HSBC India Framework

The HSBC India Framework is a Category I-2 sub-project under the Green Guarantee Company (GGC) programme, managed by MUFG Bank, Ltd. It aims to enhance capital deployment for clean energy initiatives in India through GGC guarantees. The framework adopts both HSBC's Environmental and Social Management System (ESMS), based on the Equator Principles, and the GGC ESMS to manage risks. While specific transactions are not yet identified, the framework establishes that the more stringent requirement will apply if differences arise between the two ESMS. The project intends to avoid transactions impacting indigenous peoples' land and livelihoods, though land acquisition under IFC Performance Standard 5 may be triggered.

• The HSBC India Framework is designed to facilitate increased capital deployment for clean energy projects in India using guarantees from the Green Guarantee Company (GGC).
• The framework utilizes a dual Environmental and Social Management System (ESMS) approach, combining HSBC's system—which is based on the Equator Principles—with the GGC ESMS; in cases of conflict, the more stringent requirement takes precedence.
• The project is categorized as Category I-2, and because specific transactions have not yet been identified, an Environmental and Social Due Diligence (ESDD) is used as the current reporting mechanism.
• The framework aims to avoid transactions that affect the livelihoods or land of indigenous peoples to avoid triggering IFC Performance Standard 7, although land acquisition under IFC Performance Standard 5 may still occur.
• Stakeholder engagement for specific transactions will be conducted in appropriate local languages, although English is the official business language for HSBC India and its expected large corporate borrowers.

APA

Green Climate Fund (2025). HSBC India Framework. https://www.greenclimate.fund/sites/default/files/document/fp197-1-mufg-india_0.pdf

Chicago

Green Climate Fund. HSBC India Framework. 2025. https://www.greenclimate.fund/sites/default/files/document/fp197-1-mufg-india_0.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=HSBC India Framework |date=5 September 2025 |url=https://www.greenclimate.fund/sites/default/files/document/fp197-1-mufg-india_0.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2025hsbc, author = {{Green Climate Fund}}, title = {{HSBC India Framework}}, institution = {Green Climate Fund}, year = {2025}, month = sep, url = {https://www.greenclimate.fund/sites/default/files/document/fp197-1-mufg-india_0.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }