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HSBC Selected for First-Ever Federal Government Issuance of Green BondsHSBC has been selected by the Government of Canada's Department of Finance as one of two structuring advisors for its inaugural issuance of green bonds - the first of multiple milestones in advance of issuing Canada's inaugural green bond in 2021-22. HSBC was selected, along with TD Securities, to advise on the design of Canada's green bond framework, assist in the development of the on-going program, and support a successful inaugural issuance. "We are honoured to support the Government of Canada on this important step towards meeting their climate ambitions, as we have done for the inaugural sovereign green bond programs of the U.K., Poland, the Netherlands, Chile, Korea and Hong Kong," said Linda Seymour, President and CEO, HSBC Bank Canada. "We have been at the forefront of green bond issuance here in Canada since 2014, supporting provincial governments through multiple green bond issuances. This is a major milestone as we all work together to deliver Canada's recovery." In October 2020, HSBC announced an ambitious plan to prioritize financing and investment that supports the transition to a net zero global economy. We've committed to align financed emissions to the Paris Agreement goal to achieve net zero by 2050 or sooner and in our own operations and supply chain by 2030. We've been active in the green, social and sustainable bond market since its debut in Canada in 2014, and offer a suite of green and sustainable products and solutions across capital markets, commercial banking, asset management and trade finance. For example, HSBC Canada:
HSBC serves over 40 million customers globally in over 64 markets and surveys show the vast majority want to become more sustainable. We are accelerating our customers' ability to contribute to a net zero future by providing them with world-class finance solutions and expert advice. HSBC has pledged to work with customers in all sectors to develop tailored solutions to reduce emissions, taking into account the unique challenges for individual businesses, sectors, and geographies. Here in Canada, HSBC is a trusted partner to our clients in advancing their sustainability ambitions - supporting them to thrive through transition, creating durable growth and millions of jobs in vibrant, future-proofed industries. About HSBC Bank Canada HSBC Bank Canada, a subsidiary of HSBC Holdings plc, is the leading international bank in the country. We help companies and individuals across Canada to do business and manage their finances internationally through three global business lines: Commercial Banking, Global Banking and Markets, and Wealth and Personal Banking. HSBC Holdings plc, the parent company of HSBC Bank Canada, is headquartered in London. HSBC serves customers worldwide from offices in 64 countries and territories in Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of US$2,959bn at 31 March 2021, HSBC is one of the world's largest banking and financial services organizations. For more information, visit www.hsbc.ca or follow us on Twitter (News - Alert): @hsbc_ca or Facebook: @HSBCCanada
View source version on businesswire.com: https://www.businesswire.com/news/home/20210614005566/en/ |