Latest news with #GreenandSustainableProductFramework
Hi Dubai
2 days ago
- Business
- Hi Dubai
Standard Chartered Launches First Sustainable Escrow and Account Bank Solution in UAE
Standard Chartered has announced the launch of the first sustainable escrow and account bank solution in the UAE, enabling clients to integrate sustainability into their core cash management strategies. 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
Gulf Today
5 days ago
- Business
- 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
5 days ago
- Business
- 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.
