Hang Seng Bank has arranged Hong Kong’s first green loan dedicated to noise mitigation, providing a US$20 million equipment loan to Wing Lee Development Construction Holdings. The loan will fund the purchase of electric construction machinery aimed at reducing both noise pollution and carbon emissions on building sites.
The machinery—comprising electric excavators, semi-trailer tractors, and wheel loaders—meets the Environmental Protection Department’s Quality Powered Mechanical Equipment (QPME) standards, which promote quieter and more environmentally sustainable operations.
The green loan was reviewed and approved through the Hong Kong Quality Assurance Agency’s updated SME Green Equipment Financing Assessment Platform, which now incorporates QPME criteria for noise reduction.
This development forms part of Hang Seng Bank’s broader sustainability agenda, which includes its HK$80 billion Sustainability Power Up Fund and the Hang Seng Carbon Academy. These programmes aim to improve access to green financing and strengthen industry capacity to support environmental goals.
