Examples of project categories eligible for social bonds include: food security and sustainable food systems, socioeconomic advancement, affordable housing, access to essential services, and affordable basic infrastructure. Thats why today weve issued our first Sustainability Bond focused on emerging markets covering least, low and lower-middle income countries in Asia and Africa. How to protect yourself from inflation during a recession? Greenwashing can occur due to the relatively broad criteria for what constitutes a green bond and lack of formal issuance guidelines in many emerging markets. Construction of a facility which will provide water to four districts in Zambia, with a catchment area of 2500km2 and a water supply capacity of 330,000m3 per day. Follow Standard Chartered on Twitter, LinkedIn, Instagram and Facebook. Over 20,000 SME loans to emerging markets including India, Kenya, Pakistan and Sri Lanka. The Client ESRA is reviewed each year to capture any changes to the clients risk profile. Equities and bonds are screened with ESG Select screen, and companies flagged by our screens are excluded. Indonesia: This document is being distributed in Indonesia by Standard Chartered Bank, Indonesia branch, which is a financial institution licensed, registered and supervised by Otoritas Jasa Keuangan (Financial Service Authority). Issuance in the ESG bond space has grown over the years, with total cumulative issuance passing the $3 trillion mark as of 30 September 2022 Source: Bloomberg. We track and monitor complaints through official industry channels (e.g. Examples of project categories eligible for green bond issuance include: renewable energy, energy efficiency, clean transportation, green buildings, wastewater management and climate change adaption. Learn more Our sustainability aspirations Our Sustainability Aspirations are measurable targets aligned to the UN Sustainable Development Goals. A still-reasonable allocation to high dividend equities also helps mitigate the long-term risk of losing value in inflation-adjusted terms if one allocates solely to cash and fixed income. Standard Chartereds First US Dollar Sustainability Bond, Third Party Risk Management for Non-Vendors. It is emerging markets pathway to a low carbon future that will have a major impact on the worlds ability to meet the Paris Agreements goal of keeping global warming below 2 degrees. | August 7, 2022 About Temasek Temasek is an investment company with a net portfolio value of S$306 billion (US$214 billion) as at 31 March 2020. Assisting Issuers in the issuance of sustainable bonds (green, social, sustainability, sustainability-linked and transition) by providing advisory on structuring of sustainable finance. All rights reserved. Call our Priority Banking on 01-2772514 for any questions or service queries. Standard Chartered Bank. Bank: Standard Chartered Bank in India. Past performance is not indicative of future results and no representation or warranty is made regarding future performance. Standard Chartered Group and/or its affiliates or its respective officers, directors, employee benefit programmes or employees, including persons involved in the preparation or issuance of this document may at any time, to the extent permitted by applicable law and/or regulation, be long or short any securities or financial instruments referred to in this document or have material interest in any such securities or related investments. We apply the framework to our Corporate & Institutional, Commercial and Business Banking clients, and embed our framework directly into our credit approvals process. Standard Chartered Bank is committed to report annually The author of this document may have discussed the information contained herein with other employees or agents of SCB or SCB (Taiwan). . Emerging markets face the biggest risk from climate change but also have the biggest opportunity to leapfrog to low carbon technology. (vi) access to health services and (vii) access to education to have Sustainability-linked Bonds Sustainability-linked Bonds - such as key performance indicator (KPI)-linked or SDG-linked Bonds - are structurally linked to the issuer's achievement of climate or broader SDG goals, such as through a covenant linking the coupon of a bond. SCB, SCB (Taiwan), the employees (including those who have discussions with the author) or customers of SCB or SCB (Taiwan) may have an interest in the products, related financial instruments or related derivative financial products contained herein; invest in those products at various prices and on different market conditions; have different or conflicting interests in those products. We work closely with NGOs, investors and technical specialists to ensure our framework remains fit for purpose, and we review it every two years to ensure that it reflects current industry best practice. CFRA and any third-party providers, as well as their directors, officers, shareholders, employees or agents do not guarantee the accuracy, completeness, timeliness or availability of such content. Standard Chartered says it looks to finance four types of sustainable trade finance activities. the use of proceeds. The final order book reached $1.5bn from 39 accounts at reoffer, including $895m from the leads. Definitions. Weve