HSBC targets up to US$1 trillion sustainable financing over next 10 years

Business | 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.''

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