HSBC’s Sustainable Finance Activity Tops $100 Billion in 2025

HSBC announced that it mobilized more than $102 billion in sustainable finance and investment in 2025, reaching a new annual record for the bank, and the first time that it has exceeded $100 billion.

The results, reported within HSBC’s recently released 2025 annual report, brings the bank’s cumulative total facilitation of sustainable finance and investment to $495.6 billion since the beginning of 2020, putting HSBC on track towards its target to facilitate between $750 billion and $1 trillion in sustainable finance and investment by 2030.

In a post announcing the results, Julian Wentzel, Group Chief Sustainability Officer at HSBC, said:

“This momentum reflects our commitment to supporting our customers’ transition by connecting them to opportunities and playing our role empowering the growth of transition ecosystems and clean energy at scale.”

While hitting a new record level, HSBC’s 2025 results indicated that growth in sustainable finance and investment activity slowed during the year, increasing by 3% from $99.2 billion in 2024, after growing by more than 18% during the prior year.

HSBC noted that underwriting activity for green, social, sustainability, and sustainability-linked bonds declined during the year, citing challenging market conditions, particularly in the second half of the year. The decline in bond underwriting, however, was offset by 12% growth in the year in on-balance sheet sustainable lending transactions, as well as by 15% in ESG and sustainable investing flows.

By type, activity focused on green use of proceeds accounted for the greatest share of facilitated  sustainable finance and investment activity in 2025, at 41%, followed by sustainability-linked financing at 22%, while social use of proceeds represented 6.8%.

HSBC also reported that its investment management unit, HSBC Asset Management, recorded significant growth in ESG and sustainable investing solutions assets in 2025, increasing by 18.5% during the year to reach $213 billion.