released our first Sustainable Finance Impact Report, Third Party Risk Management for Non-Vendors. Green bonds are one such measure and can help unlock institutional and retail investment and mobilize finance for clean energy . For those specifically looking to invest in climate solutions, its important to understand that the growing climate bond market includes not just labeled green bonds, but also unlabeled green bonds, and the bonds of climate leaders: Sustainable bonds, which include green, social, sustainability and sustainability-linked bonds, can offer a range of potential benefits including: While the establishment of the guiding principles has reinforced the integrity of the sustainable bond market, the act of greenwashing, or issuers misrepresenting the positive environmental impact of bond proceeds, is an ongoing challenge investors may face. Sustainalytics is a global ESG ratings agency. Investing in a sustainability bond issued by Standard Chartered gives investors access to emerging market sustainable finance with the comfort of investing in a well governed UK regulated Bank. said Daniel Hanna, our Global Head of Sustainable Finance. Standard Chartered Bank Ghana PLC has appointed Ebenezer Twum Asante as Chairman of the Board of Directors with effect from March 1, 2023. Infographic: Our Sustainability Bond the facts and figures. That is enough to satisfy the demands of more than 1.7 million people every day. Please do not reply to this email. If you are not the intended recipient, please destroy all copies and notify the sender immediately. Developed Markets (DM) Investment Grade (IG) government and corporate bonds are Neutral within bond allocations. Weve got the global network, deep expertise and innovative vision to meet all your banking needs and more. In the DIFC we are authorised to provide financial services only to clients who qualify as Professional Clients and Market Counterparties and not to Retail Clients. Far East Horizon, a financial leasing company registered in Hong Kong, has already taken the lead by marketing a Rmb150m two year sustainability Panda bond at 3.3%-3.4%. Reproduction of content provided by CFRA in any form is prohibited except with the prior written permission of CFRA. In particular, we recommend you to seek advice regarding the suitability of the investment product, taking into account your specific investment objectives, financial situation or particular needs, before you make a commitment to purchase the investment product. They can be unsecured, backed by the creditworthiness of the corporate or government issuer, or secured with collateral on a specific asset. Standard Bank Group ESG Investor engagement - 26 May 2022 . Through Futuremakers by Standard Chartered, we support young people to learn new skills, get job-ready and start their own businesses. Before making any investment, you should carefully read the relevant offering documents and seek independent legal, tax and regulatory advice. Based on the limited assurance procedures conducted, nothing came to Sustainalytics attention that caused them to believe that, in all material respects, the reviewed bond projects funded through proceeds of Standard Chartereds Sustainability Bond, are not in conformance with the Use of Proceeds and Reporting Criteria outlined in the Standard Chartered Bank Sustainability Bond Framework. Governance (G) factors can include how an issuer operates, such as its leadership, pay and incentive structures, internal controls, and the rights of equity and debt holders. Brunei Darussalam: This document is being distributed in Brunei Darussalam by, and is attributable to, Standard Chartered Bank (Brunei Branch) | Registration Number RFC/61 and Standard Chartered Securities (B) Sdn Bhd | Registration Number RC20001003. The Principal Office of the Company is situated in England at 1 Basinghall Avenue, London, EC2V 5DD. The bonds have a 1.125% coupon and were sold at 99.709, or a yield of 1.224%. Over the same period, sustainability bonds also increased. This document must not be forwarded or otherwise made available to any other person without the express written consent of Standard Chartered Group. Offer 1: Bank credit & debit card holders are eligible for an instant 10% discount on spending a minimum amount in a single transaction of value of INR 5,000/- (Rupees Five Thousand Only) using the Bank's credit or debit card during the Offer Period. standards. If youre looking for a career with purpose and want to work for a bank making a difference, wed love to hear from you. 885,000 microfinance loans enabled. About Standard Chartered Bank Published Projects. We can help identify a Sustainable investment (SI) approach that best matches your personal values. This document is being distributed for general information only and is subject to the relevant disclaimers available at our Standard Chartered website under Regulatory disclosures. You should seek advice from a financial adviser on the suitability of an investment for you, taking into account these factors before making a commitment to invest in an investment. This may be due to operational issues outside of anyones control, or due to changes weve made which a client will need time to implement such as requiring clients to become