HSBC Amanah Sustainability
Overview of
HSBC Amanah
Key Credit
Highlights
Financial
Highlights
HSBC Group
Sustainability
HSBC SDG
Bond Framework
12
HSBC's Commitment on Sustainability
■ HSBC is fully committed to its own sustainability approach and compliance with the sustainability commitments that we have made in the public
domain
■ HSBC recognises that we have responsibilities not only towards our customers, employees and shareholders, but also the countries and communities
in which we operate. This means understanding and managing the impact we have on society and the environment, and investing in the future of our
employees and the communities we serve
■ HSBC Group Sustainability's mandate is to ensure that the business translates this recognition into practice.
Context
Climate change represents an
urgent and irreversible threat to
human society, as recognised
by the almost 200 countries
that have signed the 2015
Paris Agreement on climate
change.
An estimated USD90 trillion of
investment is needed in new
green infrastructure over the
next 15 years double the
current annual rate of spending
just to keep the global
temperature increase below two
degrees.
-
Major injections of capital are
needed to pay for more
efficient and less carbon-
intensive technologies and
infrastructure, to reduce the
carbon footprint of established
companies and industries, and
to cover the costs of climate
adaptation.
HSBC's Commitments
Provide USD100bn of
sustainable financing and
investment by 2025
Source 100% of our
electricity from
renewables sources by
2030 (90% by 2025)
Reduce our exposure to
thermal coal and actively
manage the transition for
other high carbon sectors
Adopt recommendations
of Task Force on Climate-
related Financial
Disclosures
Lead and shape the
debate around
sustainable finance and
investment
Provide USD 100bn of financing/investment to develop dean energy, lower-carbon
technologies, and projects that contribute to the delivery of the Paris Agreement and
the UN Sustainable Development Goals
Lead the development of sustainable capital markets, support corporate and
institutional clients in managing risks and promote sustainable investment products
for retail and private banking clients
Use direct investment and direct purchases via PPAs and similar mechanisms that
directly help the financing of new renewable electricity assets.
Collaborate with RE100, governments and regulators to open up renewable energy
markets where PPAs¹ or similar are not currently available
Reduce electricity per FTE by 20% by 2020
Discontinue financing of new thermal coal mines (including new customers
dependent on it) and new coal-fired power plants in developed countries and
continuously reinforce lending criteria in developing countries
Engage with clients in high carbon sectors to influence their transition strategies
Continuously review our risk policies on low carbon technologies
Report according to governance/ strategy/ risk management recommendations of
the task force
Engage with academia/ industry associations/ civil society networks to support
robust climate scenario analysis to price transition and physical risk.
Promote uptake of these recommendations across our global network
Establish a Centre of Sustainable Finance to provide thought leadership about
climate change and the role of the financial services sector.
Promote the development of industry-wide definitions, standards, tools and metrics
to enhance market analysis of Environmental Social Governance (ESG) issues and
impacts.
1.
PPA Power purchase agreement
2.
FTE Full time equivalentView entire presentation