At HSBC, we define sustainable finance as any form of financial service which integrates environmental, social and governance (ESG) criteria into business or investment decisions.
Sustainable finance covers both the financing and the investment activities needed to support the UN Sustainable Development Goals, and in particular focuses on combating the threat of climate change.
A rapidly changing climate represents a potent, unprecedented and irreversible threat to habitats, societies and economies around the globe. In 2015 almost 200 leaders signed the Paris Climate Agreement, committing countries to transition to a lower carbon economy and limit the global average temperature rise to 2 degrees Celsius above pre-industrial times.
An estimated USD100 trillion of investment is needed in new green infrastructure over the next 15 years to provide a 66 per cent chance of meeting this goal. We recognise the critical role finance has to play and HSBC aspires to be a leading global partner in financing, managing and shaping the transition to a low carbon world.