Standard Chartered launches UAE’s first Sustainable Escrow

By Vriti Gothi

Standard Chartered has launched of the UAE’s first Sustainable Escrow and Account Bank solution, to drive digital transformation and embed sustainability at the core of its transaction banking services.

This pioneering solution empowers clients to seamlessly integrate sustainability into their cash management strategies by directly linking funds held in escrow or designated accounts to the Bank’s portfolio of eligible green and sustainable loans and projects, as defined under its Green and Sustainable Product Framework.

Available across the UAE, including through the Dubai International Financial Centre (DIFC), and now live in the UK, this innovative platform responds to the growing demand from corporates and institutions for credible, impact-driven financial solutions that align with global sustainability standards.

Acting as an independent Escrow Agent and Account Bank, Standard Chartered safeguards client deposits while ensuring that funds are referenced against verified sustainable projects and initiatives meeting rigorous environmental and social criteria. This delivers enhanced transparency, accountability and alignment with clients’ ESG commitments, reinforcing trust and delivering tangible impact.

The launch builds on Standard Chartered’s growing suite of sustainable transaction banking solutions, which already includes ESG-linked cash accounts, sustainable accounts, sustainable trade finance, and sustainable trade loans for financial institutions.

Sandrine Jourdainne, Global Head, Deposits, Liquidity and Escrow Solutions, 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. Our new Sustainable Escrow and Account Bank solution provides a transparent, credible way for clients to align their liquidity with sustainable outcomes. It’s a practical example of how we are contributing to the country’s sustainability agenda while supporting businesses in achieving their long-term objectives.”

By expanding its sustainable cash management capabilities, Standard Chartered further demonstrates its strategic intent to support the UAE’s sustainability agenda and empower clients to progress on their transition to a low-carbon economy through practical, scalable, and innovative solutions.