Standard Chartered was recently named “Best Bank in Bangladesh for Sustainable Finance” at The Asset Triple A Country Awards for Sustainable Finance.
The Bank was recognised by the awarding body for arranging the nation’s first green zero-coupon bond and first green bond.
Green, social, and sustainability bond transactions direct fund flows in support of sustainable projects.
By issuing the first green zero-coupon bond for Sajida Foundation, Standard Chartered Bangladesh has facilitated greater access to resources for cottage, micro, small, and medium enterprises (CMSMEs).
At present, large swathes of SAJIDA Foundation’s lending portfolio is covered by enterprises involved in various agri-businesses and biogas production initiatives.
By arranging Bangladesh’s maiden green bond for Pran Agro Limited (PAL), a concern of PRAN-RFL Group, the Bank has provided proceeds to help the organisation to embrace and institute more sustainable business practices.
Naser Ezaz Bijoy, Chief Executive Officer, Standard Chartered Bangladesh, said, “Sustainable finance is key to enabling a just transition to a net-zero future, while supporting sustainable infrastructure that will continue to enable Bangladesh’s journey of progress and prosperity. We are delighted to have made a mark in this vital space and hope these milestones will act as markers that inspire further growth and development across our sustainable finance ecosystem.”
