Sustainable Finance Enabling people, businesses and communities to thrive
We use our core business of banking to support sustainable economic growth in our markets
OUR APPROACH Making a positive impact
We work with our clients to promote sustainable finance and improve access to financial services. By providing finance responsibly and efficiently, we can have a positive impact on sustainable development in our markets, contributing to economic growth in the long term, and enabling people, businesses and communities to prosper.
SUSTAINABLE FINANCE Partnering with our clients to promote sustainable growth
We provide financial products and services to people and businesses to help drive sustainable economic growth and job creation. Our sustainability aspirations set out how we aim to promote social and economic development through our core business of banking.
In many of our markets, economic development is hampered by unreliable infrastructure. We provide financing to support the development of infrastructure across our markets. In 2019, we mobilised USD22.3 billion for infrastructure development, supported USD20 billion towards clean technology and helped our clients issue USD18.3 billion in green, social and sustainable bonds.
We're also supporting our markets in the transition to a low-carbon future, and are committed to providing and facilitating financing of renewable energy . We funded and facilitated USD24.9 billion for clean technology between 2016 and 2019, and have committed to funding and facilitating $75 billion toward infrastructure for sustainable development and renewable energy between January 2020 and December 2024.
Local and regional mid-sized companies are key drivers of economic growth and job creation in our markets. We provide these companies with the financial services they need to grow their businesses. Between 2017 and 2019, we provided USD8.9 billion to our Business Banking clients.
We want to increase access to finance by making safe, secure banking available to more people in our markets. Through our Straight2Bank Wallet service, we support financial inclusion by helping our clients to make and receive payments using mobile phones – even to people without a bank account.
Trade is essential for creating economic opportunity and jobs in our markets. We use our network and local knowledge to help facilitate commerce and support trade corridors across our footprint. One of the ways we do this is by taking supply chain financing one step further, banking the entire ecosystem of our clients, including their suppliers and buyers.
We actively collaborate with our clients, governments, regulators and communities to support impact and sustainable finance opportunities across our markets, including microfinance. We believe innovation and partnerships are essential to addressing global development challenges. In 2019, we provided USD710 million to microfinance institutions (MFIs) for onward lending. Between 2016 and 2019, we provided $2.4 billion to MFIs.
Environmental and Social risk management Managing the impact of our financing
To achieve long-term sustainable development, we must manage environmental and social risks responsibly. We work with our clients to manage these risks, and engage with governments and non-governmental organisations to mitigate the impact that stems from our financing decisions. Our approach is outlined in our environmental and social risk assessment summary and position statements.
Environmental and social risk assessment
We have a comprehensive approach to managing environmental and social risks. We actively engage with our stakeholders to mitigate the impact that stems from our financing decisions.
Our position statements
Our position statements outline the standards we encourage and expect from our clients, and are based on industry-wide benchmarks such as the International Finance Corporation and the Equator Principles. We apply these through our policies and procedures.
We work in partnership with our clients to manage environmental and social risks. In 2019, our dedicated team supported more than 1,127 clients and transactions.