HSBC announced on Thursday its pledge to commit USD 1 billion to a green bond portfolio which will invest in high quality liquid assets in the form of green, social or sustainability bonds.

These bonds will be aligned with the Green Bond Principles and will be used to fund projects in sectors such as renewable energy, energy efficiency, clean transportation and climate change adaption as well as SME financing in sectors such public transport, education and healthcare.

Find the press release on HSBC's site.

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