Standard Chartered’s Post

This is truly an exciting milestone! Supporting projects like the UK’s East Coast Cluster demonstrates the transformative role carbon capture and storage (CCS) can play in advancing our net-zero ambitions. Capturing and securely storing up to 4 million tonnes of CO2 annually by 2030 is not only a commendable target but a testament to the power of innovation and collaboration in tackling the climate crisis. Innovative financing of such groundbreaking initiatives highlights Standard Chartered Bank’s leadership in ESG. By strategically deploying capital into sustainable ventures, SCB is setting a benchmark for driving environmental impact at scale while creating long-term value for stakeholders. Projects like these underscore the vital role financial institutions play in accelerating the transition to a low-carbon economy. Kudos to team SCB for setting an powerful example of what purposeful partnerships can achieve for a sustainable future! Marisa Drew Sridhar Nagarajan Ben Daly

Supporting the energy transition and decarbonation journey of our clients across our markets is embedded in our energy sector growth strategy. Carbon capture and storage (CCS) and its financing are key to achieving net zero goals, alongside other solutions. We are proud to contribute to this transformative UK Government backed initiative which places the country at the forefront of industrial decarbonisation and CCS.

We are proud to have acted as exclusive Financial Advisor, MLA, DLA and hedging bank to the Northern Endurance Partnership (NEP) and the Net Zero Teesside (NZT) Power, the first project financed carbon capture and storage projects globally. Both projects represent the largest project financings in the UK over the last several decades, with a combined value of around £8bn. They are central to developing the UK's East Coast Cluster (ECC), located in the Northeast of the UK. NZT Power is a gas-fired power plant with carbon capture technology and NEP will provide CO2 transportation and storage infrastructure for ECC projects. The projects significantly contribute to the UK’s net zero efforts and highlight Societe Generale's goal to support large-scale projects that drive the transition to a low-carbon economy. Read more here: https://lnkd.in/evTYqBHc

By 2050, strategic investments in clean energy could elevate the Middle East's economy to $13 trillion. Opportunities in green hydrogen and green steel manufacturing are setting the stage for a sustainable future. Explore more in our latest ‘Strategic investment and deal opportunities’: https://pwc.to/3yrNqnc  #Energytransition #PwCDeals

Our CEO, 'Tom' Sawyer, chairing the Offshore Wind Opportunity panel with Francesca Bell of Offshore Energies UK, Sam Boyd Williams of WSP, Lucy Parsons of Department for Business and Trade, and Borbala Trifunovics of The Crown Estate. The discussion placed a spotlight on the opportunities and challenges presented by the offshore wind sector and the important role that UK ports have in enabling green growth and a just transition to a low carbon economy. #BPA2024

Our Managing Director, Rob McDonald’s latest blog focuses on the opportunities and challenges ahead for SSEN Transmission as we submit our RIIO-T3 Business Plan.   💡 At least £22bn of investment. ⚡️ Enabling net zero goals and energy security. 👷 Supporting tens of thousands of jobs across the UK.   ⬇️ Read the blog below and find out how we’re driving transformational change to deliver clean power for generations.

So this week we set out investment plans that could exceed £30 BILLION in electricity grid infrastructure that will help connect and transport more renewable energy to where it is needed. It will be important to continue designing upgrades sensitively, in close consultation with communities, but this programme will provide a huge economic boost to the north of Scotland while enabling delivery of the UK’s 2030 clean power target and supporting growth. There’s no shortage of people talking about these issues, but we are setting about actually delivering the clean energy infrastructure the country so desperately needs. Now the hope is Ofgem will support this level of ambition when it makes its determinations. Huge credit to all my colleagues in SSEN Transmission for their work on such a bold and comprehensive business plan. Greg Clarke Maz Alkirwi Rob McDonald Michael Ferguson Sara McGonigle

The energy transition isn’t just about flipping a switch. It’s about fueling a movement. In this thought-provoking discussion, industry leaders dive deep into the innovations shaping the future of low-carbon and clean fuels—especially for hard-to-decarbonize sectors like heavy transport and industry. 🎙️ Panelists: 🔹 Darrell Law (Moderator), Canadian Energy Investment Banking, RBC Capital Markets 🔹 Nicolas Pattera, President, Linde Canada 🔹 Dr. Erin R. Bobicki, PhD, P.Eng, Co-founder & CTO, Aurora Hydrogen 🔹 Kelly Campbell, Director of Environmental Commodities, Suncor 🔹 Rob Pinchuk, Director, Parkland This conversation strikes a balance—meeting the needs of today while building a sustainable tomorrow. Watch now to explore what it takes to power the future of energy: https://lnkd.in/ga_dKuiE

EDF, UK’s leading energy provider, has signed a €6 billion ($6.3 billion) syndicated credit facility indexed to environmental, social, and governance (ESG) indicators. The five-year facility, renewable twice for one year, adheres to the Loan Market Association’s Sustainability Linked Loans Principles and links its cost to three performance metrics: direct greenhouse gas emissions, avoided CO2 emissions, and the proportion of women among the Group’s executives. Read more: https://lnkd.in/gFBA3apD #SustainableFinance #ESGLinkedCredit #ESGInvestment #SustainabilityLinkedLoans

For industries with substantial CO2 emissions, such as Infrastructure, the implementation of carbon pricing will pose a significant challenge and expose companies as either leaders or laggards. In this article shared by Trustnet, Jags Walia and our listed infrastructure team delve into the detail of implementing carbon pricing: https://lnkd.in/ewM2KTNf Capital at risk. For professional investors only. #listedinfrastructure #sustainableinvesting