Standard Chartered has introduced the UAE’s first Sustainable Escrow and Account Bank solution, enabling clients to integrate sustainability into their cash and liquidity management. The offering allows funds held in escrow or designated accounts to be linked directly to the bank’s portfolio of eligible green and sustainable loans and projects, in accordance with its Green and Sustainable Product Framework.
The launch marks a significant expansion of the bank’s sustainable transaction banking capabilities amid rising demand for impact-driven financial services. The solution is now available across the UAE, including via the Dubai International Financial Centre (DIFC), and has also been rolled out in the UK.
“This offering supports the UAE’s vision to lead in sustainability and the transition to a low-carbon economy,” said Sandrine Jourdainne, Global Head of Deposits, Liquidity and Escrow Solutions at Standard Chartered. “We are proud to provide tools that help clients embed sustainability into their financial operations in a transparent and credible way.”
As an independent Escrow Agent and/or Account Bank, Standard Chartered will ensure that deposits are held in alignment with its broader suite of sustainability-linked products. The bank will earmark funds against verified projects that meet recognised environmental and social standards, giving clients increased transparency, accountability, and ESG alignment.
The Sustainable Escrow and Account Bank solution joins a growing suite of sustainable transaction banking products offered by Standard Chartered, which includes ESG-linked cash accounts, sustainable accounts, sustainable trade finance, and sustainable trade loans for financial institutions.
The initiative underscores the bank’s ongoing commitment to support the UAE’s sustainability agenda and assist clients in their journey toward a more environmentally responsible economy.
