HSBC commits Rs 125 cr to green causes in India over next 5 years
Foreign lender HSBC on Friday committed Rs 125 crore over the next five years to support green causes like wetland conservation and energy transition projects in India. The lender said in a statement that the measures are is being taken as part of its efforts to limit the impact of climate change. Under the commitment, it has divided the works into two broad themes, including energy transition and nature-based solutions. The nature-based solutions will include projects to protect and revitalise wetlands, mangroves and forests, landscape restoration and promote sustainable agriculture, it said. Energy transition will include renewables and|or energy efficiency programmes to support the shift towards renewables and scale efficiency initiatives in sectors like healthcare, dairy cold chain and for productive energy use by communities, it added. "Sustainability for us is about long-term survival going hand in hand with conservation and community upliftment," its country chief executive
HSBC commits Rs 125 cr to green causes in India over next 5 years
Foreign lender HSBC on Friday committed Rs 125 crore over the next five years to support green causes like wetland conservation and energy transition projects in India. The lender said in a statement that the measures are is being taken as part of its efforts to limit the impact of climate change. Under the commitment, it has divided the works into two broad themes, including energy transition and nature-based solutions. The nature-based solutions will include projects to protect and revitalise wetlands, mangroves and forests, landscape restoration and promote sustainable agriculture, it said. Energy transition will include renewables and|or energy efficiency programmes to support the shift towards renewables and scale efficiency initiatives in sectors like healthcare, dairy cold chain and for productive energy use by communities, it added. "Sustainability for us is about long-term survival going hand in hand with conservation and community upliftment," its country chief executive