Mastercard and HSBC launch partnership to promote sustainable and inclusive communities
HSBC and Mastercard revealed a new partnership to support sustainable urban development. Through this partnership, both partners will bring their collective resources, expertise, and integrated urban development frameworks to the City Possible network with special focus on:
- How cities and their suppliers are adjusting to COVID-19 and addressing the imperative for resilience, sustainability, and inclusion.
- The expansion of the network to include more of the locations where HSBC is active and more of the business clients that provide city systems and urban services.
- Greater interaction between business clients and government entities to drive innovation and spur demand for green financing.
The partnership hinges on an approach to green financing around sustainable infrastructure projects in net zero cities across the globe.