HSBC named Asia’s Best Bank for sustainable finance

KUALA LUMPUR, July 24: HSBC was named Asia’s Best Bank for Sustainable Finance at the recent Euromoney Awards for Excellence 2018 in Hong Kong.

 

Greater China HSBC Chief Executive Helen Wong said among the landmark deals that helped HSBC clinched this inaugural award were its first Belt and Road climate bond, a triple-tranche deal from Industrial and Commercial Bank of China, and a US$1 billion (US$1 = RM4.06) Sustainable Development Goals bond as well as the first sovereign green sukuk, a US$1.25 billion print from Indonesia.

 

“We are proud to be recognised as Asia’s Best Bank for Sustainable Finance which shows HSBC at the forefront of financing the transition to a low carbon economy, a strategic priority for us as we accelerate growth in the region,” she said in a statement today.

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