“The global economic and financial crisis we face has brought the wider challenges of what it means to be a sustainable business into sharp focus. We have previously stated that our goal is to be a leading brand in sustainability and this remains fundamental to our strategic aims.”
Stephen Green, Group Chairman, HSBC Holdings plc
HSBC’s Sustainability Report 2008, published today, covers a broad range of non-financial issues including:
employee engagement; support for our customers during the global economic downturn; promoting future social opportunity; the bank’s environmental footprint; community investment at HSBC; and HSBC’s approach to managing the environmental and social impacts of providing finance to corporate customers
The report outlines the key priorities for HSBC in its goal to be a leader on sustainability and to continue to embed sustainable business practices.
Lord Stern, adviser on climate change to HSBC’s Group Chairman, comments in the report, “This slow-down presents an opportunity to bring forward some of the necessary investments to create a low-carbon economy. For HSBC, this will be a key driver of growth and competitiveness.”