International banking group Standard Chartered announced the launch of its new Sustainable Escrow and Account Bank solution, aimed at enabling clients to embed sustainability into their cash management, by holding funds in accounts referenced against the bank’s portfolio of sustainable loans and projects.
The new offering forms the latest in a series of sustainability-focused Transaction Banking Cash solutions by Standard Chartered, including the bank’s recently launched ESG-linked cash account, which enables clients to be rewarded, through the credit balance interest rate or fee pricing, for meeting material ESG-related targets, as well as the Sustainable Account, which allows retain access to cash for day-to-day liquidity while using surplus cash to support activities contributing to the UN SDGs, Sustainable Trade Finance, designed to help clients implement more sustainable practices, and Sustainable Financial Institution Trade Loan, providing liquidity to support trade flows associated with sustainable development.
Under the new offering, Standard Chartered, as an independent escrow agent or account bank, will hold deposits and ensure that the funds are aligned with the bank’s portfolio of green and sustainable loans and projects, referenced by Standard Chartered’s Green and Sustainable Product Framework.
The new solution is available in the UK, as well as in the UAE.
Standard Chartered announced earlier this year that it achieved $982 million income generation from sustainable finance in 2024, nearing the bank’s goal of $1 billion by 2025.
Sandrine Jourdainne, Global Head, Deposits, Liquidity and Escrow Solutions, 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.”
