London-headquartered Standard Chartered has launched a sustainable escrow and account bank solution that allows clients to hold their funds in an escrow or a secured account that is referenced against the bank’s portfolio of sustainable loans and projects, and aligned with its green and sustainable product framework.

The solution, which is available in the UAE and UK, is part of the bank’s efforts to enable clients to embed sustainability into their cash management and support them in delivering their sustainability goals.

The launch, the banks says, further expands its transaction banking suite of sustainable solutions, which includes the environmental, social and governance-linked cash account, sustainable account, sustainable trade finance and sustainable trade loan for financial institutions.

“Standard Chartered is committed to supporting clients in meeting both financial and sustainability goals while managing risks effectively,” adds Sandrine Jourdainne, the bank’s global head of deposits, liquidity and escrow solutions. “By offering these sustainable solutions, we’re playing our part in empowering our clients to channel their funds into projects and loans that have real-world positive impact, securely and transparently.”