HSBC Offers Sustainability-Linked Loans to US Companies
17 Junho 2021 - 7:15AM
Dow Jones News
By Dieter Holger
The U.S. arm of HSBC Holdings PLC started offering
sustainability-linked loans to its commercial banking clients,
tapping into a growing market that finances increasingly ambitious
environmental, social and governance goals at corporations.
HSBC Bank USA said late Wednesday that the terms of the loans
will be linked to pre-determined sustainability targets and
companies that meet the goals will pay lower interest. The loans
follow the Sustainability Linked Loan Principles set by the Loan
Market Associations.
Debt that supports aims such as greenhouse-gas emission cuts,
renewable-energy use, water conservation and workforce diversity
has increased as companies work to attract investors and meet
mounting regulations. Borrowers can often get sustainability-linked
loans with interest rates below the normal market.
ESG-linked loans reached close to $96.3 billion in the first
quarter of 2021, up from nearly $34.4 billion in the previous
year's first quarter, according to Dealogic.
"We want to provide loans and access to credit in ways that meet
the needs of American businesses, from financing growth and
investment to support their sustainability strategy," said Julie
Bennett, HSBC's Americas head of ESG.
Write to Dieter Holger at dieter.holger@wsj.com;
@dieterholger
(END) Dow Jones Newswires
June 17, 2021 06:05 ET (10:05 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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