HSBC invested USD117 million in community programmes to support education and the environment last year. The HSBC Sustainability Report 2013, published on 23 May, outlines how this investment is changing lives across the world. For example:
- The HSBC Water Programme has supported WaterAid to provide sanitation to more than 500,000 people in Asia and East Africa since 2012
- In its first six months, a new partnership between HSBC and four UK charities helped 3,000 young people to secure a place in education, training or work
It’s only when our people are truly engaged in sustainability and understand the imperative to act that change really happens
Group Chief Operating Officer, HSBC
In his foreword to the report, HSBC Group Chairman Douglas Flint said that the financial system must have sustainability at its core, working “in a way that contributes to the long-term sustainable health and growth of the economies in which we live”. He welcomed the progress made by HSBC over the past year but remained committed to further action “to embed sustainability in all its forms into business practices and values”.
HSBC has continued to embed sustainability into its risk processes and development of new business. For example, in 2013 HSBC engaged with stakeholders on its forestry policy, and issued a revised policy in early 2014.
HSBC also reduced its energy use by 7 per cent in 2013, lowered carbon emissions and cut the amount of paper used in its offices. More than 250 senior managers undertook sustainability leadership training to help them identify and promote more efficient ways of working. Sean O’Sullivan, Group Chief Operating Officer, HSBC, said: “It’s only when our people are truly engaged in sustainability and understand the imperative to act that change really happens.”
Read the full HSBC Sustainability Report 2013