Sustainable Finance Impact Report 2021 - Standard Chartered
Sustainable FinanceImpact Report 20211
Standard Chartered Bank Sustainable Finance Impact Report 2021A summary of our impact9.2bnSustainable Assets in our Sustainable FinancePortfolio - 138% increase year on year1.4mtonnes of CO2 emissions avoided from operationalassetsOverOverOverof our Sustainable Financeassets are located inemerging and developingeconomiesof our SustainableFinance assets locatedin Asia, Africa and theMiddle Easttonnes of CO2 emissions avoided from assetsin construction70%84% 540,000OverNearly20,000885,000SME loans disbursedmicrofinance loans enabledOur Sustainability Bond IssuancesEURUSD(USD 584m) Sustainability Bond issued in 2019500m Sustainability Bond issued in es of CO2 avoidedmicrofinance loans enabledSME loans disbursedtonnes of CO2 avoidedmicrofinance loans enabledSME loans disbursed2
Standard Chartered Bank Sustainable Finance Impact Report 2021Sustainable Finance at Standard CharteredThe world is less than a decade away from its2030 deadline to deliver on the UN SustainableDevelopment Goals (SDGs).the markets we call home. In the past year alonewe have increased our sustainable asset base by138% to USD 9.2bn.According to a UN report, just 60 per cent ofthe financing needed to achieve the SDGs inlow and middle-income countries is being met.In Africa, this is as low as 10 per cent.1 COVID-19has further widened this financing gap with theOECD estimating that for low and middle-incomecountries the annual financing gap could increaseby up to 70%.2The bank’s commitment to achieve Net Zerofrom our financed emissions by 2050 means thatthere is a lot more impact to deliver and we havea steep challenge ahead of us, particularly given29 of our 59 footprint markets do not at presenthave a commitment to reach net zero by 2050.But it is a challenge for which we are equipped,and we are determined to use our expertise andaccess to lead the way in enabling a sustainabletransition, working tirelessly with our customers,partners and all stakeholders to safeguard ourshared future.”Our markets represent unique challenges, withrapid urbanisation, heightened vulnerability fromclimate change, and significant social and economicdisruption brought by the COVID-19 pandemic.We believe finance is critical in addressing thesechallenges. It also plays a role in taking advantageof the opportunities; to leapfrog to low carbontechnology and accelerate inclusion through digitalsolutions. It enables individuals to build a positivefuture for themselves and their families, businessesto thrive and grow, and governments to delivereconomic prosperity for the wider community.Supporting sustainable and responsible growth,including delivering the SDGs, and the transition tonet-zero, represents a significant opportunity for us.Bill Winters, Group Chief Executive“I am very proud to present ourSustainable Finance Impact Reportfor 2021, showcasing the ways inwhich we are being a force forgood where it matters most.Our core markets across Asia, Africa and theMiddle East are most at risk from climate changeand other wider ESG threats. Despite creatingthe greatest marginal impact per dollar invested,these regions only receive a fraction of the capitalflows they urgently need. With the financinggap running to the trillions, they present a hugeuntapped investment opportunity. At StandardChartered we have responded by acceleratingthe deployment of Sustainable Finance acrossSimon Cooper, CEO, Corporate, Commercial& Institutional Banking“Over the next 10 years, there is a minimum USD10trillion financing requirementin emerging markets, yet lessthan 13% of global investment iscurrently aligned to this.3It is therefore encouraging tosee that more than 70% ofour sustainable finance assets are located inemerging and frontier markets where othersources of capital simply aren’t flowing. We wantto direct more capital into these areas, not justbecause it isn’t getting there fast enough, butbecause there is a disproportionate effect onimpact: a dollar invested can have a significantlydifferent outcome depending on where andhow it is deployed This report shows that theaverage CO2 avoided per dollar of financing is 7times higher in the least, lower and lower-middleincome OECD DAC countries than in developednations.I am particularly proud to present the impactof our COVID-1bn facility where we made USD1 billion of not-for-profit financing available forcompanies that provide goods and services tohelp the fight against COVID-19.”1UNEP Finance Initiative (2018) Rethinking Impact to Finance the SDGs. Available online at: f2OECD (2020) Global Outlook on Financing for Sustainable Development 2021: A new way to invest for people and plant. Available online /index.html?itemId /content/component/6ea613f4-en3Standard Chartered (2020) Opportunity2030. Available online at: arteredOpportunity-2030.pdf3
