Hang Seng Bank funds $20m green loan for low-noise equipment

The financing will support the acquisition of electric construction machinery designed to reduce noise and emissions on building sites.

Hang Seng Bank has arranged Hong Kong’s first green loan aimed specifically at noise mitigation, providing a $20m equipment loan to Wing Lee Development Construction Holdings.

The financing will support the acquisition of electric construction machinery designed to reduce noise and emissions on building sites.

The equipment covered by the loan meets the Environmental Protection Department’s Quality Powered Mechanical Equipment standards, which focus on quieter, more efficient, and environmentally friendly operations.

The machinery includes electric excavators, semi-trailer tractors, and wheel loaders intended to replace conventional diesel-powered alternatives.

The green loan has been assessed and approved through the Hong Kong Quality Assurance Agency’s updated SME Green Equipment Financing Assessment Platform, which now includes QPME standards for noise mitigation.

The announcement builds on Hang Seng’s broader sustainability strategy, which includes the $80b Sustainability Power Up Fund and programs such as the Hang Seng Carbon Academy.

These initiatives are aimed at expanding access to green financing and building industry capacity for environmental transition.