HSBC's Guernsey commercial banking team has supported the Guernsey Recycling Group (GRG) with a sustainably focused funding structure.
The structure will enable GRG to pursue its growth strategy in the bailiwick and beyond, including making a series of acquisitions in the waste management and recycling sector and allowing it to diversify its services and expand into different locations.
GRG, which has worked with HSBC for 10 years, is headquartered in Guernsey but has operations in Jersey, the UK and the Cayman Islands, employing more than 200 staff.
It specialises in waste management solutions for island economies, as well as the disposal of hazardous and liquid waste.
The Green Loan scheme, introduced in the Crown Dependencies by HSBC last year, offers corporate customers the opportunity to borrow money specifically to support an environmental endeavour.