HSBC targets up to US$1 trillion sustainable financing over next 10 yearsBusiness | 23 Feb 2021 1:12 pm
HSBC said today it will seek to help customers and communities to capture opportunities arising from the transition to a low-carbon economy.
Group Chief Executive Noel Quinn said the bank intends to build on the bank's market-leading position in sustainable finance, supporting its clients with US$750 billion to US$1 trillion of sustainable financing and investment over the next 10 years.
“We also intend to unlock new climate solutions by building one of the world’s leading climate managers – HSBC Pollination Climate Asset Management – and helping to transform sustainable infrastructure into a global asset class. These will help us achieve our ambition to align our portfolio of financed emissions to the Paris Agreement goal to achieve net zero by 2050.''