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HSBC introduces 'green loans' for islanders

HSBC introduces 'green loans' for islanders

Tuesday 29 June 2021

HSBC introduces 'green loans' for islanders

HSBC in the Channel Islands and Isle of Man has introduced a new green loan initiative.

Customers can now opt to take out a new ‘HSBC Green Loan’ for environmental purchases or investments – such as buying an e-bike, upgrading to solar heating or buying an electric car.

When they do, the Bank says it will make a donation to a local environmental charity equivalent to planting five trees or 10 miles of hedgerow for every loan taken out.

Cameron Senior, Interim Head of Wealth and Personal Banking at HSBC Channel Islands and Isle of Man, said: “Our aim is to help build a net-zero global economy and to be a net-zero Bank by 2030 or sooner, and we absolutely recognise that we have a responsibility to our customers and the communities in which we operate to support sustainable banking and living.

"We are committed to helping our customers across Jersey, Guernsey and the Isle of Man on their own journey to address climate change and be more sustainable by giving them the chance to take small steps as part of their everyday banking needs. Our new Green Loan is an example of that.”

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