HSBC Launches Green Finance Initiatives for UK Businesses
HSBC UK has launched a portfolio of green finance initiatives, aimed at helping businesses of all sizes strengthen their sustainability. This is part of the bank’s global commitment to provide $100 billion in sustainable financing and investment by 2025.
The range of support comprises:
Green Loans Following a pilot launch to larger corporates, HSBC UK has broadened its Green Loan proposition to SMEs and mid-market companies wanting to secure loans for sustainable activities. The minimum Green Loan starts at £300,000; enabling a broad range of companies to access finance to support sustainability projects.
Green Revolving Credit Facility (RCF) The Green RCF enables companies to access funds when required, depending on sustainable cash flow needs, and is available for a minimum loan value of £1 million. Customers can adopt HSBC UK’s Green Framework to manage their green cash flows and meet the four pillars of the Green Loan Principles.
Green Hire Purchase, Lease and Asset Loan This product facilitates the financing of green assets through hire purchase, lease and asset loan.
Small to medium enterprises (SME) through to large corporates in the UK may be eligible.