On Air Greatest Hits Mike Reynolds | 6:30pm - 9:00pm

Islands get environmental boost from HSBC green campaign

Manx Wildlife Trust benefits from bank's 'Green Loan'

More than 3 thousand trees and 5km of hedges are set to be planted across the Isle of Man and the Channel Islands.

The environmental boost comes from a partnership between HSBC and a number of Island conservation charities. 
 
Earlier this year, the bank created a green finance campaign, which saw it make donations to the Manx Wildlife Trust every time a customer took out an ‘HSBC Green Loan’ during 2021.
 
It's lead to more than £53 thousand being donated.

The Bank also implemented plans to reduce plastic usage by using 85% recycled plastics for its credit cards and extending the life of cards from three to five years.

Not only that, HSBC reduced paper waste by enabling those applying for a mortgage to sign documents digitally and upload them electronically.
 
As a result of the campaign, almost 24,000 customers switched to e-statements, saving more than 1 million sheets of A4 paper each year.

More from Isle of Man Business