One day after the Government launched its Green Finance Strategy, banking giant HSBC has launched a new range of green finance services aimed at helping businesses of all sizes strengthen sustainability initiatives.
HSBC has launched a range of new loans and a Green Revolving Credit Facility (RCF) that are available for small to medium enterprises (SME) through to large corporates.
The Green Loans services have been launched following a trial last year and have been extended to SMEs wanting to secure loans for sustainability initiatives. The minimum green loan starts at £300,000 and HSBC UK has already provided green loans totalling £600m as part of the pilot.
HSBC UK’s head of commercial banking, Amanda Murphy, said: “With the Government committing the UK to reach net zero carbon emissions by 2050, sustainability is increasingly important for companies of all sizes.
