Tag: HSBC

HSBC plans climate tech funding push

Stuart Mitchell

HSBC have announced that it plans to make available $1bn of financing to early-stage climate tech companies around the world. The financing is expected to support start-ups to create a range of new solutions, including EV charging, battery storage, sustainable food and agriculture, and carbon removal technologies. This announcement also follows the launch of HSBC Innovation Banking1 and of HSBC Asset Management’s Climate Tech Venture Capital strategy.2 Barry O’Byrne, CEO of Global Commercial Banking at HSBC said: “Access to finance is critical for early-stage climate tech companies to create and…

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New guide helps charities make sense of modern banking

Stuart Mitchell

Demystifying modern banking for charities and not-for-profits is the aim of a new guide published by HSBC in partnership with CFG. HSBC’s ‘Modern banking guide’ has been published for charities, voluntary organisations, faith and community groups, in partnership with CFG. The guide helps organisations make informed choices about banking services in an evolving world. It covers the different types of banking services that are available to organisations, including digital payments and virtual cards. It also shares advice on security risks and fraud prevention. Caron Bradshaw OBE, CEO, CFG, comments: “HSBC’s…

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Hestia’s UK Says No More and HSBC collaborate on new economic abuse campaign

Stuart Mitchell

Hestia’s UK Says No More and HSBC UK have collaborated on a new economic abuse campaign to highlight the impact of financial abuse. HSBC UK appointed advertising agency Wunderman Thompson to produce campaign which carries the message, “When an abuser controls your finances, they control you,” raising awareness of the Safe Spaces scheme by showing the shocking link between financial and domestic abuse. The campaign is part of a wider awareness drive of the ways the bank can help people regain financial independence and take back control of their lives.…

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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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