Standard Chartered and the Confederation of Indian Industry – Indian Green Building Council (CII IGBC) have signed an MoU to promote financing for green buildings in India. The partnership aims to accelerate the adoption of energy-efficient building solutions and support India’s goal of reducing its carbon footprint.
The partnership will provide developers with the tools and resources needed to build energy-efficient and environmentally friendly buildings, reducing the environmental impact of the construction industry and accelerating the growth of India’s green building sector.
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Standard Chartered Bank has partnered with the Confederation of Indian Industry’s Indian Green Building Council (CII-IGBC) to promote sustainable development in India’s real estate sector. This collaboration aims to provide financing solutions for projects that achieve IGBC’s green building certifications, thereby encouraging environmentally responsible construction practices.
The IGBC has been instrumental in advancing green building initiatives across India. Since its inception in 2001, the council has registered over 11,300 green building projects, encompassing more than 10.27 billion square feet of built-up area. These projects span various building types, including residential, commercial, and institutional structures, reflecting a nationwide shift towards sustainability.
Standard Chartered’s involvement in this initiative aligns with its global commitment to sustainable finance. The bank recognizes the pivotal role that green buildings play in mitigating climate change and enhancing energy efficiency. By offering tailored financial products and services, Standard Chartered aims to support developers and investors who prioritize sustainability in their projects.
This partnership is expected to accelerate the adoption of green building practices in India, contributing to the country’s environmental goals and promoting healthier living and working spaces. By facilitating access to capital for green-certified projects, Standard Chartered and CII-IGBC are fostering a more sustainable and resilient built environment for future generations.
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Construction, Infrastructure and Mining
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