Green Mortgage Promotion Benefits
In support of
Sustainability
towards a greener built environment
Make a difference in
Reducing
your carbon emissions
Enjoy a
Lower
interest rate on your mortgage loan
Make a positive impact on society and the environment by taking out a Green Mortgage.
Delivering Sustainable Finance where it matters the most
Social
Over 885k microfinance loans enabled
Environmental
1.4 million tonnes of CO2 emissions avoided
Financial
Nearly 20,000 SME loans disbursed
Geographical
70% of our total Sustainable Finance assets are located in emerging markets. 84% of them are in Asia, Africa and the Middle East
How does the Green Mortgage Promotion work?
You will enjoy a pricing discount on your mortgage loan should you meet the following conditions:
- Your mortgage property must have a valid Building and Construction Authority (BCA) Green Mark rating of Green Mark Gold, Green Mark GoldPlus, Green Mark Platinum, or Green Mark Super Low Energy (SLE), which includes Green Mark GoldPlus SLE and Green Mark Platinum SLE, which is within 3 years from the certification year
- You must apply for a new mortgage loan or reprice your existing loan with the bank
- You must take up a floating rate package, which is a SORA-Pegged package.
Refer to the Standard Chartered Green Mortgage Terms and Conditions which apply1.
FAQ
The BCA Green Mark certification scheme was launched in 2005, and is a green building rating system designed to evaluate a building’s environmental impact and performance from design to operational stage. The scheme is refreshed every few years to stay relevant with the latest being the BCA Green Mark 2021 (GM: 2021) certification scheme. The refreshed scheme encourages the industry and professionals to collaborate and develop green building solutions to raise energy efficiency and attain standards to achieve sustainability outcomes outlined in the Singapore Green Building Masterplan (SGBMP). One of the targets under SGBMP is to have at least 80% of buildings in Singapore (by Gross Floor Area) to be green by 2030.
You may do so at the following link:
Yes, provided the properties meet the eligibility criteria.
The Bank has a Green and Social Sustainable Finance Product Framework. This defines eligibility for a ‘sustainability’ label for all products across the Bank. It was co-authored with Sustainalytics, the leading provider of ESG data and verification.
The Bank has various products that support sustainability by generating social and environmental benefits. For Green Mortgages, we are encouraging our customers to purchase green properties which have lower carbon footprints and consume less energy. Other products that support sustainability are Sustainable Time Deposits and ESG Unit Trusts.
Our Sustainable Product Framework and our Sustainable Finance Impact Report can be found here.
