The British multinational investment bank, HSBC has announced that it would provide a unique wealth management proposition for its customers that includes more than 80 environmental, social, and corporate governance (ESG) bonds.
With the new ESG bonds offering HSBC aims to show their support to individuals who intend to use green finance in their efforts to recognize the global sustainability agenda.
Generally, the ESG bond issuers use the proceeds to yield positive environmental, social and governance outcomes and contribute to environmentally friendly operations. Their social impact can be managed through relationships with employees, suppliers, customers and the communities in which their business operates as well as investing in corporate governance with quality leadership, executive pay audits, internal controls and shareholder rights.
“These debt instruments encourage investments that are based on the bond issuer’s adherence to environmental, social and governance criteria. Our customers are becoming increasingly aware of building a wealth portfolio that focuses on ESG as a prime requirement, and for their investments to support climate and sustainability agenda.”
HSBC has earlier revealed its own commitment to a sustainable future by pledging to become carbon net-zero in its operations by 2030 and support all its customers in their transition to become carbon neutral by 2050 in line with the Paris agreement.
Recently, HSBC Qatar received ‘The Asset Triple A Sustainable Investing Awards 2021’ for its efforts to support clients in their quest for change and offering services that can accelerate the transition to a more sustainable future.