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. For 2015, our annual per employee carbon dioxide emissions were 2.97 tonnes.
We have signed agreements to increase the percentage of our electricity from new wind and solar sources to 9 per cent, and have a target of 25 per cent by 2020. This approach led to a wind farm opening in the UK in 2015.
We also made progress in our work to encourage our suppliers to operate more sustainably in 2015. We partnered with a specialist consultancy to assess more than 200 suppliers of promotional and branded items for ethical and responsible risks in their business practices, and stopped working with one as a result. We also updated our supplier code of conduct in response to new legislation on human rights. We are working with our top 300 vendors - responsible for 50 per cent of supplier spend – to raise awareness of our ethical and environmental expectations and identify risks.
Read more about our 10 environmental goals and the actions we have taken so far.
Download Sustainable Operations (3-page PDF 48KB)
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 more than 1,000 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’s values-based leadership curriculum. Participants are expected to embed sustainability into decision-making and project delivery in the businesses and functions where they work.
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 2015, certified sustainably sourced paper reached 95 per cent of all paper used. Read our Paper Sourcing Policy.
Read more environmental data for 2015 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.