HSBC Hong Kong, Singapore’s Keppel to explore climate mitigation cooperation in Greater Bay Area and Asia
- Keppel and HSBC will partner to meet rising demand for decarbonisation solutions and sustainable infrastructure in the Greater Bay Area and Asia
- The partnership with HSBC will allow Keppel to offer tailor-made energy-as-a-service offerings and sustainable financing solutions, Singapore firm’s CEO says
The Greater Bay Area comprises Hong Kong, Macau and nine cities in China’s southern Guangdong province, and has a combined population of around 86 million.
The partnership with HSBC will allow Keppel to “tailor energy-as-a-service offerings, coupled with sustainable financing solutions, to accelerate the greening of the built environment, transportation and waste management, from Hong Kong to the Greater Bay Area and to the rest of Asia”, Keppel Infrastructure CEO Cindy Lim said.
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“Energy-as-a-service” allows electricity suppliers to provide services such as energy efficiency improvement consulting and related hardware and software installations.
The collaboration is part of HSBC’s effort to mobilise finance to help its customers reduce greenhouse gas emissions and diversify into new opportunities arising from climate mitigation, HSBC Hong Kong CEO Luanne Lim said.