HSBC commits $1bn in green investments

HSBC has pledged to commit $1 billion (£0.64bn) on green projects. The bank will invest in “high quality liquid assets” in the form of green, social and sustainability bonds. They will […]

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By Jacqueline Echevarria

HSBC has pledged to commit $1 billion (£0.64bn) on green projects.

The bank will invest in “high quality liquid assets” in the form of green, social and sustainability bonds.

They will be used to fund renewable and energy efficiency projects as well as clean transportation and climate change adaptation.

Spencer Lake, Global Head of Capital Financing said: “We are building our business for the long term and over the last 10 years HSBC has developed its approach to climate change. The bank integrates climate policy, insight and education into the Group’s global businesses and operations.

“Sustainability underpins our strategic priorities and enables us to fulfil our purpose as an international bank and this is yet another commitment to evolving our sustainable business.”