a member of an industry body or get certain certifications. BDO Unibank, Inc. has successfully raised P52.7 billion from the issuance of Peso-denominated Fixed-Rate ASEAN Sustainability Bonds under its P365 billion Bond Programme. SBG Sustainable Bond Framework Second Party Opinion (549.7k) SBG 2019 Environmental, Social and Governance Report (4.3m) SBG 2019 Assurance Statement (67.1k) UAE: DIFC Standard Chartered Bank is incorporated in England with limited liability by Royal Charter 1853 Reference Number ZC18.The Principal Office of the Company is situated in England at 1 Basinghall Avenue, London, EC2V 5DD. Mutual Funds / ETFs Funds labelled by Morningstar as Sustainable Investments. The transaction marked the Groups first USD denominated Sustainability Bond, following the EUR denominated Sustainability Bond issued in 2019. Social projects can include related and supporting expenditures such as research and development and, in situations where projects also have environmental benefits, issuers may determine classification as a social bond based on the primary objective of the underlying project. management & affordable basic infrastructure, (v) energy efficiency Standard Chartered says it ceased providing financial services to four clients . Vietnam: This document is being distributed in Vietnam by, and is attributable to, Standard Chartered Bank (Vietnam) Limited which is mainly regulated by State Bank of Vietnam (SBV). This included 433 new hospital beds, including intensive care beds and facilities for new-borns; a nursing school for 240 future health workers and room to accommodate 102 medical workers. The Sustainable Finance Impact report is verified by Sustainalytics. Annual Report, covers the period 1 July 2020 to 30 June 2021, in line with the timing of our Sustainable Bond . All rights reserved. Standard Chartered PLC today completed a $500 million offering of par-priced 1.214% four-year (non-call three) notes due March 23, 2025, at T+88. The potential impacts include market makers related activities, such as dealing, investment, acting as agents, or performing financial or consulting services in relation to any of the products referred to in this document. Mar 2021 - Present2 years 1 month. Are bonds and other income assets the answer? All rights reserved. Standard Chartered 2023. Standard Chartered Bank is incorporated in England with limited liability by Royal Charter 1853 Reference Number ZC18 and Standard Chartered Securities (B) Sdn Bhd, which is a limited liability company registered with the Registry of Companies with Registration Number RC20001003 and licensed by Brunei Darussalam Central Bank as a Capital Markets Service License Holder with License Number AMBD/R/CMU/S3-CL and authorised to conduct Islamic investment business through an Islamic window. SCBSL is an indirect wholly owned subsidiary of Standard Chartered Bank and is licensed to conduct banking business in Singapore under the Singapore Banking Act, 1970. Any product named herein may not be offered or sold in Hong Kong by means of any document at any time other than to professional investors as defined in the SFO and any rules made under that ordinance. with market practice. This new product, with the characteristics of a Demand Deposit Acco . Individual investors should contact their own financial professional to determine the most appropriate investment options for their financial situation. We see growing investor interest to finance sustainable development in Asia and Africa, but this is often hampered by elevated risk perception and a lack of investable opportunities. Standard Chartered Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. The Principal Office of the Company is situated in England at 1 Basinghall Avenue, London, EC2V 5DD. With countries across the world grappling with how to fund important issues such as climate change and financial inclusion, the need for private capital to play its role has never been more important. These challenges emphasize the importance of an investment manager that carefully assesses security documentations to determine the underlying use of proceeds and the expected impact. Offer: Offer means Clients who have done a UPI Transaction of amounts referred in the point 2.1 during the Offer Period they will be eligible to receive reward points on the terms and condition described below. Follow Standard Chartered on Twitter, LinkedIn, Instagram and Facebook. Help us fulfil our purpose driving commerce and prosperity through our unique diversity, As a leading international bank, we strive to help people and businesses prosper across Asia, Africa and the Middle East, Were committed to sustainable social and economic development across our business, operations and communities including achievement of net zero emissions and the UN Sustainable Development Goals, The move will help bring capital to where it matters most, combat climate change and increase access to finance for entrepreneurs. In addition, sustainable bonds, like any other fixed income instrument, have credit or default risk the risk that the borrower fails to repay the loan and defaults on its obligation. Social Bond Principles (SBPs) and Sustainability Bond Guidelines We became a member of EP in 2003, and we continue to apply the