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  • Boats in a harbour

    Sustainability

    Channelling capital towards the ocean

    We’re working to help transition the real blue economy to more sustainable practices.

Protecting and facilitating the sustainable use of the ocean is essential to mitigating the effects of climate change, supporting livelihoods across our markets, and fostering inclusive and enduring economic growth.

Despite our global dependence on the ocean, marine health continues to decline, and its protection remains severely underfunded, presenting potential risks to inclusive economic development through impacts to livelihoods and biodiversity.

We aim to mobilise finance towards the ocean and a sustainable blue economy, and support the advancement of the blue finance ecosystem.

As a member of #BackBlue, an Ocean Finance Commitment, we are looking at how we can seek to ensure that a sustainable ocean is an important consideration in our financing decisions. We build our knowledge and understanding of key issues and share best practice through our membership of other industry and sector organisations, adoption of global commitments, and implementation of guiding frameworks. Discover these here.

We’re guided by our position statements, which are informed by international conventions, national laws and regulations, and industry standards and best practices.

How we’re supporting our markets

A beach with a boat.

A debt conversion for nature

We acted as the sole lender and deal manager in a debt conversion for nature with The Government of The Bahamas, which is expected to unlock USD124 million for marine conservation over the next 15 years.

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A sustainability-linked loan for Vista Shipping

We led the USD89.6 million sustainability-linked loan for Vista Shipping to support the purchase of dual-fuelled vessels, alongside assisting in securing a Second Party Opinion (SPO) on the loan.

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A sustainability-linked loan for MISC

We led MISC’s first USD527 million sustainability-linked loan, financing six Very Large Ethane Carriers (VLECs) to support MISC’s long-term business strategy and sustainability aspirations.

container shipping

A sustainability-linked loan for HMM, Korea’s largest container shipping company

We acted as the Mandated Lead Arranger, Sustainability Coordinator and Original Tranche A Lender for this USD615 million sustainability-linked loan, winning the Marine Money East Structured Finance Deal of the Year.

The coastline of Mauritius.

Scaling adaptation and resilience finance

The Guide for Adaptation and Resilience Finance serves as a common reference for adaptation and resilience, with a collection of over 100 investible opportunities for investors. This can help to address the disproportionate impact of the changing ocean on coastal regions and communities.

Driving awareness of promising solutions

Our reports showcase investible, innovative solutions to catalyse the transition of the blue economy to more sustainable practices.

Historically, investment into a sustainable blue economy has been a ripple when what we need is a wave.
Profile
Marisa Drew
Chief Sustainability Officer

Hear more from our Chief Sustainability Officer:

Standard Chartered has an important role to play in supporting our clients, sectors and markets to deliver net zero, but to do so in a manner that supports livelihoods and promotes sustainable economic growth. We currently provide financial services to clients, sectors and markets that contribute to greenhouse gas emissions however we’re committed to net zero in our own operations by 2025 and in our financed emissions by 2050.

Learn more about our approach.