Hang Seng Bank raises Sustainability Power Up Fund to $120b

About 70% of the utilisation went to sustainability-linked loans.

Hang Seng Bank has increased the size of its Sustainability Power Up Fund to $120b, citing strong corporate demand for sustainability-linked financing across Hong Kong and mainland China.

Launched in 2024 with an initial $80b, the fund has already seen over two-thirds drawn down as of June 2025. About 70% of the utilisation went to sustainability-linked loans, whilst the rest supported green projects and social-responsibility initiatives.

The bank attributed this momentum to robust policy support, including government funding schemes, new sustainability reporting standards, and a disclosure roadmap designed to accelerate the corporate green transition.

Hang Seng also reported a sharp rise in social loan demand, particularly in projects tied to the silver economy.

To further scale support, the bank launched a dedicated Sustainability Power Up Team in collaboration with nine ESG specialist partners—including Arup, CLP Power, Deloitte, and HKQAA—to offer services such as energy consulting, technical training, and ESG reporting support.