Standard Chartered unveils UAE's first sustainable escrow solution
The market-first offering allows funds held in escrow or designated accounts to be directly linked to the bank's portfolio of verified green and sustainable loans and projects, in accordance with its Green and Sustainable Product Framework.
Available across the UAE, including through the Dubai International Financial Centre (DIFC), and in the UK, the new solution marks a major step forward in sustainable transaction banking. It is designed to meet the growing demand for ESG-aligned financial tools that support the transition to a low-carbon economy.
'The UAE is leading the region in sustainability, and we are proud to support that vision with practical solutions,' said Sandrine Jourdainne, global head of deposits, Liquidity and Escrow Solutions at Standard Chartered. 'Our new offering gives clients a credible and transparent way to align their liquidity with meaningful environmental and social impact.'
Acting as an independent Escrow Agent and Account Bank, Standard Chartered will ensure client funds are earmarked against eligible ESG initiatives. This offers businesses enhanced transparency, accountability, and confidence in meeting their sustainability objectives.
The new solution adds to the bank's growing portfolio of ESG-driven services, including ESG-linked cash accounts, sustainable trade finance, and sustainable trade loans for financial institutions. The launch also reinforces Standard Chartered's ongoing commitment to supporting the UAE's climate goals and helping clients embed ESG considerations into core financial operations.
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