The venture will leverage emerging technology to identify, evaluate and drive capital into critical conservation efforts worldwide.
Singapore, April 17, 2024 – SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, and ENGIE Factory, the startup studio of ENGIE Group, a French multinational utility company, are joining forces to invest in a venture aimed at bridging the financing gap in conservation projects through the use of carbon credits.
“Sustainability is part of our four high-conviction themes at SC Ventures — investing in conservation is not only a societal imperative but also a smart business decision,” said Alex Manson, CEO, SC Ventures.
The venture will apply emerging technology to identify and evaluate conservation projects globally, enabling investments into these projects. The venture, which is expected to launch in 2024, aims to address the planet’s pressing environmental challenges while delivering attractive returns for investors.
“The partnership with SC Ventures is an example of the power of collaboration to transform the future and drive positive change. We are looking forward to sharing our expertise in high-quality carbon credits to unlock new opportunities for investment in conservation and create meaningful impact for our planet,” said Caroline Guyot, Managing Director at ENGIE Factory.
To learn more about the upcoming venture, interested parties may register their interest here.
— ENDS —
For further information:
Chi-an Chang, PR & Comms Lead, SC Ventures
ENGIE Factory Comms, engiefactoryapac@engie.com
SC Ventures
SC Ventures is a business unit that provides a platform and catalyst for Standard Chartered to promote innovation, invest in disruptive financial technology and explore alternative business models.
For more information, please visit www.scventures.io and follow SC Ventures on LinkedIn.
Standard Chartered
We are a leading international banking group, with a presence in 53 of the world’s most dynamic markets and serving clients in a further 64. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good.
Standard Chartered PLC is listed on the London and Hong Kong stock exchanges.
For more stories and expert opinions please visit Insights at sc.com. Follow Standard Chartered on X, LinkedIn, Instagram and Facebook.
About ENGIE Factory
ENGIE Factory is a venture building studio of ENGIE Group, committed to build and invest in startups which are accelerating the energy transition. Our activities span across Asia and the Middle East, building startups from scratch, giving them access to ENGIE resources and networks to accelerate their go-to-market.
To learn more, please visit www.engiefactory.com and our LinkedIn page
About ENGIE
ENGIE is a global reference in low-carbon energy and services. With our 96,000 employees, customers, partners and stakeholders, we are committed to accelerating the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions. We rely on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers. The Group is listed on the Paris and Brussels stock exchanges (ENGI).
For more information: https://www.engie.com/
