Mastering a path is key to realizing the value of sustainable finance and we have identified two main drivers - new policies and access to financial architecture - that provide a reliable, creative and voluminous stream of funds to transform energy transition blueprints into reality.
We believe that only transparent and collaborative efforts between all parties involved – notably financial institutions (FI), industry, government and academia – will ensure smooth travels on the much-needed journey towards a healthier and more prosperous planet. And very importantly, energy security for all.
Creative, committed and world-leading: these best describe HSBC’s approach to sustainable finance in the Middle East and wider region. We are building our reputation as the leading bank for sustainable finance, by providing the market with sustainable loans and advisory services across the lines of business and industries. The array of products and collaborations in the Middle East, a global pioneer in the energy transition, are rapidly growing (see: Progress Report). For example, thematic investment funds known as ‘Electric Revolution’ and ‘Clean Living’ that have been developed by HSBC Private Banking are now available to HBME clients. We also have an internal sustainable finance agenda that has created two lower carbon funds that are both available in the Middle East: Global Lower Carbon Equity and Global Lower Carbon Bond. Both are registered with the UAE Federal Securities and Commodities Authority.
As we enter the largely unexplored territory of green growth, limitless potential awaits sustainable finance. Working together will enable all to safely, efficiently and innovatively break through new intellectual and geographic boundaries; a collective win-win.
HSBC is a leading global partner to the public and private sectors in the transition to a low carbon economy. We have made significant progress on our 5 global sustainable finance commitments (as part of our Sustainable Finance pillar) in 2018:
GARETH THOMAS, Regional Head of Global Banking, Middle East, North Africa and Turkey (MENAT), HSBC
HSBC Progress Report