Straight2Bank
How does Sustainable Savings Account work?
Sustainable Savings Account is an account that allows you to contribute in sustainable development. Your Sustainable Balance will reference qualified green and sustainable activities funded by Standard Chartered. These activities include green financing, sustainable infrastructure projects, microfinance and access to finance for SMEs that qualify in terms of Standard Chartered’s Green and Sustainable Product Framework.
Click here for Sustainable Savings Rate
Source: Sustainable Finance Impact Report 2024
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Eligibility
TO APPLY FOR SUSTAINABLE SAVINGS ACCOUNT, YOU MUST BE:
Foreign Exchange Risk Disclosure Statement:
Foreign exchange involves risks. Fluctuation in the exchange rate of a foreign currency may result in gains or significant losses in the event that the customer converts deposit from the foreign currency to another currency (including Hong Kong Dollar).
Risk Disclosure Statement for RMB Deposit Services:
Renminbi (“RMB”) exchange rate, like any other currency, is affected by a wide range of factors and is subject to fluctuations. Such fluctuations may result in gains and losses in the event that the customer subsequently converts RMB to another currency (including Hong Kong dollars); and RMB is currently not freely convertible and conversion of RMB through banks in Hong Kong is subject to restrictions specified by the Bank and regulatory requirements applicable from time to time. The actual conversion arrangement will depend on the restrictions prevailing at the relevant time.
For Renminbi related services, please refer to RMB Products Solutions or contact our branch staff for details.
FAQ
We have mapped our existing business against the Sustainable Development Goals (SDGs) to create a Green and Sustainable Product Framework that details what we as an organisation view as sustainable activities that we finance. The framework has received industry accreditation from Sustainalytics.
This framework is reviewed independently every year to ensure that the latest developments and trends are regularly incorporated. This framework sets the basis for future sustainable products to help fund the SDGs across the Bank’s footprint markets, especially in developing markets.
The themes within our Green and Sustainable Product Framework include COVID healthcare, sanitation, food security along with others such as renewable energy, energy efficiency, access to water and water management, sustainable infrastructure, climate change adaptation, access to finance, healthcare, education and partnerships.
