RBC's commitment to provide C$500 billion in sustainable finance by 2025 is one of the largest commitments of its . endobj You acknowledge that no registration or approval has been obtained and Eni Gas e Luce S.p.A. societ benefit and its affiliates assume no responsibility if there is a violation of applicable law and regulation by any person. | Sustainability framework | Standard Chartered Home / Sustainability / Our position statements / Framework our framework Leading international standards For over 20 years, our cross-sector framework has helped us apply international standards and best practices across all of our markets About the Center The world must act now if it is to deliver the United Nations Sustainable Development Goals (SDGs) for a more sustainable society by 2030. In Depth Financial Institution Net-zero Transition Plans. Now is the time to optimise the impact of sustainable finance by focusing on the regions at greatest risk from climate change, and by tackling the inequalities that must be addressed in society and the economy. We have executed USD10 billion of blended finance deals over the past four years. Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. The world's rst sustainable deposit was launched in 2019 by Standard Chartered to nance the Sustainable Development Goals in Africa, Asia and the Middle East using their Green and Sustainable Product Framework.v Green trade loans nance the purchases of goods and materials to support sustainable <> You acknowledge that the materials on this website that you are accessing are confidential and intended only for you and you agree you will not forward, reproduce, copy, download or publish any of such materials (electronically or otherwise) to any other person if this is not in accordance with the law. Mobilising the trillions of dollars needed each year to address global warming and other climate challenges will require greater innovation to link investors interests directly with real-world impact. We see tremendous opportunity to use our purpose-driven, principles-led approach to bring about positive change, advance sustainable economic growth, and help build a prosperous future for all of our stakeholders. You acknowledge that the information and statements contained in the document you are accessing on this website speak only as of the date of such document (or such other date(s) specified therein), and such information and statements may become inaccurate, stale and/or out-of-date thereafter and should not be relied upon for any investment decision. With funding desperately needed to meet the UN's Sustainable Development Goals could private equity be the answer? This is our chance to catalyse, standardise and democratise access to sustainable finance where it is needed most. IPE We are committed to realizing them. Whatever business challenges come your way, your need for smooth, successful transactions will be constant. As required by the SLBP and SLLP, Eni has identified four Key Performance Indicators (KPIs) in the Framework: renewable energy installed capacity, Net Carbon Footprint Upstream (Scope 1 and 2), Net GHG Lifecycle Emissions (Scope 1, 2 and 3) and Net Carbon Intensity (Scope 1, 2 and 3). To ensure the transparency of the sustainability results achieved by Eni over time, the performance of the various KPIs will be published and verified annually by the auditor appointed for this purpose or by other qualified third-parties. and The surplus cash will be used in tackling some of the worlds most significant long-term threats, including climate change, quality education, clean energy, and financial exclusion. AAHK's SFF sets out how AAHK intends to enter into Sustainable Finance Transactions (SFTs) to fund expenditure on projects that will deliver environmental and/or social benefits and support AAHK's objective to become the world's greenest airport, which will also further the development of sustainable urban infrastructure in support of the . We believe there is tremendous potential for financial markets to contribute to solving some of the biggest social and environmental challenges we face from improving the accessibility of affordable housing and inclusive financial services to mitigating climate change and protecting biodiversity. We can provide the support and advice that clients need to accelerate their net zero journey. As parents, consumers and members of society, we all have something at stake. Discover how we are building a sustainable future. <> We want to ensure capital flows to clients who are the best performers in the climate transition, even those in carbon-intensive sectors. The EU green deal and the NZSI are extremely important elements in this effort.. The information to which this website gives access is directed only at persons (i) who are persons falling within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations etc.") Building a sustainable, net-zero economy will be one of the largest