HSBC rolls out the UAE’s first green mortgages

HSBC rolls out the UAE’s first green mortgages

HSBC issued the first green mortgages in the UAE, joining lenders around the world that are offering sustainable finance products to align with their environmental, social and corporate governance commitments under the Paris Agreement.

The lender approved three mortgages for customers purchasing homes in The Sustainable City community in Dubai, the bank said in a statement on Sunday. The green home loans will be available for properties across the UAE if they meet sustainability criteria, the bank added.