The bank is partnering with the World Resources Institute (WRI) and WWF
In Brief:
The Climate Solutions Partnership initiative that aims to unlock financial barriers for companies and projects that tackle climate change.
Half of funding targets next-generation nature-based solutions and technologies in Asia-Pacific.
The $100mn comes from HSBC's philanthropic arm.
What does this mean?
This is part of HSBC’s greater climate strategy to align its provision of finance to net zero by 2050 or sooner, in line with the Paris agreement goals. The bank expects to provide up to US$1 trillion of finance and investment by 2030 to support its customers in the net-zero transition.
