The world's local bankIn 2004, HSBC began a three-year, US$1.2 million collaboration with the British universities of Newcastle-upon-Tyne and East Anglia (UEA) to create the HSBC Partnership in Environmental Innovation. This programme is researching climate change and other major forms of global environmental damage, and society's awareness of the issues. The partnership aims to have a global impact and, while technically a research project, there will be a focus on real-life problems and creating appropriate solutions.
Newcastle University's contribution will be in the field of environmental technologies. The university's Institute for Research on Environment and Sustainability (IRES) will:
UEA's contribution will be in verifying carbon reduction technologies and techniques, and examining the different ways of achieving significant CO2 reduction through combining technological acceptance and human behaviour. The university's Carbon Reduction programme (CRed) will establish the HSBC Low Carbon Innovation Centre which will:
In November 2005, the University of Newcastle-upon-Tyne's research team, sponsored by HSBC, won The Queen's Anniversary Prize for Higher and Further Education for a pioneering project to clean up contaminated water flowing from an abandoned mine.
In addition to the research partnership, the entities get involved in other areas of the environmental community. During National Science Week in March 2006, the University of East Anglia monitored pledges made on the BA's (British Association for the Advancement of Science) website to reduce the amount of carbon dioxide produced during the week. The university will evaluate the impact on the environment of the pledges made.
This revolutionary heating and cooling scheme in Tokyo is up to 40% more efficient than conventional systems. © Harry Gruyaert/Magnum Photos
Even small measures can add up over time. Here are some examples of HSBC's commitments in Asia-Pacific.
Buying electricity produced from renewable sources is an easy and effective way to reduce CO2 emissions.
Lighting is a necessary part of any office, but also one of the main energy drains.
This building is a good example of how design and innovation can work together to reduce environmental impacts.
HSBC supports research into environmental innovation as well as applying newly developed technologies.
In addition to reducing our own energy usage, HSBC is keen to encourage and support our customers to do the same.