StanChart Singapore rolls out first ESG-linked cash account for a local company
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Standard Chartered Singapore has launched its first ESG-linked cash account for ST Telemedia Global Data Centres (STT GDC). This account ties enhanced interest rates to STT GDC's ESG performance indicators and sustainability targets, rewarding progress in achieving these objectives. The initiative aims to integrate sustainability into treasury management for clients in Singapore and ASEAN. Chow Wan Thonh from StanChart emphasized the importance of data centres in supporting digital infrastructure and sustainability efforts. STT GDC, backed by Temasek, has a significant presence with 2.3 gigawatts of IT capacity across 100+ data centres.
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