HSBC has entered the US structured sustainable investment space with a first of its kind - a market linked certificate of deposit (MLCD) offering that the bank has issued in conjunction with The UN Climate Action Summit, recently held as part of last month’s United Nations Annual Meeting.

HSBC Bank USA has launched a seven-year MLCD with the proceeds raised to be directed into projects that align with the UN Sustainable Development Goals. The bank will invest client funds into projects such as building hospitals, schools, renewable power facilities, clean water efforts, LEED buildings, etc. “It seems like there is not one day where [we] don’t see someone from the asset management space talking about ESG and sustainable investing,” Vishal Desai ( pictured ), sen

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