NEW DELHI (India CSR): Standard Chartered today announced the extension of a Sustainability-Linked Trade Facility (SLTF) of INR 540 crore to Indorama India Private Limited, reinforcing the Bank’s commitment to supporting its clients’ sustainability ambitions.
The facility is structured as a sustainability-linked trade and working capital arrangement, based on clearly defined sustainability performance targets (‘SPTs’) aligned with Indorama’s ESG framework. By linking financing terms to the achievement of these targets, the facility supports the integration of sustainability into Indorama’s core financing activities while incentivising measurable sustainability progress.
Speaking on the occasion, Angel Sivan – Regional Head of Transaction Banking Corporate sales India & South Asia, Standard Chartered said, “We are pleased to partner with Indorama India in supporting its sustainability journey through this tailored SLTF. By integrating ESG-linked targets into the deal structure, we are enabling our clients to align their growth with more responsible business practices. This transaction underscores our commitment to delivering innovative financial solutions that support our clients’ sustainability ambitions.”
Manish Kumar Agarwal, CFO – Indorama India said, “The partnership with Standard Chartered reflects our commitment to integrating sustainability into our financing activities. This strengthens our liquidity position and reinforces our dedication to ESG principles. It is a testament to the collective efforts of everyone involved in making this possible. We will continue to build on this sustained momentum as we further advance our sustainable finance agenda.”
(India CSR)
