Climate Solutions Partnership
We’ve joined up with World Resources Institute (WRI) and WWF to form a five-year philanthropic partnership to help climate solutions become commercial reality and have real-world impact.
The Climate Solutions Partnership is powered by USD100 million of philanthropic funding from HSBC and, with a network of local partners, aims to scale up climate innovation ventures, nature-based solutions and help to transition the energy sector towards renewables in Asia, by combining our resources, knowledge and insight.
Three workstreams
The Partnership is focusing its collective efforts on three global themes: climate-related innovation, nature-based solutions and energy efficiency initiatives in Asia. We see these as having the potential to make a significant impact in the mission to achieve a net zero, resilient and sustainable future.
Climate innovation
Entrepreneurs and start-ups developing cleaner technology often struggle to access the networks, financial backing and business-to-business support required for success. We will support their efforts through mentorship and connect them with organisations interested in supporting their growth.
Nature-based solutions
The actions taken toward restoring and protecting our planet’s ecosystems are crucial to reducing carbon emissions. So we are backing projects that help protect and restore biodiversity as well as enhancing human wellbeing, demonstrating how nature-based solutions can be deployed at scale.
Renewables in Asia
Projects in Bangladesh, China, India, Indonesia and Vietnam will help to shift their energy sectors towards renewables, and scale energy-efficiency initiatives in key sectors such as healthcare, textiles and apparel. As Asia accounts for almost half of global energy demand, a successful energy transition from fossil fuels to renewables in this region will have a significant impact in tackling climate change.
The Partnership in action
A nature-based solution: creating carbon sinks by planting more than 2 million trees in the UK
The National Trust, a charity and membership organisation for heritage conservation, is committed to reforesting five sites across England, Wales and Northern Ireland. The aim is to plant more than 2 million trees and create roughly 2,000 hectares of new woodland habitats, locking in 1.25m tonnes of carbon, over the next four years.
A nature-based solution: improving soil health for a more resilient US food system
The Midwest Row Crop Collaborative project is supporting farmers to drive positive environment outcomes in the Upper Mississippi River Basin through the adoption of regenerative agriculture practices to improve soil health and increase resilience in the US food system.
More on our net zero ambition
Our climate strategy
We’re focused on helping to deliver a net zero global economy by transforming ourselves and working with our customers to make their own transition.
Financing net zero
We’re working with our customers to support their transition to lower carbon emissions.
Net zero in our operations
Our ambition is to be net zero carbon emissions in our own operations and supply chain by 2030.