PAN Group (PAN) and Standard Chartered Bank Vietnam cooperate to deploy ESG financial solutions and services at COP28Friday, December 8,2023
AsemconnectVietnam - On December 1, PAN Group (PAN code - HOSE) and Standard Chartered Bank Vietnam just announced the signing of a Memorandum of Understanding to cooperate in implementing ESG financial solutions and services within the framework of the World Climate Action Summit under COP28.
Accordingly, Standard Chartered Vietnam supports the PAN Group in accessing financial solutions and services based on environmental - social - corporate governance ("ESG") factors to meet investment needs. Invest in the Group's sustainable development projects. In addition to green credits and/or sustainable linkages, the program also provides financial support for projects such as developing cashew production lines, promoting value-added aquaculture products, and increase income for rice farmers.
This cooperation will open up opportunities for both sides. In particular, the PAN Group can expand its financial options for development projects of the Group and its subsidiaries with solutions related to ESG.
As for Standard Chartered Vietnam, through ESG financial solutions with the PAN Group, the bank can support PAN's list of green projects, contributing to promoting Vietnamese businesses to access the green financial market. , thereby contributing to the goals of sustainable development, emission reduction, and carbon neutrality that have been strongly committed by the Government.
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