Standard Chartered Paves the Way for Sustainable Real Estate with India’s First Listed Green NCDs
12 Nov 2025
Standard Chartered, a leading international banking group, has achieved a milestone in the Indian real estate sector by arranging the country's first listed green non-convertible debentures (NCDs) for a real estate developer. This groundbreaking initiative highlights the increasing focus on sustainable financing solutions in the industry.
The green NCDs, which have been listed on the Bombay Stock Exchange (BSE), are designed to support projects that meet stringent environmental standards. These include green buildings, renewable energy installations, and other sustainable infrastructure developments. The proceeds from these NCDs will be used to finance or refinance eligible green projects, thereby contributing to the reduction of carbon emissions and the promotion of environmental sustainability.
Standard Chartered’s role in this project demonstrates the bank’s commitment to promoting sustainable finance and supporting the transition to a low-carbon economy. The bank has been at the forefront of green financing initiatives, providing innovative solutions to help clients meet their environmental, social, and governance (ESG) goals.
According to a spokesperson from Standard Chartered, “This landmark transaction sets a new standard for the real estate sector in India. By offering green NCDs, we are not only helping developers access much-needed capital but also encouraging them to adopt more sustainable practices. This is a win-win situation for all stakeholders, including investors, developers, and the environment.”
The real estate developer, whose name has not been disclosed, is a prominent player in the Indian market, known for its commitment to sustainable development. The company has a track record of delivering high-quality projects that prioritize environmental considerations. The proceeds from the green NCDs will be used to fund several green projects, including the development of energy-efficient buildings and the installation of solar power systems.
The listing of these green NCDs on the BSE is expected to attract a wide range of investors, including institutional investors, high-net-worth individuals, and retail investors who are interested in sustainable investment opportunities. The debut of these NCDs is a significant step towards creating a more sustainable and resilient real estate sector in India.
In addition to the financial benefits, the green NCDs are expected to have a positive impact on the environment. By channeling funds into green projects, the NCDs will help reduce the carbon footprint of the real estate sector and contribute to India’s efforts to meet its climate goals. The Indian government has set ambitious targets for reducing greenhouse gas emissions and transitioning to a greener economy, and initiatives like these play a crucial role in achieving those goals.
Standard Chartered’s success in arranging the first listed green NCDs in India is a testament to the bank’s expertise in sustainable finance and its commitment to driving positive change. As the real estate sector continues to grow, the demand for sustainable financing solutions is likely to increase, and Standard Chartered is well positioned to meet this demand.
In conclusion, the listing of India’s first green NCDs by a real estate developer is a significant milestone that highlights the growing importance of sustainable finance in the real estate sector. Standard Chartered’s role in this initiative demonstrates the bank’s leadership in promoting sustainable practices and supporting the transition to a low-carbon economy. This development is expected to have a positive impact on both the environment and the real estate market in India.
