Standard Chartered Launches Sustainable Financial Guarantee Solution in the UAE
Standard Chartered announced the introduction of its first sustainable financial guarantee and account management solution in the UAE yesterday. This initiative allows customers to incorporate sustainability principles into their cash management strategies.
The new solution provides businesses with the opportunity to secure funds in a trust account or a bank account that is directly linked to the bank’s portfolio of qualified green and sustainable loans and projects, as outlined in the bank’s green and sustainable product framework.
Rola Abou Manneh, Chief Executive Officer of Standard Chartered in the UAE, Middle East, and Pakistan, stated, “The UAE stands out as a leader in sustainability both regionally and globally due to its clear commitment to transitioning towards a low-carbon economy. As one of the oldest international banks operating in the country, we take pride in supporting this national initiative by offering solutions that enable clients to integrate sustainability into the core of their financial operations.”