Standard Chartered has unveiled its Sustainable Escrow and Account Bank solution, enabling clients to integrate sustainability principles into their cash management practices and support the achievement of their environmental and social objectives.
The new service enables clients to place funds in an escrow or secured account linked to Standard Chartered’s portfolio of sustainable loans and initiatives. These are aligned with the Bank’s Green and Sustainable Product Framework, ensuring a consistent approach to responsible finance. This launch represents part of Standard Chartered’s broader commitment to helping clients advance their sustainability agendas through practical financial tools.
The offering is currently available in the UAE, the Dubai International Financial Centre (DIFC), and the United Kingdom.
As an independent Escrow Agent and/or Account Bank, Standard Chartered holds the deposits and ensures the funds are aligned with the Bank’s portfolio of green and sustainable loans and projects. This portfolio is publicly referenced in the Bank’s Green and Sustainable Product Framework.
“Standard Chartered is committed to supporting clients in meeting both financial and sustainability goals while managing risks effectively,” said Sandrine Jourdainne, Global Head, Deposits, Liquidity and Escrow Solutions. “By offering these sustainable solutions, we’re playing our part in empowering our clients to channel their funds into projects and loans that have real-world positive impact, securely and transparently.”
The launch further expands Standard Chartered’s Transaction Banking suite of sustainable solutions, which includes the ESG-linked cash account, sustainable account, sustainable trade finance, and sustainable trade loan for financial institutions.
