Standard Chartered and CII IGBC Join Hands to Boost Green Building Finance in India

Mitigation of Climate Change
March | 2025

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In a move aimed at accelerating the adoption of sustainable building practices in India, Standard Chartered and the Confederation of Indian Industry – Indian Green Building Council (CII IGBC) have signed a Memorandum of Understanding (MoU) to facilitate the financing of green buildings across the country. This strategic collaboration is expected to play a crucial role in promoting energy-efficient construction solutions, thereby contributing to the reduction of India’s overall carbon footprint.

The MoU was officially signed by Co-Head, Client Coverage, India and South Asia, Standard Chartered, and Executive Director, CII IGBC. The signing ceremony was graced by the presence of several key dignitaries.

Commenting on the collaboration, Co-Head, Client Coverage, India stated, “We are proud to partner with CII IGBC to promote sustainable finance for the development of green certified buildings. This initiative is expected to not only support sustainability but also bring long-term economic benefits through energy savings. Sustainable finance is one of the strategic priorities at Standard Chartered Bank, and we believe that the transition to a low-carbon economy presents a significant opportunity to accelerate sustainable growth globally.”

Standard Chartered, and Executive Director, CII IGBC echoed this sentiment, highlighting the MoU as a meaningful step toward a greener future. “This MoU represents a powerful collaboration between two entities committed to creating a sustainable future. Through our partnership with Standard Chartered, we aim to offer developers the tools and resources they need to build energy-efficient and environmentally friendly buildings. Together, we are not only reducing the environmental impact of the construction industry but also accelerating the growth of India’s green building sector,” he said.

Key Highlights of the MoU:

• Promoting Sustainable Finance: The partnership will enable access to Green Loans for projects certified by CII IGBC, provided they demonstrate at least 20% energy savings over baseline levels. This ensures that financed buildings uphold high standards of energy efficiency and sustainability.

• Exploring Innovative Financing Models: Standard Chartered and CII IGBC will jointly explore innovative financing mechanisms to support the evolving needs of the green building sector. This initiative is expected to unlock new opportunities for developers and further strengthen India's sustainability agenda.

This partnership marks a significant milestone in aligning the construction and finance sectors toward a common goal of environmental responsibility and sustainable development.