Climate love review

Standard Chartered Champions Climate Resilience with Groundbreaking Adaptation Finance Deal

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Ann Nyambura

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Standard Chartered

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Standard Chartered has taken a major step in addressing the economic fallout from extreme weather events by completing its first labelled adaptation finance deal for a corporate client. The milestone transaction, done in partnership with Jinko Solar Co., Ltd. (JinkoSolar), enables the delivery of advanced solar modules that are resilient to severe weather conditions such as tornadoes, storms, and sandstorms. These Tiger Neo N-type solar modules will be deployed in regions prone to climate extremes, including Florida, the UAE, and Saudi Arabia. This project supports clean energy access while bolstering infrastructure durability in some of the most vulnerable markets.

This deal follows the launch of the “Guide for Adaptation and Resilience Finance,” developed by Standard Chartered alongside global partners such as KPMG and the United Nations Office for Disaster Risk Reduction. The guide offers a clear framework for what constitutes investable adaptation activities, mapping out more than 100 opportunities. Standard Chartered’s successful implementation of this framework in a real-world transaction highlights the growing viability of adaptation finance as a new asset class. It also demonstrates the bank's leadership in aligning financial innovation with the urgent need for climate resilience.

The economic urgency for such investment is clear. According to the International Chamber of Commerce, climate-related extreme weather has caused over \$2 trillion in global losses over the past decade. In just the last two years, the world faced \$451 billion in damages, a staggering 19% increase compared to the prior eight years. With hurricanes like Milton and Helene ravaging the U.S., and severe storms hitting the Gulf region, Standard Chartered’s support for resilient solar infrastructure is not only timely but critical in reducing future financial shocks.

Leaders from both organizations have emphasized the broader significance of this deal. Ben Hung, President of International at Standard Chartered, highlighted how the bank is leveraging its global network to build resilience into essential energy systems. Haiyun Cao, CFO of JinkoSolar, reaffirmed the company’s commitment to driving clean energy innovation that can withstand climate pressures. By turning its own adaptation finance guidance into action, Standard Chartered has positioned itself as a pioneer in sustainable finance, proving that building climate resilience is both an environmental necessity and a commercial opportunity.

https://www.sc.com/en/press-release/standard-chartered-scales-finance-for-resilient-infrastructure-as-economic-cost-of-extreme-weather-hits-over-2-trillion/



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