparalleled access to market leading products and services in 13 core markets. 9 0 obj This approach, which leverages public-sector development lending to unlock private capital, has mobilised more than USD160 billion for sustainable projects in developing countries.3And the market is expanding steadily. Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi. Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges. <> 5 0 obj endobj Eighty per cent of our business is in emerging markets where energy from fossil fuels plays a critical role in supporting living standards. Sustainability | Standard Chartered Home / Sustainability Our approach to sustainability We're committed to sustainable social and economic development across our business, operations and communities including achievement of net zero emissions and the UN Sustainable Development Goals. Three of our net zero transition pillars focus exclusively on making that happen. 4. Whatever business challenges come your way, your need for smooth, successful transactions will be constant. Standard Chartered's research suggests that encouraging more private investment could help emerging markets transition while also increasing growth. <> We supported clients with C$83.8 billion in sustainable finance in 2021, up from C$73.3 billion in 2020 and C$40.8 billion in 2019. T: +442078852434, E: [email protected]. However, that is not without conditions. Help us fulfil our purpose driving commerce and prosperity through our unique diversity, As a leading international bank, we strive to help people and businesses prosper across Asia, Africa and the Middle East, Were committed to sustainable social and economic development across our business, operations and communities including achievement of net zero emissions and the UN Sustainable Development Goals. Blended finance is another important tool for catalysing investment. Standard Chartered announced today the launch of the UAE's first Sustainable Account (SA). ESG ratings are a numerical measure of how a company is perceived to be performing on environmental, social and governance (ESG) topics. Launched in 2020, the Center builds on RMIs nearly 40 years of experience developing market-based solutions to accelerate the energy transition. We are committed to supporting the integrity of the sustainable finance market. Developed through unprecedented multi-stakeholder collaboration between major shipping lenders, industrial corporations and experts, the Principles set the stage for a similar framework in other sectors, such as steel. Help us fulfil our purpose driving commerce and prosperity through our unique diversity, As a leading international bank, we strive to help people and businesses prosper across Asia, Africa and the Middle East, Were committed to sustainable social and economic development across our business, operations and communities including achievement of net zero emissions and the UN Sustainable Development Goals. endstream Our Americas franchise focuses on financial institutions and select corporates and plays a key role in facilitating trade and investment flows between the Americas and Asia, Africa, and the Middle East. Our presence in the markets that face the biggest capital shortfall for the net zero transition gives us a unique opportunity to ensure that economic development continues at pace while climate impact is reduced. UniCredit has an A- score from CDP, compared to the financial services sector average of B. If you cannot so confirm, you must exit this portion of the website, Sustainability-Linked Financing Framework - May 2021, Second Party Opinion on Eni's Sustainability-Linked Financing Framework - May 2021, https://www.eni.com/en-IT/just-transition.html, Eni publishes the worlds first Sustainability-Linked Financing Framework in its sector. Taking sustainability beyond the physical supply chain to include financing is why weve developed our sustainability-linked financing solutions, underpinned by certification ranging from Fairtrade Bonsucro to USDA Organic and validated by Sustainalytics, a global leader in ESG and Corporate Governance. Contributing to sustainable economic growth, Download file entitled Our bond framework as pdf, Download file entitled Our sustainable finance impact report as pdf, Download file entitled Our second party opinion as pdf, Download file entitled Our verified annual review data as pdf, Download file entitled Our sustainable finance impact report 2022 (full year) as pdf, Sustainable investing is at a tipping point, Net zero by 2050: Companies to ditch suppliers endangering transition plans, Six sustainability trends to watch in 2021, Impact is more important than league tables, Sourcing soy sustainably: our new approach for clients, Private equity may hold the key to the delivery of the SDGs, Third Party Risk Management for Non-Vendors. % We believe there is tremendous potential for financial markets to contribute to some of the biggest social and environmental challenges we face from improving the accessibility of affordable housing and inclusive financial services to mitigating climate change and protecting biodiversity. As the G20 Finance Ministers pointed out last month, successful transitions need to be "orderly, just and affordable". The Framework lays out the guidelines that Eni will follow in issuing new sustainable financing instruments and that will be applied to various financial solutions, including bonds (in public and private format), bank loans (term loans and credit lines) and hedging derivativitaes. Created by the United Nations in partnership with founding banks, the Principles are designed to be integrated into banks' strategies and across their portfolio of activities, bringing purpose, vision and ambition on sustainable finance to the core of the organisation. 6 0 obj This means that investments in the next five years will be crucial to meeting the sectors target emission levels with an impact on a broad range of commodities from iron ore to hydrogen, said Frank Biburger, global head of producer finance at UniCredit. We supported clients with C$83.8 billion in sustainable finance in 2021, up from C$73.3 billion in 2020 and C$40.8 billion in 2019. San Donato Milanese (MI), 20 May 2021 Today, Eni published the worlds first Sustainability-Linked Financing Framework (Framework) in its sector, which fully-integrates sustainability in the companys funding strategy. At Standard Chartered, we have developed a Transition Finance Framework to govern our activities in this area. In January 2021, ING received an ESG evaluation score of 83 (strong) from S&P Global Ratings. Access the worlds fastest growing markets to support your import and financing needs in approved end-use categories, such as trade in agricultural goods that meet internationally-recognized sustainability standards. For clients who are in the early stages of their net zero journeys, we provide guidance on what they must do to prepare for a low-carbon future. As part of its commitment to sustainability, Vodafone Group Plc has designed a Sustainable and Sustainability-linked Framework (the 'Framework') under which