BEC is the designated partner assessing the eligibility of applicants of the Hongkong and Shanghai Banking Corporation Limited's (HSBC) Green Equipment Financing scheme. We review all applications in terms of resources consumption and pollution control and advise whether these are sufficient to address the environmental challenge. Qualified applicants can enjoy interest rebates and a principal repayment moratorium when taking out a new loan for purchasing green equipment.
BEC will decide if applying companies fulfill at least one of the following environmental protection criteria:
- Reduction of energy consumption
- Reduction of water consumption
- Increased efficiency of production materials consumption
- Reduction of fuel consumption
- Elimination or reduction of noise production
- Reduction of waste production
- Elimination or reduction of air, land or water pollution
BEC's CEO Dr Andrew Thomson said: "Cleaner production is a growing imperative for running a sustainable business. I am delighted to see HSBC launch this Green Equipment Financing scheme, which will serve as atremendous incentive for business decision makers to purchase equipment that can help ensure their market survival and improve our environment. BEC is proud to support HSBC in assessing the eligibility of applications for this new sustainable development initiative and we look forward to seeing various creative ways in which businesses will approach this sustainability challenge."
For more details, click this page.