Standard Bank issues green bond via IFC

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The capital raised as a result will be used to finance eligible green assets (renewable energy, energy efficiency, water efficiency and green buildings) aligned to SBG’s Sustainable Bond Framework. The IFC's Performance Standards, which are part of the IFC’s Sustainability Framework, have become globally recognised as a benchmark for environmental and social risk management in the private sector.

“Our strategy aims to embed social, economic and environmental considerations into our borrowing, lending and business practices in a way that helps us to continue supporting our clients, whilst producing value for society at large,” said Sim Tshabalala, Standard Bank Group chief executive, on the launch.

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“The bond showcases the role that capital markets can play in mobilising climate-smart finance and we hope it will inspire more companies in South Africa to unlock investment for climate-related projects,” says Kevin Njiraini, IFC regional director for Southern Africa and Nigeria.