HSBC Bank
HSBC to Phase Out Coal Financing by 2040 — Will Wall Street Follow Suit?
1 year ago - 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?
HSBC, WRI, WWF Partner to Scale Next-Generation Climate Solutions
2 years ago - The US$100M initiative builds on the organizations’ individual efforts to accelerate a shift to a net-zero global economy.
Prince Charles’ ‘Terra Carta’ Urges Business, Finance to Put Nature at Heart of 2030 Recovery Plan
2 years ago - 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.
225 Global Investors Team Up to Spur Most Polluting Companies Into Action on Climate Change
5 years ago - 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 meaningful changes.
SAC's Latest Higg Module Improves Apparel Supply Chain Transparency, Reduces Audit Fatigue
5 years ago - 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 facilities. Optimized for use at an industrial scale, Higg FEM enables factories of any size to assess sustainability performance and easily share results with supply chain partners.
EV100, EP100, RE100 Clean Energy Initiatives Continue to Grow
5 years ago - 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 electric vehicles (EV100), energy productivity (EP100) and renewable electricity (
HSBC Pledges $100 Billion to Tackle Climate Change
5 years ago - 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 available for sustainability projects by 2025.
New Apparel Institute Aims to Scale Sustainable Solutions for Fashion Industry Impacts
5 years ago - 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 can improve upon the sector's problematic environmental impacts.
Finally, Real Action from Big Banks on Deforestation
5 years ago - 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 forests and indigenous people.
Carbon Pricing Leadership Coalition Calls for International Carbon Pricing System
6 years ago - 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 pricing system, in an effort to achieve the 2°C target outlined in the Paris Climate Agreement.
Philips' Sustainability Performance Influences Interest Rate for New Revolving Credit Facility
6 years ago - 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 sustainability performance improvement.
Over 80 Major Companies Across the UK Urge PM to Deliver on UN SDGs
6 years ago - 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).
HSBC To Launch New Sustainable Finance Unit
6 years ago - 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 central point of coordination and support for sustainability as it rises in importance for more clients in the future, according to HSBC. The new London-based department will be run by Christian Déséglise, HSBC’s global head of central banks and global co-head of sovereign and public funds, and Michael Ellam, managing director of HSBC’s public sector banking team in its financial institutions group. The pair will run the unit in addition to their current roles.
#BusinessCase: Transition to Low-Carbon Economy Can Bring Big Returns, But Many Still Lag
6 years ago - 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 planning and inertia.
HSBC Catch the Drop Promotes Vitality of Water During World Water Week
6 years ago - 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 sessions during the week, including hosting a special event in conjunction with the Bank's environmental partners to highlight the achievements and the impacts of the five-year HSBC Water Programme. HSBC Malta's Catch the Drop is a part of the programme.
Thousands of Youth Across Canada Benefitted From HSBC's 150th Anniversary Community Fund Last Year
7 years ago - 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 than 180,000 young people across Canada access high-quality education and environmental programs. HSBC Bank Canada in the Community, available as of May 10, chronicles how we contributed to the communities where we operate, as well as how we continued to grow our business and serve our valued customers in Canada last year. It also details HSBC's operational footprint, community investment programs, our approach to sustainability and our inclusive employee culture.