HSBC USA Expands its Sustainable Finance Offering for Commercial Banking Clients

HSBC Bank USA, a part of the HSBC Group, has announced that it is offering Sustainability-Linked Loans (SLL), enabling US businesses to tie their borrowing to activities that will primarily support a more sustainable, resilient, and prosperous world. The SLLs are available in a variety of corporate loans and credit facilities, with various terms linked to pre-determined sustainability performance targets (SPTs).

In partnership with clients, HSBC structures SLLs concerning the Sustainability Linked Loan Principles, which are voluntary global guidelines set by the independent Loan Market Associations, whereby SPTs are meaningful and ambitious for organizations' business and performance verified and reported regularly. Besides, SPTs include greenhouse gas emissions reduction; renewable energy use, reduced water use, and diversity metrics like increased workforce diversity.

HSBC Group has also announced a net-zero strategy to align its provision of finance with the most renowned Paris Agreement, with a goal of providing net zero by 2050. HSBC also has launched Business Plan for the Planet, a global campaign to build further awareness of the importance of a net-zero economy and to show the world how HSBC can empower businesses to help organizations make a low-carbon transition.