Lombard Odier has created the strategy and is running it on behalf of HSBC. The offering is only open to HSBC's HNW and ultra-HNW professional clients in Asia.

HSBC Global Private Banking has launched a “global biodiversity discretionary strategy” in Asia. The bank says is the first discretionary mandate tapping into the biodiversity theme, an example of how firms are continuing to promote products linked to sustainability. Lombard Odier has built the strategy and will run it on HSBC’s behalf – an example of the sort of inter-bank collaborations that are taking place.

The strategy is a “high conviction” one, the firm said, concentrating on “quality, mid-sized firms.” It looks at eight biodiversity-related themes: biomaterials; water solutions; sustainable food systems; innovative urbanisation; sharing, repair and eco-design; distribution systems; performance materials; and waste and recycling.

Lombard Odier, which manages the strategy, is a founding member of the Natural Capital Investment Alliance. 

HSBC said the strategy will only be open to its high net worth and ultra-high net worth professional investor clients in Asia.