Making steel recycling sustainable

In 2021, HSBC Bangladesh structured the country’s second Sustainability Linked Loan for Bangladesh Steel Re-Rolling Mills Ltd. (BSRM) to drive the steel manufacturer’s sustainability agenda. The BDT 250 Crore (approximately USD29 Million) working capital facility is linked to improvements in BSRM’s energy efficiency.

“As we enter a new era of change, we have a landmark opportunity to build a more resilient and more sustainable future. HSBC has both the scale and global reach to play a leading role in guiding businesses through this transition to a low carbon economy, and we are proud to be working with BSRM in support of their own sustainability goals." said Md. Mahbub ur Rahman, CEO, HSBC Bangladesh.

“Like HSBC, we have always endeavoured to bring positive change to the industry and wider society. I am delighted to partner with HSBC Bangladesh to join this innovative and future-ready solution.” comments Alihussain Akberali, Chairman, BSRM.