Standard Chartered’s first green trade finance facility inaugurated in the UAE
Published 13 Sep,2021 via Arab News - Economy - Global bank Standard Chartered has carried out its first green trade finance facility in the UAE, working with solar generation business Amplus Energy Solutions FZE.
The company is a subsidiary of Amplus Solar, and the capital generation programme will help the firm with the implementation of sustainable practices across ecosystems, as well as building more resilient supply chains.
Rola Abu Manneh, chief executive officer of Standard Chartered UAE, said: “It is our pleasure to announce the bank’s first green trade facility for the Group in support of PETRONAS, and its UAE-based subsidiary, Amplus Dubai, in their progress towards adopting sustainable practices through the enhancement of their global trade processes.
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