HSBC and Google Cloud collaborate to support climate tech firms

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HSBC has partnered with Google Cloud to provide venture debt financing to climate technology companies.

The Google Cloud Ready – Sustainability validation program is intended for businesses that offer Google Cloud-based solutions that support customers in achieving sustainability objectives, such as lowering carbon emissions, enhancing value chain sustainability, and processing ESG data to help detect climate risks. These companies will have access to HSBC’s dedicated climate tech finance team through the new partnership in order to investigate venture debt financing options.

As a result of the agreement, HSBC has already assembled a financing package for LevelTen Energy, which offers advisors, financiers, buyers, and sellers of renewable energy transaction infrastructure.

Read More: HSBC partners Google Cloud to back climate tech firms

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

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