Standard Chartered Bank Sustainable Finance Impact Report 2021Our ImpactIn order to give investors a holistic picture ofthe impact of Sustainable Finance at StandardChartered, we are presenting our impact on aportfolio basis, covering our USD 9.2bn ofSustainable Finance assets.of financing to projects with eligible green buildingcertifications. This is in line with the challenge weset ourselves, and the wider private sector, in ourOpportunity 2030 report where we identified a USD10 trillion gap in financing for SDGs.This year, our Sustainable Finance assets have grown138% to USD 9.2bn (from USD 3.9bn in 2020) and weexpect growth to continue at pace.Opportunity 2030 also outlined the need for accessto basic water and sanitation services in our markets.We have financed two water projects in Malaysiaand Africa.“We are proud to present thesecond allocation and impactreport on our Sustainability BondProgramme. Our vision is to bethe world’s most sustainable andresponsible bank and to be theleading private sector catalyser of finance for theSDGs where it matters most, across Asia, Africaand the Middle East. As such, we seek to embedsustainability and responsibility into everythingwe do as a bank.”Claire Dixon, Group Head, Corporate Affairs,Brand & MarketingOur Green LendingOur green projects helped us to avoid 1.39 milliontonnes of CO2 emissions in the past year. This isequivalent to:Contributed to the production of2,456,000m3of clean water“In 2019 we committed tofacilitating project financingservices for USD 40 billion ofinfrastructure projects thatpromote sustainable development(Jan 2020 - Dec 2024), and toUSD 35 billion of project financing services,M&A advisory and debt structuring servicesfor renewables and clean-tech projects (Jan2020 - Dec 2023). The issuance of our StandardChartered Group Sustainability Bonds allows usto allocate funds to projects in sectors that arealigned with this commitment.”Henrik Raber, Global Head, Global Credit Markets301, 500 commercialcars removed fromthe road53.13m passengereconomy class seatsfrom London toSingapore6To do this we have financed over USD1 .5 billionof renewable energy projects, USD 500 million ofclean transport projects, and supported a significantexpansion of green buildings through USD 3.4 billion4In support of this agenda, we have made significantprogress on scaling our green asset base over thepast year, with growth of over USD 4.8 billion.Each year we go through the process of updatingour Sustainable Finance Frameworks,4 againstwhich assets in this report align, and this year, thatincluded an expansion of the eligible certificationsfor green buildings. Our Frameworks require specificlevels of these certifications to be met to makesure we are only providing green finance for best inmarket developments. During the last year under thiscategory, we have originated over USD 1 billion ofgreen building assets across Singapore and Londonalone, two markets that we call home.Standard Chartered’s Sustainable Finance Frameworks include the Green and Sustainable Product Framework and the SustainabilityBond ical-passenger-vehicle4
Standard Chartered Bank Sustainable Finance Impact Report 2021To reach net zero by 2050, all new buildings shouldbe zero-carbon-ready by 2030.6 We are supportingthat transition in our markets already, with theexpectation that similar green building standardsand certifications will spread rapidly across the restof our footprint over the coming decade.“Our green assets in OECD-DACleast developed, lower and lowermiddle income countries haveachieved significantly more impactin terms of CO2 emissions avoidedper dollar invested than our greenasset base in the rest of the world, and even thatin emerging markets.PCAF guidanceThis reinforces the findings of ourOpportunity2030 report and emphasises theneed to keep finance flowing to the markets inour footprint where it matters most and can havethe greatest impact.”0.83.000.41.500DACEMAverage CO2 avoided/USDTaiwan Green EnergyThe Government of Taiwan (“GoT”) has set atarget to achieve 20% of its energy mix fromrenewable energy generation by 2025, includingnew installation of c. 5.5 GW of offshore windcapacity. In support of this ambition, we providedECA