HSBC has issued a bond related to the delivery of the UN Sustainable Development Goals (SDGs). It raised USD 1 billion from the bond, which will be used to support projects that help deliver various SDG targets, ranging from investment in hospitals, schools, renewable energy infrastructure and public railways. HSBC designed a framework to align the SDG bond to the SDGs, and an independent party will provide an annual second opinion on compliance with this framework to ensure procedural compliance. The SDG bond is one of the ways HSBC is implementing its commitment of providing USD 100 billion in sustainable financing and investment by 2025.

Link to original article