StanChart rolls out ESG-linked cash account in Hong Kong, SG

Clients are rewarded when they meet ESG-related targets.

Standard Chartered has launched a new ESG-linked cash account for corporate banking clients in Hong Kong and Singapore.

Clients are rewarded for meeting material environmental, social, and governance-related targets, in the form of their credit balance interest rate or fee pricing.

The ESG-linked Cash Account will be launched in Hong Kong and Singapore as pilot sites. Standard Chartered plans to roll-out to further markets in due course.

The ESG-linked Cash Account is the latest amongst Standard Chartered’s recently rolled out sustainable transaction banking solutions, such as the Sustainable Account and the Sustainable Trade Finance Proposition, and the Sustainable FInancial Institution Trade Loan.