Improve working capital by unlocking funds caught in the supply chain, and manage incoming and outgoing cash flows more effectively organisation wide.
Credit and lending
Access our long and short-term loans designed to meet your specific funding requirements.
Exports
Gain more control over exports, improve cashflow and manage risks associated with international trade more effectively.
Guarantees
Conduct business with confidence, even where you lack established relationships.
Imports
Upon approval, access working capital to bridge the gap between settlement with suppliers and payment from buyers.
Working capital Articles
Inject capital into your supply chain, expand into new markets and improve your existing space and systems.
Credit and lending
Access our long and short-term loans designed to meet your specific funding requirements.
Exports
Gain more control over exports, improve cashflow and manage risks associated with international trade more effectively.
Guarantees
Conduct business with confidence, even where you lack established relationships.
Imports
Upon approval, access working capital to bridge the gap between settlement with suppliers and payment from buyers.
Open account
Use open account solutions to trade directly with organisations that have a good financial status and also recognise yours.
Sector Hub
Where the brightest minds make the biggest sparks
Streamline domestic and foreign payments and collections while also making the best use of cash balances. You can also manage expense effectively by consolidating company-wide spending.
Clearing and foreign currency payments
Optimise your working capital and make transactions in local and foreign currencies.
Global corporate cards
Increase control over business expenditure and manage working capital more effectively with HSBC’s suite of global corporate cards.
Global payables
Make paper-based and electronic domestic and international payments.
Global receivables
Improve the way you manage working capital by streamlining and enhancing visibility of your receivables.
Liquidity, liability and investments
Increase the efficiency of your operations by managing cash on a portfolio basis across more than 50 markets worldwide.
Consolidate balances for faster, easier access to cash and leverage idle balances to increase liquidity and support your growth strategy.
Liquidity, liability and investments
Increase the efficiency of your operations by managing cash on a portfolio basis across more than 50 markets worldwide.
Receivables finance
Improve your cash flows and enhance forecasting. If qualified, access up to 90 per cent of invoice values as soon as they are issued.
Manage counterparty risk and do business around the world confidently while managing potential fluctuations in cash flow.
Exports
Gain more control over exports, improve cashflow and manage risks associated with international trade more effectively.
Guarantees
Conduct business with confidence, even where you lack established relationships.
Imports
Upon approval, access working capital to bridge the gap between settlement with suppliers and payment from buyers.
Open account
Use open account solutions to trade directly with organisations that have a good financial status and also recognise yours.
20 January 2021
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The chemicals sector is one of the largest and most economically important industries in the world, employing 15 million people directly and over 60 million people indirectly. Chemical products are found in every aspect of modern life – in the energy systems powering our cities, in the fertilisers and pesticides used in modern agriculture, in pharmaceutical development, in construction, and in most of the consumer goods we use on a day to day basis.
There is no doubt that chemicals will remain vital for the global economy well into the future, including here in the GCC, which has seen its share of global production capacity double between 2000 and 2017 to reach 6.6%. However, what is being increasingly questioned is whether the sector can continue to operate as it has in the past. The chemicals industry has had significant adverse impacts on the environment and is a major contributor to the greenhouse emissions that are responsible for climate change. And these impacts have been felt across the entire value chain.
The chemical industry’s final energy consumption is the highest of any industrial sector; its operations cause substantial runoff of pollutants into the local environment, air and waterways; and many chemical sector products – plastics and fertilisers are two notable examples – are also causing serious environmental harm. At the global level, the sector is mobilising to address these issues, with a range of regulatory action and industry-led and initiatives to incentivise more sustainable business models.
Leading chemical companies have been making ambitious net zero targets, to align their business models to the Paris Agreement goals, and it is increasingly apparent that this will be the industry standard for the chemical sector in the near future. Actualising ambitious sustainability goals, however, poses several challenges, not least for the chemicals industry in the GCC, which has historically been subject to less onerous environmental regulatory oversight.
This HSBC EY Sustainable Transition of the Chemical Sector report lays out a multi-disciplinary approach to address these challenges, where various stakeholders including regulators and policymakers, financial institutions, consumers and others have a part to play in supporting the chemicals sector as it transitions to a low carbon future.
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