In Short : HSBC has launched a new climate-focused infrastructure finance unit. This initiative aims to support sustainable projects, addressing climate change by financing green infrastructure. The new unit will focus on renewable energy, clean transportation, and other eco-friendly projects, promoting a transition to a low-carbon economy. In Detail : HSBC launches new unit led […]
HSBC Commits ₹125 crore to Green Causes in India Over Next 5 years – EQ Mag Pro
The partnership with the civil society organisations aims to deliver integrated clean energy solutions of 300 Kilowatt at healthcare facilities, covering Jharkhand, Maharashtra, West Bengal and Assam Foreign lender HSBC on Friday committed Rs 125 crore over the next five years to support green causes like wetland conservation and energy transition projects in India. The […]
HSBC, Tata, Macquarie urge govts to get more involved in green transition – EQ Mag Pro
The CEO of financial conglomerate and the world’s largest infrastructure investor Macquarie, which plans to step up green energy investments, urged governments to provide more incentives. Tata Sons is working with Macquarie on the Climate Finance Leadership Initiative in India in partnership with Bloomberg The leaders of Indian conglomerate Tata Sons, HSBC Holdings and Australia’s […]
EXCLUSIVE-Citi, HSBC, Prudential Hatch Plan For Asian Coal-Fired Closures – Sources
The novel proposal, which includes the Asian Development Bank (ADB), offers a potentially workable model and early talks with Asian governments and multilateral banks are promising, the sources told Reuters. The group plans to create public-private partnerships to buy out the plants and wind them down within 15 years, far sooner than their usual life, […]
RELEASE: HSBC Partners With WRI and WWF to Scale Next Generation Solutions to Climate Change
The US$100m global initiative aims to accelerate efforts to build a net zero global economy, forms part of HSBC’s climate strategy. LONDON : HSBC, in partnership with World Resources Institute (WRI) and WWF, today unveils their Climate Solutions Partnership to unlock barriers to finance for companies and projects that tackle climate change. The partnership’s three […]
Hydrogen Tops Canadian Investors’ Clean Energy List, HSBC Says
Hydrogen is the clean energy investment that appeals the most to Canadian asset managers, while companies prefer solar, according to a survey carried out for HSBC Holdings Plc. Interestingly, among 17 options for the reduction of greenhouse-gas emissions, the most favored by each group, hydrogen and solar, was among the least liked by the other, […]
HSBC targets net zero emissions by 2050, earmarks $1 trillion green financing
While other UK banks such as NatWest have already set similar net-zero goals, HSBC’s aim to achieve it across its huge Asia-focused client base is one of the most significant pledges made by a global lender to date LONDON: HSBC will target net zero carbon emissions across its entire customer base by 2050 at the […]
HSBC downgrades Azure Power due to uncertainty on solar PPA
“Azure’s bid for a 4 giga-watt (GW) renewable plus manufacturing plant won in October 2019 got converted into a letter of award in June 2020 but still awaits a power purchase agreement as state power distribution companies (discoms) remain financially stressed,” HSBC said. Analysts at HSBC downgraded the rating of Azure Power to ‘hold’ from […]
Moody’s lowers forecast for green bond issuance this year
Green bonds are fixed-income securities that raise capital for projects with environmental benefits, such as renewable energy or low-carbon transport LONDON: Moody’s said on Tuesday it had lowered its estimate for green bond issuance this year to $175 billion to $225 billion, down from its previous forecast of $300 billion, due to the economic effects […]
HSBC, StanChart Help Keep Coal Industry Alive, Says Greenpeace
Four British banks have provided $31.8 billion of financing to coal companies in the past three years, even as they publicly moved away from doing business with some of the fossil-fuel industry, according to Greenpeace. The environmental group said Barclays Plc, HSBC Holdings Plc, Standard Chartered Plc and Royal Bank of Scotland Group Plc provided […]