The world's local bank
Environmental policy
Policy Statement
The HSBC Group recognises that sound business management must take into account the effects of its businesses on the environment. The Group supports practical measures and policies which will help to protect and improve the environment.
We acknowledge that governments, businesses and individuals all have a part to play in bringing about sustainable economic development: meeting the needs of the present without compromising those of the future.
- We regard sustainable development as a fundamental aspect of sound business management.
- We recognise that sustainable development is a corporate and integral part of our pursuit of good corporate citizenship.
Key Issues of Our Commitment
- management of environmental impacts, direct and indirect
- continual improvement of environmental performance
- compliance with environmental, legal and other requirements
We endeavour to adopt good environmental practices in respect of our premises, equipment and consumption of resources and will seek to:
- reduce energy consumption and improve energy efficiency
- conserve resources and use renewable or recyclable materials
- minimise or recycle waste
- dispose of waste in an environmentally responsible manner
- reduce the use of chlorofluorocarbons (CFCs)
- favour suppliers and contractors who adopt environmental initiatives through sponsorship
We incorporate environmental considerations into credit and risk analysis, and we expect borrowers to comply with legal and regulatory requirements.
We encourage openness and dialogue relating to environmental management with all relevant audiences, including shareholders, customers, staff, government and the public. It supports initiatives that promote practical solutions to the worlds complex and challenging environmental problems.
