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- First of Its Kind: The facility spans eight markets across the Middle East, Africa, and Pakistan, setting a new benchmark in responsible trade finance.
- Sustainability Integration: Ties trade finance to measurable targets, including GHG emissions reduction and safety performance.
- Corporate Alignment: Supports Siemens Energy’s strategic goals of enhancing transparency and accelerating cleaner energy transitions.
Standard Chartered has launched the first multi-country sustainability-linked trade finance facility for Siemens Energy, covering eight markets in the Middle East, Africa, and Pakistan. This groundbreaking facility integrates trade finance with measurable sustainability targets, focusing on greenhouse gas (GHG) emissions reduction and improving the total recordable injury rate at Siemens Energy.
The facility includes Guarantees and Letters of Credit, offering Siemens Energy both financial flexibility and incentives for sustainable business practices.
Related Article: Standard Chartered Introduces ESG-Linked Cash Account
What They’re Saying:
Roberto Hoornweg, Co-Head of Global Corporate & Investment Banking at Standard Chartered, said:
“This partnership is a testament to our commitment to delivering financial solutions that go beyond standard business practices. By linking trade finance to performance-based sustainability measures, we are driving financial innovation while supporting our clients in achieving their sustainability ambitions, therefore setting a new benchmark for responsible trade finance.”
Robert McAnally, SVP-Head of Treasury & Corporate Finance at Siemens Energy, added:
“Sustainability is at the core of our mission, and embedding it into our financial operations is a crucial step towards achieving our long-term environmental and social goals. This facility enables us to enhance transparency, drive measurable impact, and accelerate our transition target to cleaner energy solutions across key markets. Partnering with Standard Chartered allows us to align financial strategy with our broader sustainability ambitions, creating lasting value for our stakeholders.”
Why It Matters:
The initiative not only provides Siemens Energy with effective trade finance management but also introduces a new model for responsible growth in trade finance. By embedding performance-based incentives, Standard Chartered continues to lead the way in aligning financial products with corporate sustainability goals—demonstrating how profitability and purpose can go hand in hand.
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