HSBC Bank
HSBC to Phase Out Coal Financing by 2040 — Will Wall Street Follow Suit?
HSBC announces its thermal coal phase-out plan on the same day as a Sierra Club-Center for American Progress report calls out Wall Street’s outsized contribution to the climate crisis. Can the necessary sea change be made in time to avoid disaster?... View More
HSBC, WRI, WWF Partner to Scale Next-Generation Climate Solutions
The US$100M initiative builds on the organizations’ individual efforts to accelerate a shift to a net-zero global economy. ... View More
Prince Charles’ ‘Terra Carta’ Urges Business, Finance to Put Nature at Heart of 2030 Recovery Plan
Inspired by the Magna Carta, the ‘Terra Carta’ (Earth Charter) calls on CEOs from around the world to engage and play their part in leading the global transition to a low-carbon future by 2030. ... View More
225 Global Investors Team Up to Spur Most Polluting Companies Into Action on Climate Change
Climate risk poses a considerable threat to investors, who stand to lose millions If companies fail to address unsustainable elements in their supply chains. Yet despite growing pressure for action, a vast majority of companies have yet to make meani... View More
SAC's Latest Higg Module Improves Apparel Supply Chain Transparency, Reduces Audit Fatigue
The Sustainable Apparel Coalition (SAC) has released early registration of the Higg Facility Environmental Module (Higg FEM), a self-assessment tool that globally standardizes sustainability measurement for apparel, footwear and textile manufacturing... View More
EV100, EP100, RE100 Clean Energy Initiatives Continue to Grow
Corresponding with the launch of its updated Global States and Regions Annual Disclosure report in partnership with CDP and the 2017 United Nations Climate Change Conference (COP23), The Climate Group has announced new members and progress for its el... View More
HSBC Pledges $100 Billion to Tackle Climate Change
HSBC is making moves to tackle climate change, unveiling five new commitments aimed at helping drive the transition to a low-carbon economy. A major component of the financial giant’s climate push is a pledge to make $100 billion in financing avail... View More
New Apparel Institute Aims to Scale Sustainable Solutions for Fashion Industry Impacts
The launch of a new initiative designed to spur collective action around sustainability in the apparel and footwear industry is providing brands and manufacturers with the knowledge and resources necessary to select, fund and accelerate projects that... View More
Finally, Real Action from Big Banks on Deforestation
This month BNP Paribas, the world’s seventh-largest financial institution, announced a new palm oil policy that sets responsible palm oil production as a pre-condition for financing. The policy requires that companies receiving financing protect fo... View More
Carbon Pricing Leadership Coalition Calls for International Carbon Pricing System
With more than 60 governments and 1,200 businesses now pricing carbon emissions, the Carbon Pricing Leadership Coalition (CPLC) and a group of 200 organizations have issued a global call to action for the establishment of an international carbon pric... View More
Philips' Sustainability Performance Influences Interest Rate for New Revolving Credit Facility
Royal Philips (Philips), a leader in health technology, has announced an agreement with a consortium of sixteen banks for a new €1 billion Revolving Credit Facility with an interest rate that will be dependent on the company’s year-on-year sustai... View More
Over 80 Major Companies Across the UK Urge PM to Deliver on UN SDGs
In an open letter to the Prime Minister, more than 80 leading companies have united in a call on the government to demonstrate its commitment to delivering the UN Sustainable Development Goals (SDGs). ... View More
HSBC To Launch New Sustainable Finance Unit
UK banking giant HSBC has announced plans to form a new dedicated sustainable finance unit in response to rising client interest in the sector. The new unit, which will sit within the bank’s global banking and markets division, aims to act as a cen... View More
#BusinessCase: Transition to Low-Carbon Economy Can Bring Big Returns, But Many Still Lag
According to new analysis by CDP, while global corporations have begun the transition to a low-carbon economy and some are already capitalizing on the opportunities this affords, a large number still risk being left behind through lack of long-term p... View More
HSBC Catch the Drop Promotes Vitality of Water During World Water Week
Representatives from over 200 environmental organizations, government bodies and institutions, including HSBC, are converged on Stockholm from 28th August - 2nd September for World Water Week. Officials from HSBC are actively participating in session... View More
Thousands of Youth Across Canada Benefitted From HSBC's 150th Anniversary Community Fund Last Year
In 2015, HSBC Bank Canada made $7,105,337 in charitable investments to 81 registered charities, and our employees volunteered nearly 5,000 hours with charities at over 200 bank-supported events or on their own. These charities will in turn help more ... View More
