Standard Chartered was recently recognised as the “Best Bank for Sustainable Finance” in Bangladesh at The Asset Triple A Sustainable Finance Awards 2024.
This honour underscores the bank’s unwavering commitment to sustainability, innovation, and to driving positive change within Bangladesh's dynamic financial landscape.
The bank received this recognition for financing environmentally friendly manufacturing; executing the nation’s first Green Bond and Green Zero-Coupon Bond; extending agriculture credit; and launching several comprehensive community engagement initiatives.
Naser Ezaz Bijoy, CEO at Standard Chartered Bangladesh, said: “It is predicted that the value of Bangladesh's sustainable finance market will grow by 20% a year for the next decade to reach almost $30 trillion by 2032. In line with this, the sustainable finance landscape in Bangladesh is evolving rapidly, driven by increasing awareness, regulatory support, and market demand for responsible and ethical financial products and services. We are proud to be able to lead this evolution, leveraging our expertise, resources, and partnerships to drive positive impact and build a more resilient, inclusive, and sustainable Bangladesh.”
Standard Chartered has had a long commitment to sustainable finance and supporting the movement of capital from developed to emerging markets.
The bank has the financial expertise, governance frameworks, innovative thinking, technology, and geographical reach to get capital from where it exists to the markets where it matters the most.
Standard Chartered’s commitment to support Bangladesh’s continued journey of prosperity saw the bank secure 30 major international awards in 2023.
The Asset Triple A Sustainable Finance Awards 2024 shine the spotlight on the trailblazing corporates and institutions, the best deals, and the individuals who are making a difference.
This year’s awards program highlights how collectively domestic and regional banks, as well as the international banks, are integrating and supporting sustainable finance to support the region’s green transition and social development.