Standard Chartered Bank has extended a breakthrough Sustainability-Linked Trade Facility (SLTF) worth Rs 540 crore to Indorama India Private Limited, the bank announced on Wednesday, in a move that deepens its push to embed environmental, social, and governance (ESG) principles into corporate financing across South Asia.

The facility, structured as a sustainability-linked trade and working capital arrangement, ties its financing terms directly to Indorama India’s achievement of clearly defined Sustainability Performance Targets (SPTs) aligned with the company’s broader ESG framework. The structure is designed to financially incentivise measurable progress on sustainability, rather than treating ESG commitments as aspirational.

“We are pleased to partner with Indorama India in supporting its sustainability journey through this tailored SLTF,” said Angel Sivan, Regional Head of Transaction Banking Corporate Sales, India and South Asia, Standard Chartered. “By integrating ESG-linked targets into the deal structure, we are enabling our clients to align their growth with more responsible business practices.”

Manish Kumar Agarwal, Chief Financial Officer of Indorama India, called the deal a reflection of the company’s resolve to mainstream sustainability into its core financing activities. “This strengthens our liquidity position and reinforces our dedication to ESG principles,” he said, adding that the company intends to build on the momentum toward a broader sustainable finance agenda.

The transaction adds to a growing pipeline of sustainability-linked financing deals in India, as corporates and lenders seek to operationalise ESG commitments through binding financial mechanisms rather than voluntary pledges.

Standard Chartered, which has maintained a continuous presence in India for over 165 years, operates across Corporate and Investment Banking and Wealth and Retail Banking segments through an extensive branch network covering major cities.
Globally, the London- and Hong Kong-listed bank operates in 54 markets.