backed project financing to enableconstruction of 62 new offshore wind turbinegenerators which will provide around 600MW ofclean power to the grid once operational. Phase1 of this project will see 10 new turbines comingonline as soon as 2022, with the remainder thefollowing year.6Paul Skelton, Global Head, Client Coverage,CCIBROWSum of investment - BillionsAverage KG CO2 avoided per USD investedThis year, and in line with PCAF guidance,we are separately disclosing the impact of ouroperational green assets and our green assetsunder construction. We are also restating our 2020figures to align with this presentation. In 2020 wehad a significant wind asset under constructionwhich moved into operation over the last 12 months.This is reflected in the relevant increase of CO2avoided in our construction assets from 2020 to2021 as compared to the number of projects underconstruction.Sum of InvestmentsTechnaf Solar Farm Bangladesh- first utility scale, grid connectedsolar projectThe Technaf Solartech solar farm is the largestsolar power plant in Bangladesh with a powergeneration capacity of 28MW. The plant is set upon 116 acres of leased land at Teknaf, Cox’s Bazar.At peak production, it is estimated that the plantis capable of meeting 80% of power demandof the Teknaf area of Cox’s Bazar and avoiding 20,000 tonnes of CO2 emissions.IEA (International Energy Agency) (2021), Net Zero by 2050 – A Roadmap for the Global Energy Sector, fortheGlobalEnergySector CORR.pdf5
Standard Chartered Bank Sustainable Finance Impact Report 2021Lauca - BITA Transmission Line,AngolaOn Track to Create EconomicGrowth in TanzaniaWe have has helped finance the constructionof two transmission lines in Angola whichconnected the 2067 MW Lauca hydro powerplant to the Angola national grid. The projecthas helped the distribution of electricity from theLauca Dam to Luanda, the capital city of Angola.The Government of Angola has plans to increasethe electrification rate up to 60% by 2030 tocope with the country’s growing urbanisation.This project is aligned with multiple UN SDG goalsincluding 7- Affordable and Clean Energy and11- Sustainable Cities and Communities. StandardChartered acted as the Mandated Lead Arranger,Coordinator & Structuring Bank and Facility Agentfor this significant transaction.Standard Chartered Bank coordinated the USD1.6bn export credit agency (ECA)-backed longterm financing to fund the new Standard GaugeRailway (SGR) from Dar Es Salaam to Dodoma(Makutupora).In addition to co-ordinating ECA relationships,we also acted as co-ordinator of commercial anddevelopment finance investors. This has been thelargest syndicated transaction in sub-Saharan Africaoutside the oil and gas sector to date, but moreimportantly, it has positively changed the acceptednorms on how such deals are structured, how risks aremanaged effectively, and how to balance economic,social and environmental objectives.When complete this railway will be the longest andfastest in East Africa spanning 550kms for lots 1 and2 respectively and benefitting local communities byreducing freight costs by 40%,7 removing 500 lorriesfrom the road, creating more than 8,000 new jobsand improving access to essential public ail-project-on-track-to-create-economic-growth/6
Standard Chartered Bank Sustainable Finance Impact Report 2021Our Social LendingWe want to ensure that communities in our footprinthave access to banking services that will enablethem to grow and prosper. In many of our marketssmall businesses are the powerhouses of theeconomy and are major drivers of job creation.Our commitments to SME lending (USD 15bn Jan2020-Dec 2024) and to microfinance (USD 3bn Jan2020-Dec 2024) are reflected in our asset base andin our impact. We enabled 885,340 microfinanceloans in places like Nepal, Tanzania and Bangladesh.We also provided nearly 20,000 SME loans incountries such as India, Kenya, Pakistan andSri Lanka.Our social lending also incorporates lending foraffordable basic infrastructure (SDGs 6 and 11) andessential services (healthcare and education, SDGs3 and 4). Over the past year our healthcare lendinghas supported the construction of new hospitalsin Ghana and Australia, and our affordable basicinfrastructure portfolio continues to support thedevelopment of key road connections in Uganda andin India, supporting local and regional connectivityand providing employment opportunities.Judy Hsu, CEO Consumer,Private and Business Banking“We are absolutely committed tohelping our SME clients grow andI am glad that we have grown ourSME lending this year