Standard Bank and Motus lead the way for a more sustainable auto sector

Motus is a multi-national provider of automotive mobility solutions and vehicle products and services, delivering 76 years of steady and reliable value creation. The company has a leading market presence in South Africa as well as a selected international offering in the United Kingdom, Australia, Asia and Southern and East Africa. Motus is dedicated to improving people’s lives by envisioning, innovating and creating new access to leading-edge mobility solutions.

The bank’s relationship with Motus dates back to 2022 when Standard Bank arranged a first-of-its-kind syndicated ZAR 6 billion sustainability-linked facility and a ZAR 800 million sustainability-linked working capital facility for Motus. In July of 2024, the bank jointly arranged the refinancing and upsizing of the multi-currency syndicated loan facility for Motus, to the value of GBP 150 million. The recent refinanced facility incorporates all material aspects of the Loan Market Association’s (LMA) sustainability-linked loan principles which permit the facility to be classified as a sustainability-linked loan. 

As Africa’s largest bank by assets, Standard Bank is committed to promoting sustainable growth by supporting clients with their ESG commitments, and earlier this year, the bank had reached ZAR 149 billion of its ZAR 250 billion commitment to sustainable finance by the end of 2026.

“As a bank that prides itself on taking sustainability seriously, we are proud to be partnering with Motus on financing that carries impact and meets sustainability targets which we are actively working to drive across the jurisdictions where we have a footprint,” says Anneke Lund, executive for Sustainable Finance at Standard Bank.