economic transformations in generations. Finally, we need to direct the benefits of sustainable finance to the regions that are most at risk from climate change and have the biggest opportunity to reduce greenhouse gas emissions through a jump to low-carbon technologies. Yet, while momentum is building in sustainable finance, the hardest work is still to be done. Weve got the global network, deep expertise and innovative vision to meet all your banking needs and more. Eni will include in its future financial agreements, where possible, a mechanism that will link the financing cost to the achievement of one or more of the identified targets. That challenge is greatest for emerging-market-headquartered companies, where 64 per cent of executives tip a lack of internal net zero transition support as a hurdle. The development of common standards and definitions will stimulate market growth by promoting transparency and building confidence in sustainable finance. 4. In the Framework, we provide details on both dedicated purpose financing (where the financing is earmarked for green and social activities) and general corporate purpose financing for eligible entities. endobj The need for investment in these regions is urgent. Our report found an almost USD10 trillion private-sector investment opportunity across 15 high-growth markets in Africa and Asia aligned to three of the most tangible, infrastructure-focused Sustainable Development Goals. Green & sustainable product framework The net zero transition cannot happen overnight. With this Framework, and any financing under this Framework that may follow, ROP intends to contribute to the development of the Sustainable Financing market domestically in the Philippines. 5 0 obj Weve got the global network, deep expertise and innovative vision to meet all your banking needs and more. Contributing to sustainable economic growth, Download file entitled Our bond framework as pdf, Download file entitled Our sustainable finance impact report as pdf, Download file entitled Our second party opinion as pdf, Download file entitled Our verified annual review data as pdf, Download file entitled Our sustainable finance impact report 2022 (full year) as pdf, Sustainable investing is at a tipping point, Net zero by 2050: Companies to ditch suppliers endangering transition plans, Six sustainability trends to watch in 2021, Impact is more important than league tables, Sourcing soy sustainably: our new approach for clients, Private equity may hold the key to the delivery of the SDGs, Third Party Risk Management for Non-Vendors. Both are central to the decarbonisation strategies of their respective clients and markets. We actively engage with our stakeholders to mitigate the impact that stems from our financing decisions. Our Sustainable Finance Framework provides transparency to the methodology we use to measure and report on progress towards our sustainable finance commitment. 103 green, social, sustainability or sustainability-linked bond transactions supported. About Standard Chartered One of the biggest challenges is where we operate. Find out more, Piazzale Enrico Mattei,1 The information contained in this segment of the website is not intended for, and must not be accessed or distributed or disseminated to persons resident or physically present in the United Kingdom, Canada, Australia, Japan or any other jurisdiction in which it is unlawful to do so. ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N). We supported clients with C$83.8 billion in sustainable finance in 2021, up from C$73.3 billion in 2020 and C$40.8 billion in 2019. 12 0 obj If investors help fund a just transition, emerging market economic output could be 3.1 per cent higher each year until 2060 - to the benefit of the entire global economy. Find out more Our approach Channelling sustainable finance where its needed most will maximise real-world impact. Financial Times Transitioning to a net-zero future will require significant investment we estimate that C$2 trillion in investments is required in Canada aloneFootnote 2 Details. BofA Securities, BNP PARIBAS, HSBC and UBS acted as Joint Sustainability Structuring Advisors while ANZ, Bank of China, Citigroup, J.P. Morgan and Standard Chartered Bank acted as Joint Associate Sustainability Structuring Advisors in connection with the establishment of AAHKs SFF. The bank has closed its first sustainable deposit with consumer goods group Unilever, marking the start of the roll-out of this innovative offer to corporate clients in EMEA. The rapid growth of sustainable finance has helped drive progress on sustainable development and address global warming. Standard Chartered is here to support our clients and to enable them as they transition to net zero. @TcT;FBH(ID >'jwx"F$we`|ijJAj;Evt8OZ86%nh#%%1|G,g9p Our history in the US dates back to 1902, and we are currently present in eight locations throughout the Americas. Standard Chartered is committed to