Standard Chartered has introduced a new Sustainable Escrow and Account Bank solution aimed at integrating sustainability into clients' cash management. This service allows clients to place their funds in an escrow or secured account linked to Standard Chartered's portfolio of sustainable loans and projects, as outlined in the bank's Green and Sustainable Product Framework.
The solution is available in the UAE, Dubai International Financial Centre (DIFC), and the UK. As an independent Escrow Agent or Account Bank, Standard Chartered ensures that deposits are aligned with its green and sustainable loan portfolio.
Sandrine Jourdainne, Global Head of Deposits, Liquidity and Escrow Solutions at Standard Chartered, stated: "Standard Chartered is committed to supporting clients in meeting both financial and sustainability goals while managing risks effectively." She added that by offering these solutions, the bank empowers clients to invest in projects with positive real-world impacts securely and transparently.
This launch adds to Standard Chartered’s existing suite of sustainable transaction banking solutions, which includes ESG-linked cash accounts, sustainable accounts, sustainable trade finance, and sustainable trade loans for financial institutions.
For more information on this initiative, visit Standard Chartered's sustainability webpage.
For further inquiries:
Alvina Neo
Rami Lawand
Standard Chartered