Global: Standard Chartered Unveils UAE’s First Sustainable Escrow and Account Bank Solution

Standard Chartered has launched the UAE’s first sustainable escrow and account bank solution, reinforcing its commitment to advancing sustainable finance and meeting the growing demand for environmentally conscious banking services.

The innovative solution allows clients to align funds held in escrow or designated accounts with the bank’s portfolio of eligible green and sustainable projects, in accordance with its Green and Sustainable Product Framework. This integration enables businesses to embed sustainability directly into their cash and liquidity management strategies.

The initiative marks a milestone in the bank’s efforts to expand its sustainable transaction banking capabilities across the region. The offering is now live in the UAE, including through the Dubai International Financial Centre (DIFC), and is also available in the United Kingdom.

Commenting on the development, Sandrine Jourdainne, Global Head of Deposits, Liquidity and Escrow Solutions at Standard Chartered, stated:
“The UAE has emerged as a front-runner in sustainability, demonstrating a strong national commitment to transitioning to a low-carbon economy. As one of the country’s leading international banks, we are proud to contribute to this vision by providing clients with tools to integrate sustainability into their core financial operations.”

The launch underscores Standard Chartered’s broader strategy to accelerate sustainable finance solutions globally, while supporting clients in achieving their environmental, social, and governance (ESG) goals.