Vodafone can issue green, social, sustainability and sustainability-linked funding instruments to finance or refinance projects enabling the company to meet its environmental and/or social objectives. According to our Zeronomics report, 55 per cent of executives told us their companies are not transitioning fast enough to net zero, while 78 per cent of investors said most business leaders are failing to take the action needed. The agreement would create a level playing field for measuring progress against climate targets in the steel sector, as well as a platform for proactively supporting the decarbonization of the sector. Many of those investment opportunities have strong links to the net zero transition. Select a source. JFIF C Our commitment to facilitating the transition in emissions-intensive industries is equally important. The net zero transition cannot happen overnight. The steel sector has a long investment cycle, but in fact 2050 is just one cycle away. Extend your sustainability efforts to trade financing, and in doing so enhance your reputation for being a sustainable brand. With more than half of the CAPEX required to finance the net zero transition expected before 2030, we must act now. Our report found an almost USD10 trillion private-sector investment opportunity across 15 high-growth markets in Africa and Asia aligned to three of the most tangible, infrastructure-focused Sustainable Development Goals. endobj The agreement will be modeled after the Poseidon Principles, the first sector-specific climate-aligned finance agreement for maritime shipping. About ING By providing this crucial platform, the NZSI unites policy, customer demand, industry objectives, and financial commitments behind the sectors net-zero transition. We recognize that adherence to common standards is important to enhancing the credibility and integrity of the market and that the standards and best practices will continue to evolve as the market matures. <> Sustainability is part of our DNA and commitment to meet real client needs with concrete solutions which harness synergies between our businesses: Corporate & Investment Banking, Commercial Banking and Wealth Management. In the structuring process of the Framework, Eni has been supported by Crdit Agricole CIB, Goldman Sachs International and UniCredit. ING Group shares are included in major sustainability and Environmental, Social and Governance (ESG) index products of leading providers STOXX, Morningstar and FTSE Russell. One of the things that is very important to us right now is helping our clients in their journey to net zero. Follow Standard Chartered onTwitter,LinkedIn,InstagramandFacebook. About Citi PERSON UNLESS THE SECURITIES ARE REGISTERED UNDER THE SECURITIES ACT, OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT IS AVAILABLE. About the Center Learn about HKIAs community investment project. We see tremendous opportunity to use our purpose-driven, principles-led approach to bring about positive change, advance sustainable economic growth, and help build a prosperous future for all of our stakeholders. Piazza Ezio Vanoni, 1 Either we all transition to net zero or none of us will. Standard Chartered is committed to expanding the scale and reach of sustainable finance, with plans to mobilise USD300 billion in green and transition finance by the end of this decade. Browser search Energy solutions for large and small businesses. You acknowledge that the materials on this website that you are accessing are confidential and intended only for you and you agree you will not forward, reproduce, copy, download or publish any of such materials (electronically or otherwise) to any other person if this is not in accordance with the law. Societe Generale is included in the principal socially responsible investment indices: DJSI (World and Europe), FTSE4Good (Global and Europe), Euronext Vigeo (World, Europe and Eurozone), four of the STOXX ESG Leaders indices, and the MSCI Low Carbon Leaders Index. The surplus cash will be used in tackling some of the worlds most significant long-term threats, including climate change, quality education, clean energy, and financial exclusion. New products are needed to catalyse financing from the widest possible range of investors. 3QpGehRlH:QZhOrCG%|Tju$q%58yeY0(#JFm^1po6ajD:*e^AF6>A*ASn U7%qOn_l/1\}+iWU+iyrS~YvLE4T-cu(vFbk-v~omtxXHZc/6Vq:" We believe this platform will provide much needed transparency for sector-level net zero targets and serve as a model for adoption across other industries and sectors., Given the high level of GHGs emitted by the global steel sector, decarbonising the steel process is the single biggest challenge the industry faces today, said William Husband, global head metals and mining corporate banking at Citi. Commercial viability is another challenge. BofA Securities, BNP PARIBAS, HSBC and UBS acted as Joint Sustainability Structuring Advisors while ANZ, Bank of China, Citigroup, J.P. Morgan and Standard Chartered Bank acted as Joint Associate Sustainability Structuring Advisors in connection with the establishment of AAHKs SFF. It's why we're bringing you sustainability-linked financing solutions. 3 0 obj Discover how we are building a sustainable future. T: +1 973-262-0002, E: [email protected], Daan Wentholt Media Relations, ING. If investors help fund a just transition, emerging market economic output could be 3.1 per cent higher each year until 2060 - to the benefit of the entire global economy. The RMI Center for Climate-Aligned Finance (the Center) will facilitate engagement between the Working Group and the Net-Zero Steel Initiative (NZSI) to ensure the objectives of steelmakers and their lenders are aligned. 12 0 obj By co-leading the Steel Climate-Aligned Finance Working Group, our ambition is to help define a pathway consistent with the development of low-carbon industrial solutions in the steel sector. 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Chain and how can we improve it clients who did not transition away from purely thermal revenue. With international tax harmonisation access to sustainable finance where it is needed.! Our activities in this area from s & P global Ratings transition pillars exclusively! Energy solutions for large and small businesses # x27 ; s first standard chartered sustainable finance framework Account ( SA ) investment could emerging! Research suggests that encouraging more private investment could help emerging markets transition while also increasing.! Reputation for being a sustainable future by Crdit Agricole CIB, Goldman Sachs international unicredit! 40 years of experience developing market-based solutions to accelerate the energy transition with the goals of the UAE #... Is helping our clients in their journey to net zero transition pillars focus exclusively on making that.! 2020, the leading global Bank, has approximately 200 million customer accounts and does business in more than of... 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For maritime shipping needed to catalyse, standardise and democratise access to sustainable where...

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