Standard Chartered has unveiled the sustainable finance variants of BBTL, marking a significant expansion of its finance solutions.
The initiative has been launched in the United States, UK, UAE, South Africa, Singapore, and Hong Kong, with plans for further expansion into additional markets soon.
The new product is designed to meet the growing demand for sustainable financial solutions in the commodity sector. By integrating environmental, social, and governance (ESG) criteria into the trade finance process, these BBTL variants help businesses engage in more sustainable practices, aligning with broader global sustainability goals.
Standard Chartered specialises in providing diverse financial services, including personal banking, corporate and institutional banking, and treasury services. The bank operates in many of the world’s most dynamic markets, offering extensive experience in rapid growth markets.
The sustainable finance variants of the BBTL are structured as a secured revolving credit facility, which provides businesses with the flexibility to obtain financing against a diverse pool of collateral such as cash, inventory, or receivables. This structure allows for the consolidation of multiple transactions under a single loan, facilitating more efficient and secure trade financing.
These sustainability-linked variants of the BBTL not only offer differential pricing for companies demonstrating strong sustainability performance but also support the trade of eligible materials under Standard Chartered’s Green and Sustainable Product Framework (GSPF). This includes financing for critical metals essential for the energy transition and activities that meet specific sustainability criteria.
In addition to the BBTL, Standard Chartered has also recently launched a sustainable trade loan for financial institutions and an ESG-Linked Cash Account, further expanding its portfolio of sustainable finance products.
Standard Chartered’s Global Head of Trade & Working Capital, Sofia Hammoucha, emphasized the bank’s commitment to sustainable finance: “By integrating sustainability variants into our BBTL solution, we’re helping to empower our clients to adopt more sustainable practices. This aligns with our commitment to offering finance to help facilitate our clients’ transition towards more sustainable business practices.”
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