HSBC Gets Gold Award For Its Environmental Performance

HSBC in Hong Kong has been awarded the first Gold Award for its all round outstanding environmental performance in the financial sector from the Government of the Hong Kong Special Administrative Region. Peter Wong, Executive Director of The Hongkong and

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HSBC in Hong Kong has been awarded the first Gold Award for its all-round outstanding environmental performance in the financial sector from the Government of the Hong Kong Special Administrative Region. Peter Wong, Executive Director of The Hongkong and Shanghai Banking Corporation Limited, accepted the award today on behalf of HSBC, at the official presentation ceremony held for the Sectoral Hong Kong Awards for Environmental Excellence (HKAEE).

The Sectoral Awards Scheme aims to recognise and award organisations with outstanding environmental performance across every aspect of their business. Industry sectors covered by the Sectoral Awards Scheme include construction, financial institutions, hotels, restaurants and catering, property management, retail, transport, logistics, the public sector and non-governmental organisations. This is the first time the HKAEE have judged organisations by industry sector.

“We are honoured to receive this top Environmental Excellence Award from the Hong Kong Awards for Environmental Excellence today,” says Wong, chief executive of the HKSAR, upon accepting the award from The Honourable Donald Tsang. “Sustainability is one of the core values in HSBCs business strategy. Being the world’s first bank to become carbon neutral, we will continue to explore ways to improve our environmental performance through the adoption of new technologies and innovation and to motivate our employees, customers, and suppliers to do the same.”

HSBC has demonstrated its green leadership in a number of areas, including:

carbon neutrality – HSBC was the worlds first bank and FTSE 100 Company to go carbon neutral1 in 2005. HSBC’s experience in operating a carbon-controlled business can be applied to its clients and the financial services sector;

dedicated management team – HSBC has a dedicated Corporate Sustainability team covering the Asia-Pacific region to develop, coordinate and implement corporate sustainability and environmental initiatives across 20 countries/territories2;

staff engagement and environmental training – in partnership with Earthwatch, HSBC has developed a Climate Change business training programme for its staff, which involves two weeks of scientific research activities in the primary and secondary forests of the Gutianshan National Nature Reserve in Zhejiang Province, East China. Upon return, these ‘climate champions’ will share their valuable knowledge and expertise with other colleagues to develop a more sustainable business and workplace;

ability to influence with ‘green’ services – HSBC has policies in place to help customers manage risks in projects with high environmental and social impacts. In addition, HSBC helps customers invest in low-carbon and energy efficient technologies through Green Equipment Financing services. It has a Climate Change Centre of Excellence based in Bangalore, India, and launched its innovative Green Credit Card last year, in which a percentage of spending on the card is directed to an environmental programme;

environmental programmes – since 2002, HSBC’s environmental management programme has identified major areas of direct environmental impact and has actively managed them by setting targets and actions. HSBC has also committed to spending US$90 million to reduce the environmental impact of its buildings and business operations over five years; and

synergistic partnership programmes: HSBC has a number of environmental partnership programmes in the community to promote biodiversity, wetland conservation, environmental research and lifestyle changes. Examples include Hong Kongs first carbon calculator, HSBC Wetland Days, and the HSBC Climate Partnership. The latter is a five-year US$100 million global programme with Earthwatch, The Smithsonian Tropical Research Institute, The Climate Group and WWF.

Members of the judging panel included: Prof. Tsui Lap-Chee, Vice-Chancellor and President of the University of Hong Kong (and Chairman of the Award Judging Panel), Anissa Wong, Permanent Secretary for the Environment, HKSAR and Ng Cho-nam, member of Advisory Council on the Environment, HKSAR.

D.C.

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