Standard Chartered Launches First Sustainable Escrow and Account Bank Solution in UAE
The newly introduced service links funds held in escrow or designated accounts directly to the bank's portfolio of eligible green and sustainable loans and projects, as outlined in its Green and Sustainable Product Framework. This allows businesses to reinforce their environmental commitments by aligning their financial flows with sustainability objectives.
Now available across the UAE — including within the Dubai International Financial Centre (DIFC) — and in the UK, the launch reflects a broader move by Standard Chartered to expand its sustainable transaction banking offerings in response to rising client demand for responsible finance tools.
Sandrine Jourdainne, Global Head of Deposits, Liquidity and Escrow Solutions at Standard Chartered, commented: 'The UAE has firmly positioned itself as a leader in sustainability, with a strong commitment to advancing the transition to a low-carbon economy. As one of the country's most established international banks, we are proud to support this vision by delivering solutions that help clients embed sustainability into their core financial activities.'
The solution underscores Standard Chartered's growing focus on impact-driven innovation, offering clients an opportunity to contribute to climate and environmental goals while maintaining robust financial operations.
News source: Emirates News Agency
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