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Guernsey Recycling Group takes ‘green loan’ from HSBC

Guernsey Recycling Group takes ‘green loan’ from HSBC

Wednesday 10 November 2021

Guernsey Recycling Group takes ‘green loan’ from HSBC

Wednesday 10 November 2021

HSBC has offered the Guernsey Recycling Group a loan designed specifically for environmental endeavors.

The Green Loan scheme was launched last year and will enable the GRG to diversify its services and make acquisitions in waste management.

“GRG, with its Guernsey heritage, international aims and focus on a sustainable future, is a perfect example of the kind of organisation we set out to support with our Green Loan facility and how the financial sector can support businesses with their sustainability targets,” said Paul Smith, Country Head of Corporate and Commercial Banking.

“This is a unique and innovative loan arrangement in Guernsey and, as long-standing customers, we are delighted to be working with GRG to support their growth ambitions,” he said.

GRG operates out of Guernsey, Jersey, the UK, and the Cayman Islands and specialises in waste management.

“Sustainability is at the heart of everything we do,” said Managing Director of GRG, Mike Grime.

“Today at GRG we recycle or recover more than 95% of our waste materials, and with this additional funding we can develop our group to improve the sustainability performance of the waste we manage, keeping us in a market leading position in the years ahead.”

Pictured top: Mr Smith (right) and Mr Grime (left).

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