Standard Chartered Wins $130M from Siemens Energy Mandate

Standard Chartered has launched a groundbreaking $130 million sustainability-linked trade finance facility for Siemens Energy, marking the first multi-country initiative of its kind across the Middle East, Africa, and Pakistan. This facility integrates trade finance instruments such as Guarantees and Letters of Credit with Siemens Energy’s measurable sustainability targets, including reductions in greenhouse gas emissions and improvements in workplace safety metrics.

Standard Chartered Pakistan has secured a $130 million banking mandate from Siemens Energy to provide tailored financial solutions, including working capital strategies and employee banking services. The partnership underscores the bank’s strong local presence, digital capabilities, and expertise in cross-border finance. The agreement was signed by senior executives from both organizations, who emphasized the collaboration’s potential to enhance operational efficiency and drive long-term value.