Standard Chartered Bank has completed its inaugural green bond issuance, raising approximately €1 billion. The proceeds are intended to support projects aligned with renewable energy, green buildings, and circular economy solutions across Asia, Africa, and the Middle East.
Additionally, the proceeds will be used for climate-resilient infrastructure, energy efficiency initiatives, and sustainable water and natural resource projects, in line with the bank’s sustainability bond framework. The green bond proceeds are linked to Standard Chartered’s sustainable finance asset pool, which reportedly includes green assets valued at around $17.4 billion. More than 70 per cent of these assets are located in Asia, Africa, and the Middle East.
The asset pool comprises exposure to 355 green projects spanning ten thematic areas, covering renewable energy, climate adaptation and resilience, eco-efficient manufacturing, waste and wastewater reduction, and improved management of natural resources. This reportedly marks the bank’s fifth sustainable finance issuance but its first in a dedicated green format.
