HSBC among banks driving greener future economy

Initiatives like SME green loan programme, green deposit account lift sustainability efforts

HSBC Singapore head of corporate sustainability Frances Chen said the first step to demystify the concept of green financing is to help firms understand the gains from it, while HSBC Singapore chief executive Tony Cripps added that the bank's relatio
HSBC Singapore head of corporate sustainability Frances Chen (left) with HSBC Singapore chief executive Tony Cripps.ST PHOTO: CHONG JUN LIANG

With the coronavirus pandemic, attention has been drawn to the state of the planet, global warming and social issues such as inequality.

This trend is set only to increase, said HSBC Singapore chief executive Tony Cripps, with financial institutions such as banks playing a growing role in sustainability efforts and leading the way for companies to enter the future green economy.

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A version of this article appeared in the print edition of The Straits Times on November 23, 2020, with the headline 'HSBC among banks driving greener future economy'. Print Edition | Subscribe