principles to applicable project-related transactions. The fast-growing market for sustainability-linked bonds offers opportunities, and we believe issuers would benefit by incorporating even more ambitious performance metrics and goals. Working Group, an evaluation by the Sustainable Finance and No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. Sustainability bonds are issues where proceeds are used to finance or re-finance a combination of green and social projects or activities. Standard Chartered ("Bank") today announced the launch of its Sustainable Account. The Bank accepts no liability for any loss or damage arising directly or indirectly (including special, incidental or consequential loss or damage) from your use of these documents. The Jersey Branch of Standard Chartered Bank is also an authorised financial services provider under license number 44946 issued by the Financial Sector Conduct Authority of the Republic of South Africa. If youre looking for a career with purpose and want to work for a bank making a difference, wed love to hear from you. Standard Chartered Bank is incorporated in England with limited liability by Royal . The 10-year US government bond yield is expected to rise towards 3.75%-4.0% in Q1 23 as the Fed seeks to maintain tight financial conditions for now. In a disclosure to the Philippine Stock Exchange, the bank said the amount it raised was more than 10 times the original offer o When this happens, we will always engage our clients to inform them about changes to our criteria and if necessary agree a specific, time-bound action plan to address any issues. Bank: Standard Chartered Bank in India. financed. PIMCO is committed to the integration of Environmental, Social and Governance (""ESG"") factors into our broad research process and engaging with issuers on sustainability factors and our climate change investment analysis. The market for ESG bond issuance is growing at an impressive rate and we look forward to exploring new sustainability funding avenues in the future., Alex Kennedy, Head of Sustainable Finance Solutions, said: It was great to see such a positive response to our first USD Sustainability Bond issuance. This Anuk De Silva on LinkedIn: #standardchartered #stanchartsl #hereforgood #grb #globalresearchbriefing Standard Chartered 2023. 87,583 tonnes of CO2 avoided. None of the information on this page is directed at any investor or category of investors. HSBC is a member of the International Capital Market Association's (ICMA) Executive Committee for the Green Bond Principles, which are a set of . We are present in 59 markets and serve clients in a further 83. . Therefore, it is possible, and you should assume, that Standard Chartered Group has a material interest in one or more of the financial instruments mentioned herein. Weve got the global network, deep expertise and innovative vision to meet all your banking needs and more. Standard Chartered Bank, alongside three other banks, acted as Joint Lead Manager (B&D bank) in addition to being the Sole Sustainability Structuring Agent for Ecobank Transnational Incorporated . Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges. IFCs Complaints Ombudsman or RSPOs complaints panel). Reductions in bond counterparty capacity may contribute to decreased market liquidity and increased price volatility. First, its important to distinguish between use of proceeds bonds and sustainability-linked bonds. Standard Chartered is having impact where it matters most, with 91% of sustainable finance assets located in emerging markets and 86% in some of the world's least developed nations. Before we provide financial services to a Corporate or Commercial Banking client,our relationship managers carry out an Environmental & Social Risk Assessment (Client ESRA). The offering forms an important move to support Hong Kong's plan to increase the use of wind, waste-to-energy projects and solar power to generate electricity to reach carbon neutrality by 2050. ) approach that best matches your personal values # globalresearchbriefing standard Chartered Group secured! Our screens are excluded appointed Ebenezer Twum Asante as Chairman of the Company is situated in England at Basinghall. No representation or warranty is made regarding future performance Directors with effect from March 1, 2023 important distinguish. Book reached $ 1.5bn from 39 accounts at reoffer, including $ 895m the... Warranty is made regarding future performance not be forwarded or otherwise standard chartered sustainability bond available to any person! 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Of Sustainable finance Impact Report is verified by Sustainalytics March 1, 2023 CFRA in any form is prohibited with. Representation or warranty is made regarding future performance prohibited except with the timing of our Sustainable Bond more ambitious metrics. Relevant offering documents and seek independent legal, tax and regulatory advice markets and serve clients a. Are excluded written consent of standard Chartered says it ceased providing financial services to four.... England with limited liability by Royal written permission of CFRA characteristics of a Demand Deposit Acco on 01-2772514 for questions.
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