in marketswhere we can make the greatest impact.Beyond SME lending, we want to give our clientsmore choices in meeting their investing, saving orborrowing needs sustainably. We are expandingour Sustainable Investing solutions as well aslaunching green deposits and mortgages acrossseveral of our markets; we will continue to workwith our clients on this journey towards a moresustainable future.”Daniel Hanna, Global Headof Sustainable Finance“Standard Chartered is uniquelyplaced to direct capital to supportthe transition where it mattersmost. The places we call home arethe world’s most dynamic countries, and we servethe people and businesses that are the enginesof their growth and are central to the transition.Construction of the EasternRegional Hospital, Koforidua,GhanaWe have provided a loan to support thedesign, construction and equipping of theEastern Regional Hospital at Koforidua,Ghana. The first phase of the project will seethe construction of a 285-bed facility, with thefinal construction having an envisaged 600bed capacity.The project is a significant contribution tothe Ghanaian Government’s commitment tohealthcare infrastructure, especially in theCOVID-19 context, and has received recognitionfrom the President of Ghana, Nana AddoDankwa Akufo-Addo.With 29 of our 59 footprint markets not yetcommitted to net zero by 2050, we want to be acatalyst for change here.The fact that over 84% of our SustainableFinance assets are located in Asia, Africa andthe Middle East is proof that, we are focusedon moving capital to where it matters most.Through our Sustainability Bond Issuances andour world-first Sustainable Deposit product,we are creating unique opportunities for investorsto have an impact on the SDGs in emerging anddeveloping markets, where sustainable finance ismost needed – all through a well understood UKregulated institution.It is great to see a USD 4.8 billion increase in ourGreen Assets year on year, nearly 8 times our 2020balance. This has resulted in a 264% increasein our CO2 avoided from our operational greenassets. We expect this pace of growth, both of ourgreen and sustainable asset baseand our impact, to continue.”7
Standard Chartered Bank Sustainable Finance Impact Report 2021Sustainable Fund FinanceThis year we expanded our sustainable financeoffering through provision of loans to fundswith investment mandates which align to ourSustainability Bond Framework. Three sustainablefund finance transactions took place over the pastyear, with our financing contributing to nearly 2.5million tonnes of CO2e emissions avoided.The funds’ investments align to a broad range ofSDGs and are spread across our footprint. Examplesof portfolio companies include those which providecredible and high-quality carbon offsets in Australia,affordable and accessible life insurance productsin Ghana and innovative home energy efficiencytechnologies in Turkey, Brazil, UAE and elsewhere.Tracey McDermott, Group Head,Conduct, Financial Crimeand Compliance“We have published our detailedmethodology on our approachto net zero. We are committed tobeing a leader in this area and to working withothers to ensure that the banking sector plays itsrole in supporting the transition – particularly indeveloping economies. We took on the role aschair of the Net-Zero Banking Alliance (NZBA)this year in order to help drive collaborationand cooperation across the sector.”8
Standard Chartered Bank Sustainable Finance Impact Report 2021COVID-19 ResponseOur social assets also include the lending we haveundertaken through our COVID-19 not-for-profitfinancing facility:Our response to COVID-19In 2020, we announced that we would commitUSD 1 billion of not-for-profit financing forcompanies that provide goods and services tohelp in the fight against the pandemic, and thoseplanning the switch into making products thatare in high demand to fight the global pandemic.To date, we have approved over USD 900m ofnot-for-profit financing of which over USD 800mhas already been disbursed. This has helpedbusinesses across our markets manufacture anddistribute emergency ventilators, face masks,protective equipment and sanitisers,and governments to finance the purchase ofWHO-approved COVID-19 vaccines.Providing COVID-19 tests in IndonesiaIn Indonesia, we helped fund Halodoc, a healthtechnology platform that provides rapid COVID-19tests to high-risk communities. We also donatedmoney to provide sleeping pods to healthcareworkers who required much needed rest betweentheir shifts.Making masks in VietnamIn August 2020, we lent Vietnamese