In late 2017 British multinational banking giant HSBC announced that they would back sustainable investing and financing with US$100 billion by 2025. According to the announcement, the pledge was done as a commitment to a global shift to a low-carbon economy. The company has also agreed to start using only renewable resources for electricity by the year 2030, to cut its use of coal and to be part of the leading team in shaping the future of international sustainable finance and investment.

In recent years HSBC achieved a reduction in carbon emissions and water use by 9% respectively and managed to reduce annual energy consumption by as much as 13%. The bank not only committed to the substantial financial backing to the initiative but also agreed to become a leader in the international transition to a carbon-reduced future.