Barclays launches Green BGIs to support sustainable trade

Thursday 11 February 2021 12:29 CET | News

Barclays Corporate Banking has announced the launch of a new Green Bonds Guarantees & Indemnities (BGIs) product to support sustainable trading activities, according to the official press release.

The new offering will offer support to businesses trying to reduce their environmental impact as they conduct their day-to-day activities. The Green BGI focuses on tackling the challenges that businesses face when entering into trade-related contracts. By providing a guarantee to the buyer that the seller will fulfil their contractual obligations, the bank enables sellers to trade with confidence and achieve their business goals – whilst also fulfilling their commitments to sustainability.

The bank is helping companies of all sizes and across a breadth of sectors to fulfil their green and sustainable goals by pioneering a range of innovative products and services, including Green Asset Finance, Green Deposits, Green Innovation Finance, and Green Trade Loans.

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Keywords: Barclays, green BGIs, trade finance, sustainable trade, green finance, bonds guarantees and indemnities, corporate banking
Categories: Banking & Fintech
Countries: World
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Banking & Fintech

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