
Rewiring the financial system to double down on the energy transition
The hard truth is investment into the energy transition isn’t great enough; banks’ goal must be to break the pattern of underinvestment in green assets.
HSBC is one of the world’s largest banking and financial services organizations. Its global businesses serve 40 million customers worldwide through a network that covers 64 countries and territories. Its customers include individual savers and investors, some of the world’s biggest companies, governments and international organizations. It aims to connect them to opportunities and help them achieve their ambitions. The products and services HSBC offers vary widely according to customer needs.
The hard truth is investment into the energy transition isn’t great enough; banks’ goal must be to break the pattern of underinvestment in green assets.
The COVID-19 crisis revealed our capacity for ingenuity, agility and urgency. Governments must next upscale tech so that the world can reach the SDGs.