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 HSBC to improve its sustainable banking support

HSBC has partnered with the Chartered Banker Institute to better support UK businesses to navigate a transition to net zero climate targets.

The pair aim to do this by developing the knowledge and expertise in sustainability matters in the bank’s commercial banking team. As part of this, more than 500 colleagues are expected to participate in the Chartered Banker Institute’s green and sustainable finance e-learning over the next year.

 

The Chartered Banker Institute’s chief executive Simon Thompson said: “To ensure every professional financial decision includes climate change, we must ensure every finance professional develops the expertise required to manage climate risks and identify the opportunities from the transition.

 

“As the leading global voice for responsible and sustainable banking, and with an advanced curriculum of learning content and professional qualifications, the Institute is uniquely placed to support HSBC UK.”

 

It comes off the back of HSBC’s most recent navigator report, which found that 78% of UK companies believe that a greater focus on sustainability will result in a growth of sales over the next year. This is, in part, because consumers are becoming ever more attracted to doing business with firms who have clear environmental, social and governance ambitions.

 

HSBC UK’s head of commercial banking Amanda Murphy added: “Many of our business customers understand that a strong sustainability strategy is key to improving their financial position today, as well as protecting their growth aspirations in the future. We’re delighted to be working with the Chartered Banker Institute to ensure that we are best placed to support customers as they transition to net zero.”

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