Climate change
Tackling climate change will require a concerted effort between government, business and individuals. Innovation in renewable energy and clean technology is required to help reduce the world's dependence on carbon intensive fuels. Through lending, investment and insurance products and services, HSBC anticipates playing a leading role in the transition to a lower carbon economy over the long term.
The impacts of climate change can already be seen and there will be a need to invest in adaptation, particularly in the developing world. There is no question that climate change will continue to impact our customers and our own operations, which is why the issue is central to our strategy.
Key actions that HSBC has undertaken to prepare the business and our customers for the impacts of climate change include:
- The HSBC Climate Change Centre of Excellence, established in 2007, investigates the likely economic risks and opportunities of climate change for the financial markets.
- The HSBC Climate Partnership is a five year, US$100 million commitment to work with four leading climate NGOs and engage HSBC employees in understanding and taking action on carbon emissions.
- Managing our direct impact on the environment by operating as efficiently as possible and integrating environmental measures throughout our functions.
- The HSBC Global Climate Change Benchmark Index, launched in 2007 lists companies focused on developing solutions to combat the effects of climate change across many business sectors.
- The risks from climate change are being incorporated into the business systems to protect our buildings, people and operations from natural hazards.
Related case studies
Hong Kong Carbon Reduction Campaign, Asia
More than 5,000 employees from 62 companies have taken part in Hong Kong's first cross-industry climate change campaign, sponsored by HSBC.
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