The world's local bankHSBC is taking a number of steps and introducing new initiatives to reduce the environmental impact of its day-to-day operations.
HSBC has had an active commitment to the environment for many years. In fact, HSBC was the first major bank to go completely carbon neutral, in 2005. We believe it is the responsibility of governments, businesses and individuals to recognise the challenge of climate change and to play their part in minimising the impacts now and in the future. HSBC employs a variety of ways to maintain its carbon neutrality and fulfil its responsibilities, including researching and adopting new technologies, creating new ways of doing business, and motivating staff and customers to do the same. Within our own business practice, we measure energy and water use and waste and CO2 production and have set targets for continuous reductions in these areas. We have moved beyond reactive engagement to proactively including sustainability as a core part of the business, incorporating environmental criteria into our lending policies to support our clients in building environmentally-sustainable businesses. We pursue business opportunities in the field of sustainability and partner with environmental organisations to assist them with their projects.
Find out more about our Global Environmental Efficiency Programme
HSBC's statement of 'Our Principles and Values' commits us to high standards of corporate behaviour, including all areas of lending, development of communities, good environmental practices, and lawful business practice.
In order to conduct business in an environmentally-responsible manner, HSBC works with other companies, entities, and governments. We also use a number of internationally-agreed principles and standards to monitor environmental impact.