Standard Chartered and Ant Group entered into an agreement to deepen their partnership in driving green and inclusive finance, global fund management and sustainable development. Both parties will jointly contribute to tackling global issues such as climate change and ocean protection.
Since their first memorandum of understanding (MOU) signing in 2017, Standard Chartered and Ant Group have engaged in extensive collaboration in both China and various global markets.
In the realm of green and sustainable finance, Standard Chartered serves as one of the joint-mandated lead arrangers and bookrunners for Ant Group’s sustainability-linked syndicated loan. Moreover, they have worked together on sustainable deposit initiatives and other areas within the sustainable finance domain.
The two parties have also successfully partnered in digital innovation for global fund management and expanding inclusive finance solutions for small and medium-sized enterprises (SMEs).
As part of the enhanced cooperation framework, Standard Chartered will provide support to Ant Group in establishing a leading global liquidity and foreign exchange management structure. Furthermore, they plan to strengthen their collaboration in ESG (Environmental, Social, and Governance) initiatives, digital innovation, and inclusive finance efforts.
“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 environmental, social and governance (ESG), inclusive finance for SMEs and digital innovation,” said Dr. José Viñals, Group Chairman, Standard Chartered PLC.
Eric Jing, Chairman and Chief Executive Officer of Ant Group, said that 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,” he said.