Hang Seng Bank has announced a substantial increase to its "Sustainability Power Up Fund," elevating the total commitment to HK$120 billion. This strategic decision reflects the robust demand observed for sustainable financing solutions, as more than two-thirds of the initial HK$80 billion fund, launched in 2024, had already been deployed by June 2025. The augmented fund is designed to bolster corporate efforts in embracing green transformations and sustainable practices across various sectors.
The allocation of the fund has primarily focused on sustainability-linked loans, which constitute nearly 70% of the disbursed capital. The remainder has been channeled into project-based green initiatives and loans supporting social responsibility, highlighting a diverse approach to sustainable investment. Regina Lee, Head of Commercial Banking at Hang Seng Bank, noted the unexpectedly high demand for green loans and a significant rise in social loans, particularly those linked to the burgeoning silver economy, underscoring evolving market trends and the critical need for expanded sustainable financing options.
To further facilitate businesses in their sustainability journeys, Hang Seng Bank has also established a dedicated "Sustainability Power Up Team." This team collaborates with nine key strategic partners to provide comprehensive environmental, social, and governance (ESG) support to their clientele. This integrated approach aims to ensure that companies not only access necessary capital but also receive expert guidance to effectively implement sustainable strategies.
This initiative by Hang Seng Bank exemplifies a forward-thinking commitment to fostering a more sustainable economic landscape. By proactively responding to market needs and enhancing its financial and advisory support for ESG initiatives, the bank is empowering businesses to contribute meaningfully to environmental protection and social welfare. Such actions are crucial in driving collective progress towards a future where economic growth and sustainability are mutually reinforcing, setting a positive example for the financial industry to champion responsible development.