HSBC to spend $100m to combat climate change worldwide
Thursday, 7 June 2007
FE Report
The HSBC Group recently announced a five-year $100 million (10 crore) HSBC climate programme partnering with four world-class environmental organisations to inspire action by individuals, businesses and governments world-wide and engaging its staff to improve the climate change impacts for people, water, forests and cities.
The HSBC climate partnership will help some of the world's large cities - Hong Kong, London, Mumbai, New York and Shanghai - respond to the challenge of climate change.
It will create 'climate champions' worldwide who will undertake field research, and bring back valuable knowledge and experience to their communities.
Besides, the programme will fund to conduct the largest ever field experiment on the world's forests to measure carbon, and the effects of climate change.
It will also help protect some of the world's major rivers - including the Amazon, Ganges, Thames and Yangtze - from the impacts of climate change, benefiting the 450 million people who rely on them.
The HSBC climate partnership builds upon 'investing in nature', and the group's previous funding worth $50 million in five-year eco-partnership concluded in 2006.
In Bangladesh, HSBC also undertook several locally focused activities to celebrate the World Environment Day on June 5. HSBC announced the launching of a nationwide environmental competition called HSBC environment champions.
Under the programme, HSBC staff will visit various schools in Dhaka, Sylhet and Chittagong over the coming months, and provide interactive sessions that will educate the students about the environment and climate change, focusing on conservation of water, waste management, electricity consumption, carbon dioxide emission reduction, and forestation etc.
The students will then be invited to submit one-page ideas about how to improve the environment. HSBC staff will judge the submitted ideas, and then a final competition will be held among the best 15.
In addition, HSBC sponsored an internal programme on tree plantation, where its staffs were encouraged to plant trees, and promote forestation in their home villages. HSBC provided the staffs with a day-off and the funding to undertake these activities.
HSBC also teamed up with the Department of Environment to display roadside digital banners at various locations in the city to raise awareness about the World Environment Day and protection of the environment.
The HSBC Group recently announced a five-year $100 million (10 crore) HSBC climate programme partnering with four world-class environmental organisations to inspire action by individuals, businesses and governments world-wide and engaging its staff to improve the climate change impacts for people, water, forests and cities.
The HSBC climate partnership will help some of the world's large cities - Hong Kong, London, Mumbai, New York and Shanghai - respond to the challenge of climate change.
It will create 'climate champions' worldwide who will undertake field research, and bring back valuable knowledge and experience to their communities.
Besides, the programme will fund to conduct the largest ever field experiment on the world's forests to measure carbon, and the effects of climate change.
It will also help protect some of the world's major rivers - including the Amazon, Ganges, Thames and Yangtze - from the impacts of climate change, benefiting the 450 million people who rely on them.
The HSBC climate partnership builds upon 'investing in nature', and the group's previous funding worth $50 million in five-year eco-partnership concluded in 2006.
In Bangladesh, HSBC also undertook several locally focused activities to celebrate the World Environment Day on June 5. HSBC announced the launching of a nationwide environmental competition called HSBC environment champions.
Under the programme, HSBC staff will visit various schools in Dhaka, Sylhet and Chittagong over the coming months, and provide interactive sessions that will educate the students about the environment and climate change, focusing on conservation of water, waste management, electricity consumption, carbon dioxide emission reduction, and forestation etc.
The students will then be invited to submit one-page ideas about how to improve the environment. HSBC staff will judge the submitted ideas, and then a final competition will be held among the best 15.
In addition, HSBC sponsored an internal programme on tree plantation, where its staffs were encouraged to plant trees, and promote forestation in their home villages. HSBC provided the staffs with a day-off and the funding to undertake these activities.
HSBC also teamed up with the Department of Environment to display roadside digital banners at various locations in the city to raise awareness about the World Environment Day and protection of the environment.