At the Euromoney Awards for Excellence 2022, HSBC was selected as the Best Bank for Environmental, Social, and Governance (ESG) in Egypt.
This award joins seven others won by HSBC in the Middle East, more than any other bank in
the region. HSBC is the Middle East’s Best Investment Bank and the region’s Best Bank for Sustainable Finance for the fourth year in a row.
Since the award’s inception in 2018, HSBC has been the only bank to hold the title of Middle East’s Best Bank for Sustainable Finance. HSBC was selected Asia’s Best Bank for Sustainable Finance for the sixth consecutive year, as well as the World’s Best Bank for Trade Finance, outside of the Middle East.
“Being recognized as the Best Bank for ESG illustrates our dedication to establishing a business for the long term and developing partnerships that last,” said Todd Wilcox, Chief Executive Officer and Deputy Chairman of HSBC Egypt. ” With the UN Climate Change Conference COP27 coming to Sharm el-Sheikh in November, our goal is to work with Egypt’s government and industry as valued partners to accelerate the transition to a low-carbon future.”
“Our aspiration to be the global leader in supporting our clients’ cross-border banking needs, as well as helping lead the transition to a global net zero economy, are key pillars of HSBC’s strategy,” said Stephen Moss, HSBC Regional Chief Executive for the Middle East, North Africa, and Turkey (MENAT).” Being named the Middle East’s Best Investment Bank and Best Bank for Sustainable Finance demonstrates that we are making good progress toward our stated goal of becoming our clients’ preferred international banking partner.”
“Our unique international footprint makes us well placed to support the government of Egypt and drive greater participation of private sector towards truly sustainable projects. This comes as part of our commitment to unlocking finance solutions that can support our customers as they transition to a net zero future,” said Helmy Ghazi, Deputy Chief Executive Officer and Head of Global Banking for HSBC Egypt.
HSBC globally aims to provide up to US$1 trillion of financing and investment by 2030 to support the transition to a net zero global economy. The bank also aims to be net zero in its own operations and supply chain by 2030.