HSBC has come top in the second annual ethical reputation rankings published by Geneva-based consultancy Covalence. As part of the survey, over two hundred multinational corporations were examined across ten sectors and scores awarded by measuring positive and negative news-flow over a five year period. HSBC was the best performing bank, achieving a clean sweep in the three categories: ‘Best Ethical Quote Score’, ‘Best Ethical Quote Progress’, and ‘Best Reported Performance’. Overall, it placed sixth across all sectors.
“The Covalence report is an important barometer of how multinationals are perceived in the ethical field and HSBC is delighted to have been recognised in this way,” says Francis Sullivan, an Adviser on the Environment to HSBC.