Sustainable Finance

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Product & service evolution

Globally, there is increasing regulation of environmental issues, along with emerging regulatory, fiscal and trading mechanisms designed to tackle climate change. This gives banks the opportunity to develop products and services which not only meet their customers' needs but also address environmental impacts and climate change, thereby contributing to a shift to a low carbon, low pollution economy.

Standard Chartered is already an investor in the world's largest carbon fund. We also provide financial and advisory services to carbon funds, renewable and low carbon technologies and infrastructure projects across the emerging markets in which we operate.

With teams in the UK, South Korea, India, Pakistan, China and Singapore all focused on the renewable energy sector, we combine local market knowledge with international industry experience. We have been involved in a number of projects, including recently advising on the development, structuring and financing of the world's largest photovoltaic power plant in Sinan-gun, South Korea.

On 27 September 2007, we announced our Clinton Global Initiative commitment to take a lead role in the financing of new renewable and clean energy projects in Asia, Africa and the Middle East. These projects will have a total value of USD 8-10 billion over a five-year period from 2008-12.

To meet this commitment, we'll use a combination of innovative approaches, including:

• The provision of project financing for smaller projects and sponsors;
• Financing first-of-kind projects in developing economies; and
• Encouragement of local currency financing/refinancing.

• Read more about our new projects (PDF, 2.3MB)