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HSBC launches Saudi Arabia's first climate change-focused investment fund

HSBC Saudi Arabia has announced the launch of the first environmental initiative investment fund in the Gulf kingdom.

HSBC Global Equity Climate Change Fund offers investors exposure to renewable energy, clean transport, sustainable water management and climate change adaptation.

This will provide interested customers participation and direct access to investments that help reduce the impact of climate change. HSBC Saudi Arabia said its role as the first financial institution in the kingdom to offer customers access to this type of investment demonstrates its commitment to supporting sustainability objectives under the Vision 2030.