companyGarco 10, USD 4.3 million to help in the productionof personal protective equipment. The financinghelped Garco 10 add cloth masks to its product linesto help meet rising demand in the country.Supporting vaccine rollout inMalaysiaWe supported a key pharmaceutical player inMalaysia to meet their vaccine orders from theMinistry of Health. Our USD 36m of not-for-profit,short-term financing facility supported the importand distribution of up to 3m COVID-19 vaccines.Distributing tests and vaccinations,and enabling emergencytransportationThrough an USD 11m not-for-profit loan, we havesupported Fullerton Healthcare Corporation Limited,an affordable and accessible healthcare providerin Asia Pacific, to deliver 356,000 tests and 100,000doses of COVID-19 vaccines, deploy ambulances forover 10,000 trips to hospital for suspected cases, andoperationalise 6 vaccination centres with a capacityof 2,000 patients per centre per day.AfreximBankWe provided USD 200m of not-for-profit fundingtowards Afreximbank’s structured framework tohelp finance the acquisition of COVID-19 vaccinesfor African nations. The collaboration betweenStandard Chartered and Afreximbank will helpensure that 55 countries across Africa have accessto COVID-19 vaccines.9
Standard Chartered Bank Sustainable Finance Impact Report 2021Standard Chartered SustainabilityBond Allocation ReportEligible PortfolioGreen AssetsRenewable EnergyGreen and Sustainable FundingNumberof 58.40Grid Expansion1104,285,213.74Hybrid Energy 957,741.4114414,215,487.13Sustainable Water andWastewater Management212,997,137.16Clean Transport4527,610,495.12Green Buildings573,436,308,975.18Waste to EnergyWindSocial AssetsAccess to tructure5139,551,216.45Roads 022,409.59MicrofinanceSME lendingCOVID-19Fund FinanceTotal Sustainability AssetsJul-27PrincipalAmount(USD)EUR 500m584,220,000USD 500m500,000,0003,556,423,241.121Employment GenerationIssuance Due dateDate9,211,455,116.571,084,220,000 Percentage of Eligible Sustainable Loan Portfolio Allocated to Sustainability Bond (usage): 12%Percentage of Net Proceeds of Sustainable Funding allocated to Eligible Portfolio: 100%Eligible Portfolio – Unallocated to Sustainability Bond: USD 8,165,644,340New Loans in the Green Portfolio since 2 July 2020: 94 new loans, (USD 4,865m increase from 2020)New Loans in the Social Portfolio since 2 July 2020: 460,567 loans enabled (USD 318m increase from 2020)8New Loans in Sustainable Portfolio Since 2 July 2020: 3 new loans (USD 165m increase from 2020)EUR:USD exchange rate as of 13 Aug 2020; EUR 1 USD 1.16848This year the number of loans in our microfinance portfolio fell although we saw the average size of each loan increase, likely as a result ofthe pandemic conditions in our footprint markets.10
Standard Chartered Bank Sustainable Finance Impact Report 2021Standard Chartered’s inaugural USDsustainability bond key facts and figuresKey TermsIssuerStandard Chartered PLCFormatRule 144A / Reg S Notes Issued off Debt Issuance ProgrammeExp. Issue Ratings (M/S/F)A2 (Moody’s) / BBB (S&P) / A (Fitch)SizeUSD 500mnSettlement Date23 March 2021 (T 5)Maturity Date23 March 2025 (4NC3)Optional Redemption Date23 March 2024Coupon1.214% fixed rate, semi-annual on 23 March and September ofeach year. The interest rate will reset on 23 March 2024 to theReference Bond Rate 88bpsDocumentationIssuer’s USD 77,500,000,000 Debt Issuance Programme dated18 June 2019Use of ProceedsSustainability bond, to finance and/or refinance eligiblebusinesses and projects in accordance with the Issuer’sSustainability Bond FrameworkSPO ProviderSustainalyticsSole Sustainability Structuring AdvisorStandard Chartered BankISINUS853254CB42Investor StatisticsUSD3.5bn (6x subscribed)Orderbook size1%6%4%4%7%8%9%GeographicBreakdownInvestor TypeBreakdown58%24%75%North AmericaUK & IrelandAsset ManagerIns. & Pen. FundsDACHAsiaBanks & PBsCB/AgencyEuropeMiddle East11
Standard Chartered Bank Sustainable Finance Impact Report 2021Standard Chartered’s inauguralsustainability bond key facts and figuresKey TermsIssuerStandard Chartered PLCFormatReg S, Bearer, New Global Notes. Issued under the Issuer’s DebtIssuance ProgrammeExp. Issue Ratings (M/S/F)A2 / BBB / A (All Stable)SizeEUR 500mnSettlement Date2 July 2019 (T 5)Maturity Date2 July 2027 (8 years)Optional Redemption Date2 July 2026 (7 years)Coupon0.90% Fixed, annual, on 2 July up to and including the OptionalRedemption DateDocumentationIssuer’s USD 77,500,000,000 Debt Issuance Programme dated18 June 2019Use of ProceedsThe net proceeds will be applied to finance and/or refinanceeligible businesses and projects in accordance with the Issuer’sSustainability Bond Framework dated 23 April 2019SPO ProviderSustainalyticsSole Sustainability Structuring AdvisorStandard Chartered BankISINInvestor StatisticsOver EUR 3bn with 165 investorsOrderbook or TypeBreakdown38%78%UK & IrelandFranceFund South EuropeOther12
