02 May, 2024
HSBC is focused on helping to deliver a net zero global economy. We aim to achieve net zero in our operations and supply chain by 2030 and in our financing portfolio by 2050.
Between now and then, we are working with our clients to help them reduce their emissions and scale up low carbon solutions, as we work to reduce our own. This will be a change over time, as businesses and economies progressively move away from high-carbon activities.
We can have the biggest impact by supporting our customers on their transition to lower emissions. Since 2020, we have provided and facilitated $210.7bn of sustainable finance and investment towards our ambition of $750bn to $1tn by 2030.
HSBC website
We publish a wide range of information on our performance in relation to environmental, social and governance (ESG) issues. We provide access to our ESG reporting resources which showcase how we support our different stakeholder groups and do business in a responsible way.
We provide case studies on how we support clients on their sustainability ambitions – driving impact for their business, employees and communities. These are more than just customer experiences, from transforming water to energy to agriculture technology (AgTech), from electrifying transport to vertical farming.
In the Transition Pathways series which are designated for carbon-intensive industries, provide insight, expertise and solutions to help guide hard-to-abate sectors towards net zero. Additionally, in the “Insights” section of the HSBC Malta website, we periodically share our success stories in helping our clients in ambitious and innovative projects that make a positive difference to the environment and their ability to maintain their businesses sustainable long term.
Supporting our corporate clients in the green and sustainable space
HSBC Malta offers several products to support our corporate clients in achieving significant improvements in the green and sustainable space.
Additionally, HSBC in Malta has recently joined forces with the Malta Development Bank (MDB) on a number of products. In this respect, it is worth highlighting specifically the MDB Guarantee Facility for Loans to SMEs. The MDB Guarantee Facility for Loans to SMEs facilitates lending to smaller businesses that are viable but unable to obtain the required amount of finance from their commercial bank due to insufficient or inadequate collateral to meet the bank’s normal security requirements and / or the novelty or nature of the business venture that may fall outside the risk appetite and tolerance of commercial banks.
The MDB Guarantee Facility for Loans to SMEs is not limited to green and sustainable loans but can be certainly used in connection with them and HSBC is fully committed to support innovative business initiatives that align with the Net Zero Transition.
Other HSBC initiatives in Malta
HSBC in Malta additionally supports a number of initiatives to directly positively impact on the local environment.
Among many others, the HSBC Malta Foundation is supporting a project entitled ‘Establishing a Framework for Net Zero Buildings in Malta’. The aim of this project is to guide Malta towards achieving its climate goals by tackling the building and construction sector, with particular focus on operational carbon, i.e. the emissions of carbon dioxide and other global warming gases during the in-use operation of a building. This project provides a framework for net zero office buildings in Malta based on HSBC’s flagship net zero building in Qormi. The HSBC head office has been selected to perform building energy modelling as a case study to retrofit offices to more efficient buildings.
HSBC internationally and locally is fully committed to the net zero transition and looks forward to supporting its customers in this process. HSBC customers in Malta can contact their Relationship Manager for more information. Businesses that are not yet HSBC customers in Malta can enquire through our website.
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