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Green award for HSBC in Singapore
22 June 2004
HSBC has been presented with the inaugural Singapore Green Plan 2012 Award by the National Environment Agency (NEA), in recognition of the bank's contribution to environmental protection and sustainability in Singapore.
"HSBC is one bank with a pro-environment conscience," said Lam Joon Khoi, Chief Executive Officer of the NEA, at the award ceremony. "The bank is a forerunner in initiating long-term environmental programmes that have benefited the community. These initiatives include the Seashore Life Programme, the Care for Nature Programme and the Heritage Trees Scheme. HSBC is also a committed partner in promoting environmental awareness among all, especially the young."
Paul Lawrence, CEO of HSBC in Singapore, said: "This award is particularly meaningful to us as sustainability is an issue that we care about deeply at HSBC, as evidenced through the conservation and education programmes we run not only in Singapore but elsewhere in the world. We look forward to continuing our efforts, and to making a tangible difference in protecting our environment."
Environmental sustainability is a key issue for HSBC as a whole. "Climate change represents the largest single environmental challenge this century," Sir John Bond, HSBC Chairman, said earlier this year. A number of initiatives will help HSBC meet this challenge. In April 2004, HSBC became a founder member of the Climate Group, an international body whose mission is to speed up the reduction of greenhouse gas emissions; and in May, the Group was named one of the top 50 companies in the Climate Leadership Index of the Carbon Disclosure Project, which evaluates companies' responses to climate change. HSBC has also issued new guidelines on doing business with the forestry industry to ensure the Group is working with its customers to achieve sustainable forestry practices.
As part of its commitment to the environment, HSBC launched Investing in Nature in February 2002, a five year US$50 million partnership with Botanic Gardens Conservation International, Earthwatch and WWF. The partnership aims to save 20,000 rare plant species from extinction, clean up three of the world's major rivers, benefiting 50 million people who depend upon them, train 200 scientists and send 2,000 HSBC staff on vital conservation research projects worldwide.
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