Standard Chartered Introduces ESG-Linked Cash Account

Standard Chartered has introduced an ESG-linked Cash Account for corporate banking clients, which ties interest rates and fee pricing to the client’s environmental, social, and governance (ESG) performance. This new account incentivizes businesses to achieve challenging ESG goals by linking key performance indicators (KPIs) relevant to their operations. Mahesh Kini, Global Head of Cash Management, highlighted the bank’s commitment to supporting sustainability through this offering, which is part of a broader suite of sustainable financial solutions. Initially available in Hong Kong and Singapore, the account will expand to other markets, reinforcing Standard Chartered’s global commitment to sustainable business practices. Resources: https://esgnews.com/standard-chartered-introduces-esg-linked-cash-account/