Standard Chartered Bank has completed its inaugural green bond issuance, raising approximately €1 billion to support sustainable projects across Asia, Africa and the Middle East.
The proceeds will be deployed in line with the bank’s sustainability bond framework and will finance renewable energy, green buildings, circular economy solutions, climate-resilient infrastructure, energy efficiency initiatives, and sustainable water and natural resource management projects. The green bond proceeds are linked to Standard Chartered’s sustainable finance asset pool, which reportedly includes green assets valued at about USD 17.4 billion, with over 70 per cent located in Asia, Africa and the Middle East. The asset pool comprises exposure to 355 green projects across ten thematic areas, including renewable energy, climate adaptation and resilience, eco-efficient manufacturing, waste and wastewater reduction, and improved natural resource management. The issuance marks the bank’s first dedicated green bond and its fifth sustainable finance issuance overall.