Standard Chartered has launched a Sustainable Escrow and Account Bank solution for clients. The solution allows clients to hold their funds in an escrow or a secured account that is referenced against Standard Chartered’s portfolio of sustainable loans and projects, and aligned with its Green and Sustainable Product Framework(Opens in a new window). This is part of the Bank’s efforts to enable clients to embed sustainability into their cash management and support them in delivering their sustainability goals.

The solution is available in the UAE, the Dubai International Financial Centre (DIFC), and the UK.

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(Opens in a new window).

“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(Opens in a new window), sustainable account(Opens in a new window), sustainable trade finance(Opens in a new window), and sustainable trade loan for financial institutions(Opens in a new window).

For more information, visit the Bank’s sustainability webpage here: https://www.sc.com/en/about/sustainability/(Opens in a new window).