Standard Chartered launches first sustainable escrow, account bank solution
The new solution enables funds held in escrow or designated accounts to be directly referenced against the bank's portfolio of eligible green and sustainable loans and projects, as defined under its Green and Sustainable Product Framework.
The UAE launch marks a significant step in expanding the bank's sustainable transaction banking capabilities, in line with growing client demand for innovative, impact-driven financial solutions. The offering is now available across the UAE, including through the Dubai International Financial Centre (DIFC), as well as in the UK.
Sandrine Jourdainne, Global Head, Deposits, Liquidity and Escrow Solutions at Standard Chartered, said, '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.'
WAM
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Etihad
10 hours ago
- Al Etihad
UAE leads in sustainable investment allocation as green finance momentum builds
27 July 2025 22:39 SARA ALZAABI (ABU DHABI)Reflecting the UAE's leadership in green finance, investors in the country allocate an average of 27% of their portfolios to sustainable investments — the highest among eight global markets surveyed in a new report. This share is expected to rise to 36%, underscoring a growing shift toward impact-driven figures were based on Standard Chartered's latest Sustainable Banking Report 2025, drawn on the insights of 1,600 high-net-worth investors across eight markets, including the UAE, Hong Kong, Mainland China, India, South Korea, Taiwan, Malaysia, and Singapore. UAE investors' heightened interest in sustainability 'can also be seen through our conversations, especially with our ultra-high-net worth clients', said Bongiwe Gangeni, Head of Wealth and Retail Banking for Europe, Middle East and Africa at Standard Chartered.'We are seeing this momentum translating into actions, with many investors shifting capital to sustainable investments — a trend that is likely to continue,' Gangeni said in the report. Majority of high-net-worth investors in the country (85%) have expressed interest in sustainable investing, and 86% in transition investments, according to the survey. Across the globe, results show that interest in transition investing (87%) now surpasses that in sustainable investing (83%). The report defines transition investing as putting capital into companies — especially those in high-emission or hard-to-abate sectors such as shipping, agriculture, and steel — that are actively working to reduce their carbon footprint. This strategy not only facilitates the shift toward a low-carbon economy but also presents opportunities for sustainable long-term growth and returns.'Investors are primarily drawn to transition investments due to the potential for positive social and environmental impact (55%), followed by the prospect of improved financial returns (53%) and reflecting personal values (53%),' the report said, citing UAE data. Among the eco-themes that have captured the interest of UAE investors are green hydrogen (51%), carbon markets (48%), and carbon capture and storage (47%), it added. The sharper focus on green investments reflects the country's broader leadership in sustainable UAE has emerged among the leading countries in the global energy transition — targeting Net Zero by 2050 and aiming to reduce emissions by 47% from 2019 levels by 2035. Its financial sector has committed to mobilising $272 billion in sustainable finance by initiatives like the UAE Sustainable Finance Working Group — tasked with developing a unified taxonomy of sustainable activities — are set to provide greater clarity and structure for companies, banks, and investors alike. 'These developments are expected to further drive awareness and interest in the transition journey,' Gangeni said.
Gulf Today
3 days ago
- Gulf Today
Standard Chartered launches first sustainable escrow, account bank solution
Standard Chartered announced the launch of the first sustainable escrow and account bank solution, allowing clients to embed sustainability into their cash management strategies. The new solution enables funds held in escrow or designated accounts to be directly referenced against the bank's portfolio of eligible green and sustainable loans and projects, as defined under its Green and Sustainable Product Framework. The UAE launch marks a significant step in expanding the bank's sustainable transaction banking capabilities, in line with growing client demand for innovative, impact-driven financial solutions. The offering is now available across the UAE, including through the Dubai International Financial Centre (DIFC), as well as in the UK. Sandrine Jourdainne, Global Head, Deposits, Liquidity and Escrow Solutions at Standard Chartered, said, '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.' WAM
Khaleej Times
3 days ago
- Khaleej Times
Standard Chartered unveils UAE's first sustainable escrow solution
Standard Chartered has launched the UAE's first Sustainable Escrow and Account Bank solution, enabling businesses to align their cash deposits with sustainability goals. 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.
