(21 June 2021 – United States) HSBC United States (US) are now offering Sustainability-Linked Loans (SLLs) to US businesses which will be used to support sustainable business projects and investments.
HSBC’s SLLs are availability in a wide variety of business loans and credit facilities, and will be linked to pre-outlined sustainability performance targets. If targets are met, businesses will be able to borrow at a much lower interest rate which serves as a financial incentive for corporate’s sustainability strategy.
“We want to provide loans and access to credit in ways that meet the needs of American businesses, from financing growth and investment to support their sustainability strategy. SLLs are another example of how we are embedding sustainability into our products and services, including access to capital markets, lending, transaction banking and advisory services” commented HSBC Head of ESG and Strategic Solutions, Julie Bennett
Mercon Coffee Group have already engaged with HSBC’s SLL proposition and plan to make its supply chain as sustainable as possible.
“Approximately 125 million people worldwide depend on coffee for their livelihood, and 25 million small farmers producing 80 percent of the world’s coffee. HSBC is proud to support Mercon in its mission to support these farmers through our participation in their syndicated Sustainable-Linked financing facility” commented HSBC North America Head of Commodity Finance, Tony Nanez