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HSBC in Partnership with Google Cloud Finances Climate Technology Firms

February 13, 2024
Current Context: HSBC has partnered with Google Cloud to finance climate technology firms on 8th February 2024.
HSBC in Partnership with Google Cloud Finances Climate Technology Firms
  • Under the terms of the partnership, HSBC aims to provide financing to companies selected by Google to join its Google Cloud Ready-Sustainability programme.
  • These companies undergo a validation process.
  • The partnership has already resulted in a venture debt financing package from HSBC delivered to GCR-Sustainability-validated company LevelTen Energy.
  • This is part of HSBC’s ambition to deploy $1bn of financing to early-stage climate tech companies.
  • This initiative is a significant step towards supporting the growth of climate tech vendors and developing solutions for global climate change.

Question:

Q.1 Who has HSBC partnered with to finance climate technology firms?
a. Microsoft Azure
b. Amazon Web Services
c. Google Cloud
d. IBM Cloud
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