Mumbai, 11 March 2025 – Standard Chartered and Confederation of Indian Industries – The Indian Green Building Council (CII IGBC) has signed a Memorandum of Understanding (MoU) to facilitate the financing of green buildings in India. Through this initiative, both Standard Chartered and CII IGBC aim to accelerate the adoption of energy-efficient building solutions, in support of the ambition to reduce India’s overall carbon footprint.
This partnership marks a significant milestone in the pursuit of India’s environmental and energy goals, as both organizations aim to reduce the carbon footprint of the construction industry by promoting energy-efficient buildings.
The memorandum of understanding (MoU) was signed by Ankur Khurana, Co-Head, of Client Coverage, India and South Asia, Standard Chartered, and K. S. Venkatagiri, Executive Director, CII Indian Green Building Council.
Commenting on this tie-up, Ankur Khurana, Co-Head, of Client Coverage, India and South Asia, Standard Chartered, said, “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 advantages through energy savings generated by these green buildings. Sustainable finance is one of the strategic priorities at Standard Chartered Bank and we believe that transition to a low carbon economy presents a significant opportunity to accelerate sustainable growth in the world economy”.
S. Venkatagiri, Executive Director, CII Indian Green Building Council (IGBC), said, “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.”