Clients can now hold funds in escrow or secured accounts tied to Standard Chartered’s Sustainable Finance asset base, ensuring alignment with green and social investment objectives.
Funds deposited under the new solution are governed by the bank’s Green and Sustainable Product Framework, ensuring traceability, transparency, and sustainability compliance.
The solution enables clients to integrate sustainability into cash management while contributing to real-world ESG impact through vetted green and sustainable projects.
Standard Chartered has launched a Sustainable Escrow and Account Bank solution, expanding its suite of sustainable finance offerings and enabling clients to channel their funds into environmentally and socially responsible initiatives.
This new solution allows clients to deposit funds into escrow or secured accounts that are referenced against Standard Chartered’s sustainable finance asset base. These assets, which include green and sustainable loans and projects, are vetted and governed under the bank’s publicly available Green and Sustainable Product Framework. The framework, developed in partnership with Sustainalytics, defines what the bank considers to be green, social, or sustainable activities, and ensures that all qualifying transactions meet rigorous eligibility, transparency, and verification standards.
The product is now available across the United Arab Emirates, the Dubai International Financial Centre (DIFC), and the United Kingdom.
“Standard Chartered is committed to supporting clients in meeting both financial and sustainability goals while managing risks effectively,” said Sandrine Jourdainne, Global Head of 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.”
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As an independent escrow agent and account bank, Standard Chartered ensures deposited funds are not only safeguarded but also aligned with the institution’s sustainable finance priorities. These include renewable energy, energy efficiency, sustainable infrastructure, clean transportation, and social projects that advance the UN Sustainable Development Goals.
This launch is part of the bank’s broader commitment to embed sustainability into financial infrastructure and help close the significant financing gap—estimated at $4 trillion annually—in achieving global sustainable development targets. From January 2021 to June 2024, Standard Chartered mobilised $105 billion toward sustainable finance, with a target of $300 billion by 2030.
The new escrow and account solution further empowers corporate and institutional clients to integrate ESG principles directly into their treasury and transaction banking strategies—delivering on both purpose and performance.
Read the Green and Sustainable Product Framework 2024.
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