9 November 2021 – Standard Chartered announced the launch of the UAE’s first sustainable account. This new product, offered to large corporates, provides clients with the opportunity to contribute to sustainable development whilst maintaining daily access to their finances for critical liquidity management needs. Deposits in sustainable accounts are used to fund sustainable projects based on Standard Chartered’s Green and Sustainable Product Framework, which is aligned to the United Nations Sustainable Development Goals. The surplus cash will be used in addressing some of the world’s biggest long-term threats, including climate change and financial exclusion. The sustainable account has also been launched in the United Kingdom with plans to roll out in other markets during 2022.
Re-disseminate by The Asian Banker from Standard Chartered