Standard Chartered Bank's first SGD Sustainable Time Deposit for retail and private banking clients

Published on 2 December 2017
971 Views
Print

Standard Chartered Bank's first SGD Sustainable Time Deposit for retail and private banking clients

5 min read

Standard Chartered Bank (Singapore) Limited launches its first Singapore Dollar (SGD) Sustainable Time Deposit on 2 December 2020. This is the first local currency sustainable deposit product that enables retail and private banking clients to invest in a sustainable future while seeking returns on their investment.

By depositing funds in the SGD Sustainable Time Deposit, investors can access Standard Chartered Bank’s global footprint of investments and activities that help finance the United Nation's Sustainable Development Goal (SDGs). The deposits reference loans and projects that the bank has made in support of key themes such as COVID-19 healthcare, food security, renewable energy, access to water and water management and climate change adaptation.

The S$ Sustainable Time Deposit is a new addition to the suite of sustainable investing products available to clients of Standard Chartered.

In Oct 2019, Standard Chartered Bank in Singapore launched Asia’s first Sustainable Deposit in US$ to both corporate and retail clients

In Jan 2020, Standard Chartered Private Banking launched ESG Select to support clients who wish to invest in sustainable funds and bonds.

Find out more about Standard Chartered Private Banking’s sustainable investing here.
You can access more information about the Bank’s ESG Unit Trusts here.

Re-disseminated by The Asian Banker