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HSBC Bank Malta p l c : Malta Foundation supports Żibel's new Seabin

04/12/2022 | 08:12am

News Release

12 April 2022

HSBC Malta Foundation supports Żibel's new Seabin

The HSBC Malta Foundation is supporting environmental non-governmental organisation

(eNGO) Żibel with a donation of more than €5,000 to purchase and install a Seabin at the

Manoel Island Marina. The Seabin will filter sea water and collect waste in a specific location where litter is known to accumulate.

The Seabin that HSBC Malta is sponsoring will be part of the Seabin Malta Project, which was started by Żibel and their partners Strand Marine in 2018. Seabins are generally placed in marinas, attached to piers or floating docks, where water easily flows through them, through which the bay will clean itself as currents circulate the surface debris. The top ten waste items filtered out by a Seabin are: foam/polystyrene residues, cigarettes, foil wrappers and packets, plastic fragments larger and smaller than 1cm, plastic bags and bottles, rope remnants, bottle caps, and paper.

Each Seabin can filter 25,000 litres of seawater per hour, or almost 220 million litres every year, and collect approximately 1.5 kilogrammes of floating debris a day, which equates to the weight of roughly 151 empty one-litre plastic bottles. Furthermore, a Seabin can collect microplastics as small as 2 mm. This unit joins an expanding network of Seabins around the island.

Simon Vaughan Johnson, Chief Executive Officer of HSBC Bank Malta and Chair of the HSBC

Malta Foundation, said: "In addition to cleaning the sea surface of debris and pollutants, a

Seabin can collect waste that is otherwise difficult to collect due to its size and which presents a threat to marine life. The sponsorship of a Seabin is very much in line with HSBC Bank

Malta's commitment to facilitating the delivery of impactful solutions that both address environmental challenges and raise awareness on sustainability and the environment."

Speaking about the Company's collaboration with Żibel, MIDI CEO Mark Portelli said: "Following our recent sponsorship for the provision of berthing facilities for Żibel's boat, we are proud to once again be collaborating with this eNGO to supply the right environment and services for the installation of a Seabin at the Manoel Island Marina. As the company which is responsible for the revitalisation of Manoel Island and Tigné Point, MIDI is extremely conscious of its environmental responsibilities and has always been at the forefront of supporting green initiatives."

Andrew Schembri, Cofounder and Chairman of Żibel, said: "We have grown significantly since we founded Żibel in 2017. While our focus on a cleaner environment and sustainable lifestyle education remained intact, we have moved beyond simple cleanups. Today, we work on many projects, one of which is the Seabin Malta Project, which is able to expand thanks to generous corporate donations such as the one we are receiving from the HSBC Malta Foundation. Since the launch of the project we have strived to work with communities in-order to install as many units as possible."

This news release is issued by

Registered Office:

HSBC Bank Malta p.l.c.

116 Archbishop Street, Valletta VLT1444 Web:www.hsbc.com.mt

Waste collected by the HSBC Malta Foundation funded Seabin.

The HSBC Malta funded Seabin is attached to the pier in the marina.

From the left to right: MIDI CEO Mark Portelli; Andrew Schembri, Cofounder and Chairman of Żibel; Simon Vaughan Johnson, Chief Executive Officer of HSBC Bank Malta and Chair of the HSBC Malta Foundation; Michele Cordina, Executive Director of HSBC Bank Malta; and Matthew Travers, Managing Director of Strand Marine.

HSBC Bank Malta p.l.c.

HSBC Bank Malta p.l.c. is a member of the HSBC Group, whose ultimate parent company is HSBC Holdings plc. HSBC Malta provides a comprehensive range of financial services which are all designed to meet the expanding requirements of its large client base of personal and corporate customers. These include Wealth and Personal Banking, Commercial Banking and Global Markets. Approved and issued by HSBC Bank Malta p.l.c, (116, Archbishop Street, Valletta VLT1444). HSBC Bank Malta is a public limited company regulated by the Malta Financial Services Authority and licensed to carry out the business of banking in terms of the Banking Act (Cap.371 of the Laws of Malta). HSBC is licenced to conduct investment services in terms of the Investment Services Act (Cap.370. of the Laws of Malta) and is enrolled as a Tied Insurance Intermediary for HSBC Life Assurance (Malta) Ltd under the Insurance Distribution Act (Cap. 487 of the Laws of Malta).

About HSBC Holdings plc

HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. HSBC serves customers worldwide from offices in 64 countries and territories in our geographical regions: Europe, Asia, North America, Latin America, the Middle East and North Africa. With assets of US$2,958bn at 31 December 2021, HSBC is one of the world's largest banking and financial services organisations.

Disclaimer

HSBC Bank Malta plc published this content on 12 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 April 2022 12:11:10 UTC.

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