HSBC Launches 5 New Sustainable Finance Tools for Commercial and Global Banking Clients

HSBC Bank Canada announced the launch of five new sustainable finance tools for commercial and global banking clients.

Available to Canadian businesses of all sizes, Green Deposits, Green Trade Finance, Green Revolving Credit Facilities, Sustainability-Linked Loans, and Green Equipment Financing are joining HSBC’s successful Green Loans launched in 2019.

With the new suite of sustainable finance offerings HSBC has become the first bank in Canada to apply sustainable finance market principles to both trade and deposit products.

“HSBC is the first bank in Canada to make such a comprehensive suite of options available for Canadian companies to take action on sustainability,” said Alan Turner, Head of Commercial Banking for HSBC Bank Canada”.

“Much of the focus to date has been on the large corporate and institutional markets. With these new tools, support for companies to achieve their sustainability goals is no longer the preserve of big businesses. Tools are now available for small and medium-sized businesses too”, he added.

HSBC Bank Canada recently created a dedicated Sustainable Finance advisory unit. This capability allows HSBC to share practical and global knowledge on how companies can obtain support to bring their sustainability objectives to life.

“Virtually every customer today wants to talk about ESG. We know from experience small and medium-sized businesses have a difficult time justifying sustainability spending,” said Angie Hall, Head of Sustainable Finance.