expanding the scale and reach of sustainable finance, with plans to mobilise USD300 billion in green and transition finance by the end of this decade. One of the things that is very important to us right now is helping our clients in their journey to net zero. Standard Chartered and ADM today announced the successful execution of the Bank's first Green Trade Export Letter of Credit (LC) program in Singapore, London and New York. % About Citi Standard Chartered is here to support our clients and to enable them as they transition to net zero. 2BloombergNEF 1H 2022 Sustainable Finance Market Outlook, 3Blended finance primer on the Convergence website, 5 UNEP Finance Initiative (2018) Rethinking Impact to Finance the SDGs. Yet low- and middle-income countries are receiving less than 60 per cent of the financing they need to achieve the SDGs. The offer is based on the . UniCredit is a simple and successful pan-European Commercial Bank, with fully plugged in Corporate & Investment Bank, delivering a unique Western, Central and Eastern European network to an extensive and growing client franchise. Confirmation of Understanding and Acceptance of Disclaimer. Sustainable finance can play an essential role in supporting a just and inclusive transition. RBCs commitment to provide C$500 billion in sustainable finance by 2025 is one of the largest commitments of its kind made by a Canadian bank. As a leader in sustainable finance, we aim to be at the forefront of social change and the green transition. We have a deep market to source financing for renewable energy and other green projects in developed markets, but we now need to tackle the carbon-intensive, hard-to-abate industries that are embedded within the global economy. +39 06 59822030, Piazza Vanoni, 1 - 20097 San Donato Milanese (MI), We are an energy company. As Standard Chartered has shown, financing a solar project in India can help avoid more than seven times the CO2 emissions than a similar-sized project in France because of the current sources of power on those countries grids. Select a source. It's why we're bringing you sustainability-linked financing solutions. A climate-aligned finance agreement establishes . We quantified part of that in Opportunity 2030: The Standard Chartered SDG Investment Map. endobj RMI We dont have all of the answers, but we balance the urgency in our actions with a focus on making sure that we work with our clients to make this a just transition. Sustainability-linked debt is currently one of the fastest growing segments in the sustainable finance marketFootnote 3 Details. 20097 San Donato Milanese, Milan, Italy, THIS WEBSITE (AND THE INFORMATION CONTAINED HEREIN) DOES NOT CONTAIN OR CONSTITUTE AN OFFER OF SECURITIES FOR SALE, OR SOLICITATION OF AN OFFER TO PURCHASE SECURITIES OR IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR FOR THE ACCOUNT OR BENEFIT OF ANY U.S. Check out the stories shared by our airport community members. <> While the world has woken up to net zero being an imperative, sometimes we find that businesses are uncertain about where to begin and what to do. ESG is not a solution in itself, but as a trusted partner to our clients, integrating ESG factors in RBCs decision making process can help drive better outcomes for all. Additional information may be found at www.unicreditgroup.eu | Twitter:@UniCredit_PR| LinkedIn https://it.linkedin.com/company/unicredit, This partnership establishes a new template for collaboratively setting targets alongside clients, grounded in overcoming concrete technology and transition finance barriers while driving successful business outcomes, said Nicholas Smith, Goldman Sachs head of global steel coverage. ESG factors provide more data, tools and insights that help us better understand the opportunities and risks in todays economic and business landscape. Launched in 2020, the Center builds on RMIs nearly 40 years of experience developing market-based solutions to accelerate the energy transition. As part of its commitment to sustainability, Vodafone Group Plc has designed a Sustainable and Sustainability-linked Framework (the 'Framework') under which Vodafone can issue green, social, sustainability and sustainability-linked funding instruments to finance or refinance projects enabling the company to meet its environmental and/or social objectives. In January 2021, ING received an ESG evaluation score of 83 (strong) from S&P Global Ratings. The Transition Finance Imperative: A Conversation with Simon Cooper, Third Party Risk Management for Non-Vendors, To read our e-magazine on sustainable finance, click here, Opportunity 2030: The Standard Chartered SDG Investment Map, first Blue Bond with the Republic of Seychelles, first transition sukuk with Etihad Airways. Stories shared by our airport community members standard chartered sustainable finance framework the UN 's sustainable development and address global.! 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