HSBC UK unveils new green HQ
Staff joining HSBC’s new UK ring-fenced bank will be based in one of the greenest buildings in Birmingham, underscoring the Group’s global commitment to reducing carbon emissions.
The new HSBC UK building is the first in Birmingham to be constructed to the standards required by the Leadership in Energy and Environmental Design (LEED) Gold accreditation – leading to reduced waste and energy consumption, and increased use of renewables. Key features of the building include:
- External glazing that is made of 25 per cent recycled materials and has a thermal coating to increase overall energy performance
- Energy-efficient LED lighting
- All timber is from sustainable sources that have been approved by the Forest Stewardship Council
- Steel that contains a minimum of 20 per cent recycled materials
HSBC has a global target to reduce its annual carbon emissions per employee from 3.5 tonnes in 2011 to 2.0 tonnes by 2020. The bank is taking a number of steps to meet this goal and reduce its impact on the environment, including reducing waste, switching to renewable power and using electricity more efficiently in its data centres.
“The creation of HSBC UK’s new head office in Birmingham provides us with a once-in-a-lifetime opportunity to build a new and better bank for our customers and people,” says Antonio Simoes, CEO of HSBC Bank plc. “It’s important that our new head office reflects our brand, culture and heritage and we have been working hard to create the right infrastructure and environment.”
The 10-storey building at 1 Centenary Square in Birmingham city centre will accommodate up to 2,500 HSBC UK staff.
HSBC UK announced the appointment of Ian Stuart as CEO UK in February 2017. This followed the announcement of Dame Clara Furse’s appointment as non-executive chairman of HSBC UK. Both appointments remain subject to regulatory approval.
HSBC UK is recruiting for roles in Retail Banking and Wealth Management and Commercial Banking, as well as a variety of support and operational teams.
The ring-fenced bank
Following the global financial crisis, regulators in the UK introduced a series of reforms across the financial services industry to protect taxpayers and the wider economy in the event of another crisis.
These reforms have affected banks with significant UK operations such as HSBC in several ways. Perhaps the most visible change is that in the UK banks need to separate, or ring-fence, retail and commercial banking businesses from their investment banking activities.
HSBC aims to have the ring-fenced structure in place by the start of 2018, well ahead of the regulator’s deadline of 1 January 2019.
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