Saint-Gobain China recently announced that it has partnered with HSBC China to launch its first Sustainable Supply Chain Finance Solution in China, providing financing conditions linked to sustainability performance to Saint-Gobain's suppliers in mainland China.

The Sustainable Supply Chain Finance Solution refers to the introduction of sustainability indicators enhancing traditional supply chain financing services to incentivize suppliers to continuously improve their sustainability performance. Through the launched Sustainable Supply Chain Finance Solution, HSBC China provides Saint-Gobain's suppliers in mainland China with a tier-price financing solution, whereby the price of the financing depends on the supplier company's performance in sustainability.

This initiative will not only help companies reduce carbon emissions from their supply chains, but also simultaneously promote the sustainable development of their supply chain, thereby enhancing the low-carbon competitiveness of China's supply chains in the international market.