HSBC has further deepened its green finance capabilities for the business community with the completion of its first sustainability-linked trade finance transaction in Hong Kong. The trade facility has been arranged for Epic Group, a multinational garment manufacturing group with activities spanning across the entire garment supply chain.
The new solution provides incentives linked to agreed sustainability goals, helping more companies build sustainable supply chains. The proceeds will support Epic Group’s working capital and trade cycle, with pricing tied to its performance in greenhouse gas emissions intensity, freshwater use intensity, as well as Higg Facility Environmental Module – a system commonly used by leading garment brands to review suppliers’ sustainable capacity, HSBC said in a press release.
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