HSBC Global Finance with Carbon Leapfrog is running a pilot programme, which sees employees utilising their specialist skills and knowledge to support NGOs. Commencing in January 2011, volunteers have been supporting numerous organisations working on low carbon solutions around the world.
Examples of this support include the BRE Pure project of which HSBC’s skills and advice helped to establish a revolving credit facility, as well as their involvement with Ham Hydro and Low Carbon Oxford North
HSBC’s approach to climate change – reducing their carbon footprint
As a leader in the financial sector when it comes to tackling climate change, HSBC’s focus is on cutting the carbon footprint per employee, so minimising the impact on the environment and creating cost savings. This will be achieved through the use of technology, economies of scale and reducing overall energy use. Other highlights of HSBC’s approach to sustainability include:
• HSBC has been a member of the Carbon Disclosure Project’s Leadership Index since 2004. This index rates companies for transparency on the management of their carbon footprint as well as their understanding of the climate risks and opportunities affecting their business.
• As a global financial institution, they recognise that the biggest impact is through their main business: providing financial services to customers. Social and environmental impacts are considered as part of assessing the risks of the projects they finance.
• The establishment of the HSBC Climate Change Centre of Excellence in 2007, which provides climate research for the financial markets. The Centre of Excellence has since been ranked top for Integrated Climate Change and for Renewable Energy research by Thomson Reuters Extel.
• Engaging employees by creating volunteering and learning opportunities. In 2010 HSBC committed nearly US$108 million to educational and environmental projects around the world and HSBC employees spent a total of 321,325 work-time hours volunteering on local projects tackling climate change.
• The establishment of the HSBC Climate Partnership programme, a five-year commitment between HSBC and four organisations – The Climate Group, Earthwatch, Smithsonian Tropical Research Institute and WWF – to reduce the impact of climate change on people, forests, freshwater and cities.
HSBC’s contribution to communities is an important part of their approach to sustainability. By partnering with the right organisations HSBC is able to make a difference in communities around the world.
“We take seriously our wider responsibility to contribute not just money but also time and resources to the communities where we operate. I believe we can make a real difference by partnering with the right organisations to bring about positive change in these communities.” Douglas Flint, Group Chairman
For more information on HSBC’s approach to sustainability, please visit www.hsbc.com
HSBC
Involvement with Carbon Leapfrog
HSBC Global Finance with Carbon Leapfrog is running a pilot programme, which sees employees utilising their specialist skills and knowledge to support NGOs. Commencing in January 2011, volunteers have been supporting numerous organisations working on low carbon solutions around the world.
Examples of this support include the BRE Pure project of which HSBC’s skills and advice helped to establish a revolving credit facility, as well as their involvement with Ham Hydro and Low Carbon Oxford North
HSBC’s approach to climate change – reducing their carbon footprint
As a leader in the financial sector when it comes to tackling climate change, HSBC’s focus is on cutting the carbon footprint per employee, so minimising the impact on the environment and creating cost savings. This will be achieved through the use of technology, economies of scale and reducing overall energy use. Other highlights of HSBC’s approach to sustainability include:
• HSBC has been a member of the Carbon Disclosure Project’s Leadership Index since 2004. This index rates companies for transparency on the management of their carbon footprint as well as their understanding of the climate risks and opportunities affecting their business.
• As a global financial institution, they recognise that the biggest impact is through their main business: providing financial services to customers. Social and environmental impacts are considered as part of assessing the risks of the projects they finance.
• The establishment of the HSBC Climate Change Centre of Excellence in 2007, which provides climate research for the financial markets. The Centre of Excellence has since been ranked top for Integrated Climate Change and for Renewable Energy research by Thomson Reuters Extel.
• Engaging employees by creating volunteering and learning opportunities. In 2010 HSBC committed nearly US$108 million to educational and environmental projects around the world and HSBC employees spent a total of 321,325 work-time hours volunteering on local projects tackling climate change.
• The establishment of the HSBC Climate Partnership programme, a five-year commitment between HSBC and four organisations – The Climate Group, Earthwatch, Smithsonian Tropical Research Institute and WWF – to reduce the impact of climate change on people, forests, freshwater and cities.
HSBC’s contribution to communities is an important part of their approach to sustainability. By partnering with the right organisations HSBC is able to make a difference in communities around the world.
“We take seriously our wider responsibility to contribute not just money but also time and resources to the communities where we operate. I believe we can make a real difference by partnering with the right organisations to bring about positive change in these communities.” Douglas Flint, Group Chairman
For more information on HSBC’s approach to sustainability, please visit www.hsbc.com