Standard Chartered Kenya has today announced the launch of its first Sustainable Account in Africa, in response to growing momentum in the sustainable finance arena.
Aligned to Standard Chartered’s commitment to enhance access to sustainable finance, the Sustainable Account provides clients an opportunity to participate in sustainable development by having surplus cash referenced against Standard Chartered’s sustainable loans and projects.
Kenya became the first African market to adopt the new solution following its launch in the United Kingdom, the United Arab Emirates, Singapore, China and more recently, the United States.
“We understand the challenges that businesses face when it comes to executing tangible sustainable initiatives as they adapt to the need for more impactful investments. The Sustainable Account allows our customers to use their deposits as a force for good, enabling them to contribute to sustainable development while maintaining daily access to their cash,” said Makabelo Malumane, Head of Transactional Banking at Standard Chartered.