The world's local bank
HSBC has a long standing commitment to the environment. We manage our impact on the environment by operating as efficiently as possible and by making wise lending decisions. We also understand that we can do more. As one of the leading financial institutions, we can invest and profit from projects that advance the transition towards a low-carbon economy.
Climate change represents the single largest environmental, social and economic challenge this century and will impact HSBC's customers, employees, and shareholders. It is, therefore, a key focus of HSBC's sustainability strategy.
Managing our footprint
Environmental Targets: HSBC manages its direct environmental impacts by working to reduce energy and water use, waste and carbon dioxide emissions. This is achieved by improving the environmental performance of the Bank's operations and incorporating sustainability into purchasing decisions. See an update on environmental targets and performance for HSBC Canada and a number of other major HSBC operations.
Carbon neutral: HSBC became the world’s first major bank to become carbon neutral in 2005. The Bank continues to maintain its carbon neutrality -- meaning its worldwide operations contribute zero net carbon dioxide into the atmosphere. Read more about HSBC and Carbon Neutrality (PDF 425KB).
Managing the way we do business
Top strategists: In July 2007, HSBC appointed Lord Nicholas Stern to advise the HSBC Group Chairman on economic development and climate change and is currently developing the Climate Change Centre of Excellence.
Carbon Disclosure Project: HSBC takes part in the Carbon Disclosure Project, an initiative that facilitates dialogue between shareholders and corporations on carbon emissions and climate change. HSBC completes a yearly questionnaire that requires us to explain how we take account of climate change on our global business.
Working with world-class environmental charities
HSBC Climate Partnership: In 2007, HSBC launched the HSBC Climate Partnership -- a five-year US$100 million partnership with world-class environmental charities to tackle the threats of climate change. Through the partnership, HSBC hopes to make a real difference in addressing climate change and improving our sustainability.
