HSBC has announced the formation of a dedicated ‘Sustainable and Transition Finance Team’ in the Middle East, North Africa and Turkey (MENAT). The team will help institutions, corporates and individuals transition to a more sustainable economy. Gareth Thomas, HSBC’s head of global banking in MENAT and co-lead of the Sustainable and Transition Finance Team, said: “Our customers in MENAT are interested in an increasing range of sustainable finance options and the creation of our new Sustainable and Transition Finance Team is designed to specifically respond to that demand. HSBC played a key advisory role when Nebras Power bought a 49% stake in the Goldwind’s Stockyard Hill Wind Farm in Australia. Gareth Thomas, HSBC’s head of global banking in MENAT and co-lead of the Sustainable and Transition Finance Team.

Source: The North Africa Journal January 24, 2021 18:56 UTC