Finance giant Standard Chartered unveils a fresh, eco-friendly Cash Management Solution tailored for corporate clients.
Standard Chartered, a leading international banking group, has expanded its portfolio of sustainable finance offerings with the launch of a new Sustainable Escrow and Account Bank solution. This innovative offering is now available in the UK and the UAE.
The new solution is part of Standard Chartered's commitment to sustainable finance, aiming to empower clients to channel funds into projects and loans with real-world positive impact. Under the new offering, Standard Chartered will hold deposits and ensure funds are aligned with its portfolio of green and sustainable loans and projects.
Sandrine Jourdainne, the Global Head of Deposits, Liquidity, and Escrow Solutions at Standard Chartered, highlighted the importance of the solution in embedding sustainability into clients’ cash management. She said, "Our new Sustainable Escrow and Account Bank solution is designed to help our clients manage their cash in a way that supports sustainable development."
The Sustainable Account, another offering from Standard Chartered, allows clients to maintain liquidity for daily cash needs while using surplus cash to support activities contributing to the UN SDGs. The ESG-linked cash account rewards clients for meeting material ESG-related targets.
Standard Chartered's sustainable solutions are designed to be secure and transparent, offering clients the opportunity to manage risks effectively. The bank has previously launched the Sustainable Trade Finance, a Sustainable Financial Institution Trade Loan, and the ESG-linked cash account.
These solutions, together with the new Sustainable Escrow and Account Bank solution, form a comprehensive suite aimed at embedding sustainability into clients’ cash management and trade activities. They are all aligned with Standard Chartered’s Green and Sustainable Product Framework, ensuring funds are directed towards green and social initiatives vetted under rigorous standards.
Standard Chartered is nearing its goal of generating $1 billion from sustainable finance by 2025. In 2024, the bank achieved $982 million income generation from sustainable finance. The bank remains committed to supporting clients in meeting both financial and sustainability goals.
[1] Standard Chartered’s Green and Sustainable Product Framework: https://www.standardchartered.com/content/dam/sc/documents/about-us/sustainability/standard-chartered-group-green-and-sustainable-product-framework.pdf [2] Standard Chartered’s Sustainable Account: https://www.standardchartered.com/en/products/transaction-banking/deposits-liquidity/sustainable-account.html [3] Standard Chartered’s Sustainable Trade Finance: https://www.standardchartered.com/en/products/transaction-banking/trade-finance/sustainable-trade-finance.html [4] Standard Chartered’s Sustainable Financial Institution Trade Loan: https://www.standardchartered.com/en/products/transaction-banking/trade-finance/sustainable-financial-institution-trade-loan.html
Businesses can leverage Standard Chartered's Sustainable Escrow and Account Bank solution to manage their cash in a manner that supports sustainable development, as part of the bank's mission to channel funds into projects with positive environmental impact. This endeavor aligns with Standard Chartered's goal of generating $1 billion from sustainable finance by 2025.
Standard Chartered's commitment to sustainable finance is evidenced by its range of offerings, including the Sustainable Account, which allows clients to maintain liquidity while supporting UN SDGs, and the ESG-linked cash account, which rewards clients for meeting material ESG-related targets.
