Standard Chartered, a leading international banking group with a strong presence in emerging markets, has introduced a new Sustainable Escrow and Account Bank solution designed to help clients align their cash management strategies with their sustainability goals.
The launch of this product is part of Standard Chartered’s broader strategy to embed sustainability across its services and support clients in achieving their environmental, social, and governance (ESG) objectives.
The bank offers a wide range of financial services including retail, commercial, and institutional banking, with a focus on helping clients manage risks while pursuing both profitability and sustainability. It has a notable track record of developing innovative solutions in sustainable finance.
The new solution enables clients to hold funds in an escrow or secured account, which is linked to Standard Chartered’s portfolio of sustainable loans and projects. These projects are publicly referenced through the bank’s Green and Sustainable Product Framework, ensuring transparency and alignment with global sustainability standards.
Initially available in the UAE, the Dubai International Financial Centre (DIFC), and the UK, the product reinforces Standard Chartered’s role as an independent escrow agent and account bank, with a commitment to ensuring that client funds are held securely and directed toward green initiatives.
This solution joins a growing suite of sustainable offerings under the bank’s Transaction Banking business, which already includes the ESG-linked cash account, sustainable account, sustainable trade finance, and sustainable trade loan for financial institutions.
Standard Chartered global head, deposits, liquidity and escrow solutions Sandrine Jourdainne said, “Standard Chartered is committed to supporting clients in meeting both financial and sustainability goals while managing risks effectively. 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.”
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