The world's local bankOur Commitment
HSBC is taking a number of steps and introducing new initiatives to reduce the environmental impact of its day-to-day operations.
Financing Wind Farms
HSBC set up a financial package to enable Fred Olsen Renewables Limited to develop wind farms at Rothes and Paul's Hill in Moray, Scotland. Wind is currently the most economically viable renewable energy source in the UK. The finance package included facilities that were firsts in the UK in the renewable energy sector. The project was the largest UK wind farm finance to date. Rothes Wind Farm was completed in May 2005 and Paul's Hill Wind Farm is due to be completed by the end of 2006. The two wind farms have a combined capacity of 115 megawatts, enough to power 115,000 homes a year.
A wind farm in Germany. © Chien-Chi Chang/Magnum Photos
Read about other HSBC initiatives
Sustainability Risk Framework
HSBC considers potential environmental and social impacts resulting from its provision of lending and other services.
Santiago Buses
In 2004, after two years of planning and negotiation, HSBC helped finance a deal to provide nearly 1,800 Volvo buses, serving 4.5 million passengers a day in Santiago, Chile.
HSBC Environmental Conference
HSBC takes responsibility for fostering dialogue about its environmental policies both among employees and managers and externally with other companies, organisations, and governments.
Sustainable Development
Group Sustainable Development was established in 2005 to implement a sustainable development strategy which incorporates policies on the management of environmental and social risk, and sustainable business development.
Financing Wind Farms
HSBC set up a financial package to enable Fred Olsen Renewables Limited to develop wind farms at Rothes and Paul's Hill in Moray, Scotland. The finance package included facilities that were firsts in the UK in the renewable energy sector.
Responsible Business
How HSBC conducts its business responsibly.
