HSBC pledges $100 billion of finance by 2025 to combat climate change

Reuters  |  LONDON 

(Reuters) - has pledged to provide $100 billion in financing and investment by 2025 to help combat climate change, the said on Monday.

said it will facilitate financial flows to help boost support for clean energy and lower carbon technologies.

"This will involve direct lending, bonds and project finance, alongside new products in asset management," an spokesman said.

Over recent years, has helped develop standards for issuers of green bonds and has issued its own 500 million euro ($580 million) green bond.

($1 = 0.8624 euros)

(Reporting by Nina Chestney; Editing by Keith Weir)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 06 2017. 15:14 IST