Barbara
GAYDON-LIMONE
17, Avenue d’Ostende
98000 Monaco
Tel : +377 93 15 25 25
Fax : +377 93 15 25 00
barbara.gaydon.limone@hsbcpb.com
www.hsbcprivatebank.com
HSBC Group Corporate Sustainability
Since HSBC’s foundation in 1865, corporate sustainability has been an integral part of its character. It seeks to manage all aspects of the business ethically, responsibly and in a sustainable way.
In recent years HSBC has intensified efforts to embed sustainability into the way it manages both risks and business development opportunities. In May 2007, the Group Chairman launched the HSBC Climate Partnership, committing US$100 million over five years to fund the work of The Climate Group, Earthwatch Institute, Smithsonian Tropical Research Institute and WWF to inspire action by individuals, businesses and governments around the world on the challenge of climate change.
In June 2007 HSBC Group underlined its commitment to reducing its impact on the environment by launching the US$90 million Global Environmental Efficiency Programme. This five-year programme aims to introduce renewable energy technology, and set up waste and water reduction initiatives, while at the same time increase employee engagement.
Not to mention, the conception and construction of the first HSBC branches “Zero Carbon” in New York and Greece.
At HSBC Private Bank, we manage our premises, equipment and resource consumption in accordance with HSBC Group energy reduction targets. Recognising that our core business of banking can exert the most influence over sustainability issues, the HSBC Group has policies laying down minimum standards for lending and investment covering the energy sector, forest land and products, freshwater infrastructure, metals and mining, and the chemicals industry. Our business guidelines focus on how HSBC’s involvement in these environmentally sensitive industries can contribute to sustainable development.
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