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HSBC joins RE100

Friday, 10 November 2017

The London based financial giant HSBC announced Monday this week it will give $100 billion in sustainable investments by 2025 to fight climate change. The day after, it was announced that they will furthermore join the RE100 project, becoming their 114th member, committing to source 100% of their electricity from renewable sources by 2030, with intermediate goal of 90% by 2025.

Their plan is to reach 100% renewables by signing long-term PPAs with renewable energy suppliers, and at the same time support development of new clean energy facilities.

What distinguish HSBC from some of the other m...

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