HSBC has pledged to provide 100 billion dollars in financing and investment by 2025 to help combat climate change, the bank said on Monday.
HSBC said it will facilitate financial flows to help boost support for clean energy and lower carbon technologies.
“This will involve direct lending, bonds and project finance alongside new products in assets management,” an HSBC spokesman said.
Over recent years, HSBC has helped develop standards for issuers of green bonds and has issued its own 500 million euro ($580 million) green bond. (Reuters/NAN)
Support PREMIUM TIMES' journalism of integrity and credibility
Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.
For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.
By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.
TEXT AD: To place an advert here . Call Willie - +2348098788999
JOIN THE CONVERSATION