We are purchasing renewable energy, designing and operating our buildings and data centres more efficiently and reducing waste. We have committed to cut our annual carbon emissions per employee from 3.5 tonnes in 2011 to 2.5 tonnes by 2020. By the end of 2014, our annual per employee carbon dioxide emissions had fallen to 2.92 tonnes. In 2014 we agreed new plans to source 9 per cent of our energy from renewable sources.
How we are reducing our impact
We have 10 goals to help us achieve a reduction in our environmental impact. The goals cover engagement of employees, working with suppliers, funding innovative projects, energy, waste, renewables, green buildings, data centres, travel and paper.
We have trained 847 senior managers through HSBC’s Sustainability Leadership Programme since 2009. The programme is a mix of hands-on learning and leadership development sessions and is aligned to HSBC values-based leadership curriculum. Participants are expected to embed sustainability into decision-making and project delivery in the businesses and functions where they work.
Read more about our 10 environmental goals and the actions we have taken so far.
Download the PDF
Our Supplier Code of Conduct aims to ensure that suppliers integrate sustainability into their products and services and help us meet our goals. We have included sustainability criteria in supplier contracts, and we have joint projects underway with several major suppliers to support our energy, waste, paper, renewables and travel goals.
We have an Eco-Efficiency Fund that supports projects proposed by employees to reduce our environmental footprint. Projects have included LED lighting trials, photovoltaic panel installations, organic waste composting pilots, energy management system pilots and a number of initiatives that have increased efficiency in our Group data centres. Applications are assessed on their potential to reduce carbon, provide a return on investment, and contribute to our goals.
We have a paper-sourcing policy that aims to ensure the paper we use for our own purposes meets the same standards we expect of our customers under our Forestry Policy. By the end of 2014, certified sustainably sourced paper reached 92 per cent of all paper used. Read our Paper Sourcing Policy.
Read more environmental data for 2014 in our Key Facts document.
Simpler, better, faster
Andy Maguire, Group Chief Operating Officer, HSBC, answers questions about the bank’s sustainability goals and how they fit in with its broader strategy.
Read more about our approach to operating sustainably.