HSBC stands as a titan in the global banking industry. With over 40 million customers spanning 64 countries and a market capitalization exceeding $165 billion, this British bank holds significant sway in the financial world.
In a strategic move, HSBC has teamed up with technology behemoth Google to invest in climate tech startups, recognizing the potential of this emerging market.
With a commitment of an impressive $1 billion, HSBC aims to make a substantial impact not just on smaller enterprises, but also on global sustainability efforts.
Following the announcement, Natalie Blyth, Global Head of Commercial Banking Sustainability at HSBC, shared her enthusiasm about enhancing the partnership with Google Cloud.
She stated, “This collaboration allows climate tech startups involved in Google Cloud Ready – Sustainability (GCRS) in the US and UK to access HSBC’s tailored resources designed to support their growth ambitions. This initiative features venture debt, opportunities for networking, and the development of a directory of ESG service providers, all focused on guiding clients toward achieving net zero emissions.”