ABN AMRO is joint lead for 2nd EUR sustainability bond issuance from Standard Chartered PLC

Standard Chartered PLC EUR 500m 8nc7 Sustainability Senior Holdco

This transaction marks the second EUR sustainability bond issuance from Standard Chartered PLC (Standard Chartered) following their inaugural EUR sustainability transaction in June 2019.Standard Chartered updated its existing Sustainability Bond Framework in January 2021. The purpose of the framework is to increase capital flow to accomplish specific UN Sustainable Development Goals and align with the bank's sustainability strategy: contributing to sustainable economic growth, being a responsible company and investing in communities.

The Framework includes not only environmental and climate related (Green) categories, but also Blue and Social project categories.

Examples of eligible projects include: Green - renewable energy (waste to energy excluded), energy efficiency (e.g. related to technologies or public services and commercial buildings), green buildings, climate change adaptation; Blue projects include: offshore wind, sustainable aquaculture; and Social covers projects such as: microfinancing, healthcare infrastructure, affordable housing, SME financing to organizations unable to gain access to financial products, etc.

This year to date ABN AMRO has acted as joint lead manager on all Green, Social and Sustainability senior unsecured deals from UK financial institution groups.