Standard Chartered & Ant Group team up to foster green finance

By Gloria Mathias

Standard Chartered and Ant Group have agreed to deepen their partnership in driving green and inclusive finance, global fund management and sustainable development.

Both platforms will jointly contribute to tackling global issues such as climate change and ocean protection.

In green and sustainable finance, Standard Chartered is one of the joint-mandated arrangers and book-runners of Ant Group’s sustainability-linked syndicated loan and has cooperated with Ant Group in sustainable deposit and other areas.

In addition, the two parties have also successfully cooperated in the digital innovation of global fund management and in proliferating inclusive finance for SMEs.

Dr. José Viñals, Group Chairman, Standard Chartered PLC said, “We are honoured to enter into this extended agreement and deepen our longstanding strategic partnership with Ant Group. Building on our mutual trust and joint commitment, we look forward to leveraging our shared vision to further our global cooperation in ESG, inclusive finance for SMEs and digital innovation.”

Under the expanded cooperation framework, Standard Chartered will support Ant Group to build a strong global liquidity and foreign exchange management structure and further strengthen their collaboration in ESG, digital innovation and inclusive finance.

Eric Jing, Chairman and CEO of Ant Group shared, “Ant Group and Standard Chartered are long-term partners. We have always been committed to using technology to assist SMEs in their digital transformation journeys and jointly promoting global sustainable and inclusive development. Together with our ecosystem partners, we look forward to expanding our cooperation with Standard Chartered, and further leveraging the expertise from both sides in digital technology, green finance and inclusive finance, to make greater contributions to global sustainable development.”