Standard Chartered Introduces ESG-Linked Cash Account

Standard Chartered has unveiled an innovative ESG-linked Cash Account, designed to reward corporate banking clients who achieve significant environmental, social, and governance (ESG) goals. This new offering ties credit balance interest rates and fee pricing directly to a client’s ESG performance, encouraging businesses to set and meet ambitious targets. The key performance indicators (KPIs) chosen for this account must be both material and relevant to the client’s business operations. These KPIs should reflect goals that are challenging when compared to external benchmarks, industry peers, or the client’s past performance. Mahesh Kini, Global Head of Cash Management at Standard Chartered, emphasized the bank’s commitment to sustainability, stating, “As companies move from ambition to execution on sustainability, banks play an important role in enabling and motivating them on this journey. The launch of our ESG-linked Cash Account is another testament to our commitment to offer our clients solutions that empower them to meet both their treasury and sustainability goals.“

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