Riyadh: HSBC Saudi Arabia announced the launch of the "HSBC Global Equity Climate Change Fund," today Wednesday- the country's first environmental initiative investment fund, the bank said in an emailed statement.
The new fund will provide eligible investors with exposure to renewable energy, clean transport, sustainable water management, and climate change adaptation.
“This is a pioneering change for Saudi Arabia and offers investors the ability to support global efforts to reduce the impact of climate change,” Chief Investment Officer at HSBC Saudi Arabia, Muneera Aldossary, said.
This provides more opportunities for investors to contribute in creating a sustainable future in line with Saudi Vision 2030, she added.
"HSBC supports providing local investors with access to new investment opportunities that help transition to a low-carbon emitting and sustainable economy," she added.