KUALA LUMPUR, 20/7/2021 – HSBC has won the coveted award for ‘Best Bank for Sustainable Finance’ in Asia as part of the 2021 Euromoney Awards for Excellence. This is the fourth consecutive year in a row that HSBC has won this award. According to Euromoney, “HSBC’s strength in sustainable finance is deep rooted and hard to match. HSBC ranks first for green, social, sustainability and sustainability-linked bond issues in Apac. It’s equally strong on sustainability-linked lending. But it’s more about the sense of leadership and this manifests itself in several ways”.
HSBC is setting out an ambitious plan to prioritise financing and investment that supports the transition to a net zero global economy. At the heart of the plan is a pledge to reduce financed emissions from the bank’s portfolio of customers to net zero by 2050 or sooner, in line with the goals of the Paris Agreement. To help customers achieve this goal, HSBC has an ambition to provide between USD750 billion and USD1 trillion of finance and investment by 2030.
In Malaysia, HSBC continues to be at the forefront of developing the sustainable finance market, helping to build a thriving, resilient future for society and businesses. In recent months, the bank has partnered with organisations in the country to bring new solutions to accelerate the pace of change.