HSBC UK launches £500M Green SME Fund

HSBC UK has announced the launch of a £500m Green SME Fund as part of its commitment to support businesses of all sizes to transition and thrive in a low carbon economy. This follows HSBC’s global commitment to provide between USD750 billion and USD1 trillion of financing and investment to support its customers over the next 10 years. While the sustainable finance market has predominately focused on larger corporations, small and medium-sized enterprises are increasingly being described as the ‘new front’ in the battle against climate change. The new £500m…

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HSBC UK pledges £2m to support 30 new Stormzy Scholars at the University of Cambridge over next 3 years

A further 30 Black students are to receive a £20,000 per year scholarship to study at the University of Cambridge following a new philanthropic partnership between HSBC UK and the #Merky Foundation, the UK charity founded by British musician, Stormzy. The scholarships will fund the tuition fees and maintenance costs (equivalent of £20,000 per student each year) for 10 new students each year over the next three years, for a degree course of either three or four years’ duration. The combined support of HSBC UK, the #Merky Foundation and an…

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HSBC UK, first direct and M&S Bank are the UK’s first accredited Menopause Friendly Employers

HSBC UK, first direct and M&S Bank have been announced as the first employers in the UK to be awarded Menopause Friendly Accreditation(MFA). The accreditation recognises inclusive employers that build awareness and understanding around menopause and takes the wellbeing of their colleagues seriously. Menopausal women are the fastest-growing workplace demographic. With nearly eight in 10 active in the workforce and as many as one in four considering leaving work during their menopause, it’s a key area for employer focus.1 Accreditation is determined by an independent panel of recognised experts and…

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HSBC UK Launches Green Finance Proposition To Support UK Businesses

HSBC UK Commercial Bank is supporting British companies to meet their environmental and sustainability goals with the launch of a new green finance proposition. The new range – available for small to medium enterprises (SME) through to large corporates – includes a Green Loan, a UK industry first Green Revolving Credit Facility (RCF) and a Green Hire Purchase, Lease and Asset loan. Amanda Murphy, HSBC UK Head of Commercial Banking, said: “With the Government committing the UK to reach net zero carbon emissions by 2050, sustainability is increasingly important for…

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HSBC UK provides support for survivors of human trafficking

HSBC UK has launched a scheme to provide bank accounts for victims of human trafficking and modern slavery as they work to rebuild their lives after the trauma of trafficking, forced labour, sexual exploitation or domestic servitude. HSBC UK is working closely with a number of charities, including the Salvation Army, Kalayaan and Migrant Help, to provide Basic Bank Accounts to survivors via a tailored application process that is aligned to the National Referral Mechanism, the UK Government framework for identifying and referring potential victims and ensuring they receive appropriate…

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