HSBC to asset management venture for natural capital
Friday 04 Sep 2020
![HSBC to asset management venture for natural capital](https://www.naturebasedsolutionsinitiative.org/wp-content/uploads/2020/09/photo-1589666564459-93cdd3ab856a-e1599240005452.jpg)
The UK-based multinational bank, HSBC, is collaborating with a climate change advisory firm to create a venture which will target investments at projects which protect or enhance nature whilst generating profit. Some of these projects will likely qualify as nature-based solutions, such as sustainable forestry and regenerative agriculture. The venture is expecting to raise up to $1b for its first fund in 2021. It will help meet the rising demand of asset owners to invest in nature-positive, sustainable projects.
Read the New York Times coverage here.