Standard Chartered Bank Sustainable Finance Impact Report 2021Overview of Standard CharteredSustainability Bond FrameworkIn January 2021, Standard Chartered publishedversion 2.0 of its Sustainability Bond Frameworkwhich is updated on an annual basis. Our issuancesare based on this Framework. It received an SPO fromSustainalytics which can be found here.The Framework was designed as the basis on whichfuture Green, Social and Sustainability bonds will beissued. Standard Chartered Bank is a regular issuerin the bond market across a range of currencies andtenors. Under this Framework, Standard CharteredPLC and its subsidiaries may issue three types ofbonds in various formats: Green Bonds – Debt instruments whose funds areexclusively allocated to financing new or existinggreen projects, in whole or in part. Social Bonds – Debt instruments whose funds areexclusively allocated to financing new or existingsocial projects, in whole or in part. Sustainability Bonds – Debt instruments whosefunds are exclusively allocated to financing newor existing green and social projects, in whole orin part.Green, Social, and Sustainability bond transactionsuse the bond market to direct fund flows towardssustainable projects. We see a clear benefit in theadditional transparency offered by these bonds onthe use of proceeds and their impact.We are convinced that sustainable bond offeringscan help to raise the necessary funds to combatclimate change and increase access to finance in themarkets we operate in. We are committed to supportand promote the sustainable bond market.The full Sustainability Bond Framework can be foundhere.Our Framework is aligned with the ICMA GreenBond Principles (GBP) (2018), Social Bond Principles(SBP) (2020) and the Sustainability Bond Guidelines(SBG) (2018). It is presented through the GBP’s fourcore components as well as its recommendation forExternal Review:1.Use of proceedsa. Greeni. Renewable energyii. Energy efficiencyiii. Green buildingsiv. Sustainable management of living andnatural resourcesv. Pollution prevention and controlvi. Sustainable water and wastewatermanagementvii. Clean transportationviii. Climate change adaptationix. Eco-efficient and/or circular economyadapted products, productiontechnologies and processesb. Bluei. The Blue Economyc. Sociali. Employment generation, and programsdesigned to prevent and/or alleviateunemployment stemming fromsocioeconomic crises, including throughthe potential effect of SME financing andmicrofinanceii. Affordable basic infrastructure - includingroads in low income countriesiii. Access to essential services (e.g. health,education and vocational training,healthcare, financing and financialservices)iv. Affordable housingd. COVID-19i. COVID healthcareii. COVID sanitationiii. COVID food securityiv. COVID socioeconomic impact mitigation13
Standard Chartered Bank Sustainable Finance Impact Report 2021Overview of Standard CharteredSustainability Bond Framework2. Process for project evaluation and selectionEligible projects are subject to three levels ofreview under our Sustainability Bond Framework:The Sustainable Finance WorkingGroup – This group is an appointed groupof stakeholders made up of businessand functional representatives fromacross the Group who are mandatedwith reviewing and promoting theGroup’s Sustainable Finance activities.The working group will compile a list ofsustainable transactions that align withour sustainability taxonomy.ii. Sustainable Finance and Environmentaland Social Risk Management – Thisteam selects the projects which are mostappropriate, whilst assessing relevantE&S risks and mitigate greenwashingrisks.iii. The Sustainability Bond Committee- is responsible for managing the processfor Project Evaluation and Selection andthis forum has final review of the EligibleProjectsi.3. Management and tracking of proceedsa. The proceeds of bonds issued under theFramework will be managed by the Groupon a portfolio basis and will be allocated toEligible Projects. Assigned Projects and anyReplacement Projects will be recorded andmonitored regularly by the Committee.4. Reportinga. On at least an annual basis, the Groupwill prepare a publicly available report toupdate investors on the allocation of the netproceeds of the issuance.b. On an annual basis, the Group intends toreport on the impact of the Eligible Assets bycategory from a social and environmentalperspective.Before issuance, we commissioned Sustainalyticsto provide a Second Party Opinion (SPO) for ourSustainability Bond Framework, which can be foundhere. They also conducted a pre-issuance verificationwhich can be found here.14
