
CLP Holdings collaborates with HSBC to promote sustainable supply chain finance programs
CLP Holdings and HSBC have signed a cooperation agreement to launch a new "Sustainable Supply Chain Finance Program," combining CLP's sustainable procurement framework with HSBC's sustainable finance solutions to support local suppliers in improving their ESG performance and promoting low-carbon transformation in the supply chain.
Through the "Sustainable Supply Chain Finance Program," CLP will use ESG assessment standards to assist participating suppliers in identifying areas for improvement while adopting sustainable practices and enhancing resilience. The program references third-party corporate sustainability ratings and sets predefined ESG performance indicators, primarily focused on calculating, reporting, and reducing carbon emissions. If suppliers meet the indicators, HSBC will offer more flexible payment arrangements at preferential rates for the materials and services they provide. The program also features a digital platform to facilitate more efficient handling of applications and documentation between suppliers and CLP, as well as ongoing tracking and reporting

