HSBC, one of global banking’s leading lights, serves over 40 million clients across 64 nations. With its worldwide reach and a market cap of US$165bn, it is among the most influential organisations on the planet.
HSBC is now applying that influence to the climate fight. The British bank has earmarked a staggering US$1bn for burgeoning climate tech enterprises.
This initiative sees it joining forces with Google Cloud, aiming to furnish start-ups with tailored support essential for their development in the realm of climate tech.
Natalie Blyth, who spearheads Commercial Banking Sustainability at HSBC, says: “We’ve taken our partnership with Google Cloud to the next level.
“This collaboration means climate tech start-ups within Google Cloud Ready – Sustainability (GCRS) in the US and UK can now leverage HSBC’s bespoke offerings, aimed at fuelling their growth aspirations. This expansion includes venture debt and facilitating networking opportunities, alongside crafting a directory of ESG service providers to guide our clients towards achieving net zero,” adds Blyth.