Tag: HSBC

HSBC announces net zero steps

Stuart Mitchell

HSBC Holdings plc has announced plans to continue our leadership on climate change and outlines three steps we will take to turn our net zero ambition for our portfolio of clients into business transformation across the bank. The bank’s plans will only be achieved in partnership with our clients, by financing the change to their business models and technologies in order to lower their greenhouse gas emissions. In so doing, we will then lower the financed emissions of our portfolio to help meet our Net Zero by 2050 goal. Given…

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HSBC becomes partner in Breakthrough Energy Catalyst

Stuart Mitchell

HSBC Holdings plc has announced it is investing USD100m as an anchor partner in Breakthrough Energy Catalyst, (“Catalyst”), a groundbreaking programme that leverages private-public capital to accelerate the development of clean technologies that will help achieve net-zero emissions by 2050. Catalyst is an initiative within the larger Breakthrough Energy network founded by Bill Gates, which is designed to support decarbonisation of high-carbon sectors via investments in four climate critical technologies – direct air capture, clean hydrogen, long-duration energy storage, and sustainable aviation fuel. These technologies will be crucial to the…

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HSBC commits its support to the Wimbledon Foundation to help further its COVID-19 response

Stuart Mitchell

HSBC has announced its continued support for the Wimbledon Foundation and its work to support those most affected by the COVID-19 pandemic, despite the absence of the traditional Ticket Resale Scheme at The Championships this year. HSBC has supported the Ticket Resale Scheme since 2008, matching the funds raised from resold tickets, which has supported local causes in an extensive programme of community and charitable activities administered by the Wimbledon Foundation, the official charity of The All England Lawn Tennis Club (AELTC) and The Championships. During the course of the…

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HSBC partners with WRI and WWF to scale next generation solutions to climate change

Stuart Mitchell

HSBC, in partnership with World Resources Institute (WRI) and WWF, have unveiled their Climate Solutions Partnership to unlock barriers to finance for companies and projects that tackle climate change. The partnership’s three workstreams focus on start-up firms developing carbon-cutting technologies, projects that protect and restore biodiversity, and initiatives to help transition energy growth to renewables in Asia. The partnership aims to bring emerging climate solutions to commercial viability and scale. It will do this by supporting sustainable projects that would otherwise face barriers to finance due to insufficient policy and…

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HSBC, IFC “Real Economy” Green Bond Fund Raises $538M at Final Close for Climate Action

Stuart Mitchell

HSBC Asset Management and IFC, a member of the World Bank Group, have announced the final closing of the HSBC Real Economy Green Investment Opportunity GEM Bond Fund (REGIO), boosting access to climate finance and helping further develop the market for green bonds. REGIO, the first green bond fund focused on well-diversified climate-smart investments in “real economy” issuers in emerging market countries, closed with total investor commitments of $538 million following further investment from two European investors. REGIO uses both public and private capital to build climate change-mitigation capacity in…

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