Standard Chartered Launches ESG-Linked Trade Loans to Boost Global Commodity Decarbonization

Standard Chartered has introduced a sustainable finance variant of its Borrowing Base Trade Loan (BBTL), aimed at supporting the decarbonization of the commodity sector. This secured revolving credit facility allows businesses to borrow against collateral like cash and inventory while incorporating environmental, social, and governance (ESG) criteria. Available in markets such as the US, UK, UAE, South Africa, Singapore, and Hong Kong, the BBTL variant offers preferential pricing for companies that meet sustainability-related performance indicators. This initiative aligns with Standard Chartered’s commitment to facilitating clients’ transitions to sustainable practices, as they expand their sustainable finance offerings with additional products and focus on financing activities that promote sustainability, such as critical metals for the energy transition. Resources: https://esgnews.com/standard-chartered-launches-esg-linked-trade-loans-to-boost-global-commodity-decarbonization/