Sustainable finance

HSBC aspires to be a leader in financing, managing and shaping the transition to a low-carbon world.

From sustainability to business growth

At HSBC, sustainability means building businesses for the long term, forging growth and fostering sustainable development. We are committed to partnering with clients in the transition to a low-carbon economy for a sustainable future.

Sustainable finance

HSBC recognises the important role that finance has to play in creating sustainable growth, being named the “World’s Best Bank for Sustainable Finance” in the Euromoney Awards for Excellence 2019.

We are here to help businesses advance towards a sustainable economy by providing financing support based on integration of environmental, social and governance (ESG) criteria, to support the UN Sustainable Development Goals (SDGs) and to combat climate change.

HSBC Vietnam and Duy Tan sign the first green deal

HSBC Vietnam rolls out the first green financing for Duy Tan Plastics Recycling

HSBC Vietnam signd a green credit agreement with Duy Tan Plastics Corporation (Duy Tan) to finance the Duy Tan Plastics Recycling Factory, making it the first green loan that HSBC has arranged for a Vietnam’s company.

We are proud to work with Duy Tan to achieve a common goal of growing sustainable financing in Vietnam. As a key player in Vietnam’s plastic industry, Duy Tan has proved to be in the forefront of innovation in all they strive for. With more than a decade of collaboration, we continue our journey in bringing innovation to Vietnam and after completing the first live blockchain L/C transaction in Vietnam in 2019, today we close this green loan. We hope that Duy Tan will lead the path for Vietnamese corporates in growing green financing and sustainability for Vietnam’s economy.

Stephanie Betant, Country Head of Wholesale Banking, HSBC Vietnam

The factory, with planned capacity of up to 100,000 tons per year, is the first in Vietnam to recycle used plastic bottles into plastic raw materials for the next production of plastic bottles.

In order to achieve a green credit by HSBC, Duy Tan’s project had to go through HSBC’s strict credit approval and management process of sustainable financing controlled by HSBC Asia Pacific Sustainable Loans Committee.

At the same time, the green deal is required to meet the high standards of the international Green Loan Principles jointly issued by Loan Market Association and Asia Pacific Loan Market Association. It includes four core components: use of proceeds, project selection and evaluation, management of proceeds and reporting.

As a leading Vietnam’s brand in plastic industry, contributing to the greening of our home country by curbing plastic waste is our obligation. We hope that the new factory, with the financing of HSBC, will support us in our strategy of sustainable development and continuing bringing more long-term values to our consumers and community.

Mr. Anh Le, Head of Marketing of Duy Tan

Aligning with Vietnam government’s national strategy on green growth and the State Bank of Vietnam’s development scheme of green banking, HSBC’s green financing for Duy Tan Plastic Recycling Factory shows the long-term vision of both organisations in building Vietnam’s sustainable economy.

It is a very positive signal to showcase how Vietnamese large corporates are transforming in a more sustainable way. From 1870 when we opened our first office in Saigon, now Ho Chi Minh City, our purpose has never changed. We want to enable businesses to thrive, Vietnam’s economy to prosper and Vietnamese people to fulfil their hopes and realise their ambitions. We are proud to accompany Vietnam’s businesses in the journey of sustainable growth

Stephanie Betant, Country Head of Wholesale Banking, HSBC Vietnam

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