HSBC, one of the world’s largest banks, plans to allocate $1 billion in financing to support climate-tech start-ups. The funding will benefit companies in sectors like EV charging, battery storage, sustainable food, agriculture, and carbon removal technologies. HSBC’s investment demonstrates its commitment to the climate-tech sector and aims to accelerate the development and deployment of solutions. In addition to financing, HSBC offers support services and expertise to these companies, while also investing $100 million in Breakthrough Energy Catalyst. This initiative will help transition to cleaner energy sources and promote a net-zero economy.
Resource: https://esgnews.com/hsbc-to-allocate-1-billion-in-funding-to-support-climate-tech-startups/