HSBC to asset management venture for natural capital
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.