Standard Chartered adopts ICC’s Sustainable Trade Finance Principles

Singapore-based Standard Chartered has adopted the ICC’s Sustainable Trade Finance Principles, thus becoming the first international bank to fully align with these global industry standards. This decision supports the bank’s sustainable finance solutions that are governed by two frameworks: the Transition Finance Framework and the Green and Sustainable Product Framework 2024. This initiative follows their introduction of a sustainable trade finance proposition in 2021 and aims to provide a standardized approach to evaluating sustainable trade finance transactions.