Standard Chartered Bank Sustainable Finance Impact Report 2021A detailed breakdown of our impactTotal Portfolio USD 9.25bnGreenUSD 5,490,009,465.86SocialUSD 3,556,423,241.12SustainableUSD 165,022,409.59TotalUSD 9,211,455,116Emerging, frontier9 and least, lower and lower middle-incomeOECD DAC countries10USD 6,452,596,422.9870%Rest of the WorldUSD 2,758,858,693.5830%TotalUSD 9,211,455,116Asia, Africa and the Middle EastUSD 7,295,378,505.9984%Rest of the WorldUSD 1,451,012,82716%TotalUSD 9,211,455,1166%16%7%30%70%Emerging, frontierand least, lower andlower middle-incomeOEDC DAC countries910Rest of the World84%Asia, Africa and theMiddle EastRest of the 20-flows.pdf15
Standard Chartered Bank Sustainable Finance Impact Report 2021A detailed breakdown of our impactGreen Project Financing: USD 5,490mCategoryOperationalType of ProjectMarketNumber ofProjectsBond assetportfolio amount(USD m)GHG EmissionsAvoided (tonnes CO2emissions)Renewable EnergyGridAngola1104702.05Singapore11140-India112
the impact of Sustainable Finance at Standard Chartered, we are presenting our impact on a portfolio basis, covering our USD 9.2bn of Sustainable Finance assets. This year, our Sustainable Finance assets have grown 138% to USD 9.2bn (from USD 3.9bn in 2020) and we expect growth to continue at pace. "We are proud to present the
Social (impact) finance RBC Wealth Management Green finance Resonance Fund Impact finance Bridges Fund Management Socially responsible finance Nutmeg . Source: Author's own research. Despite this variety of definitions, some consistency of terminology has coalesced around the construct of "sustainable finance" in terms of a range of
of Managerial Finance page 2 Introduction to Managerial Finance 1 Starbucks—A Taste for Growth page 3 1.1 Finance and Business What Is Finance? 4 Major Areas and Opportunities in Finance 4 Legal Forms of Business Organization 5 Why Study Managerial Finance? Review Questions 9 1.2 The Managerial Finance Function 9 Organization of the Finance
The roles of the finance function in organisations 4. The role of ethics in the role of the finance function Ethics is the system of moral principles that examines the concept of right and wrong. Ethics underpins an organisation’s sustained value creation. The roles that the finance function performs should be carried out in an .File Size: 888KBPage Count: 10Explore furtherRole of the Finance Function in the Financial Management .www.managementstudyguide.c Roles and Responsibilities of a Finance Department in a .www.pharmapproach.comRoles and Responsibilities of a Finance Department .www.smythecpa.comTop 10 – Functions of Business Finance in an Organizationwikifinancepedia.com23 Functions and Duties of Accounting and Finance .accountantnextdoor.comRecommended to you b
Finally, finance is good at pricing risk for valuation purposes and can thus help to deal with the inherent uncertainty about environmental issues, such as the impact of carbon emissions on climate change. Finance and sustainability both look to the future. Table 1: A framework for sustainable finance Sustainable finance typology Value created
10 Catalogue des cours/Course Catalog 2021-2022 FIN: Finance/Finance E : Finance d'entreprise/Corporate Finance G : Finance générale/General Finance M : Finance de marché/Market Finance S : Synthèse/Synthesis IDS: Systèmes d'Information, Sciences de la Décision et Statistiques/ Information Systems, Decision Sciences and Statistics
The International Platform on Sustainable Finance 7 P a g e 1. The International Platform on Sustainable Finance: Towards a reinforced cooperation on sustainable finance, more needed than ever to ensure a global green recovery a. The economic challenge to reach our s
Descriptif des cours Course Outlines 10 Catalogue des cours/ Course Catalog 2017-2018 FIN: Finance/Finance A : Actuariat/Actuarial, Insurance E : Finance d’entreprise/Corporate Finance The course liste tables and the course outlines G : Finance générale/General Finance M : Finance de marché/Market Finance S : Synthèse/Synthesis IDS: Systèmes d’Information, Sciences de la Décision et .
Research Paper Effect of Population Size and Mutation Rate . . and
