The world's local bank
Environmental targets and performance
We set reduction targets for energy and water use, waste and carbon emissions. Starting from 2008, global, regional and functional business heads are responsible for the achievements of annual environmental targets within their business areas. These targets are included in balanced scorecards which are used worldwide for all senior managers.
Target in consumption/emission (compared with 2010) |
|
Carban dioxide from energy |
0.2% |
Energy |
0.2% |
Paper# |
4% |
Travel (Carban dioxide from travel) |
4% |
Water |
16.5% |
Waste |
4.8% |
* FTE: Full-time equivalent
# Target on paper is based on consumption in tonnes.
|
Target |
Actual |
Carban dioxide emission (from air travel) |
-15% |
+18% |
Carban dioxide emission (from energy) |
-4% |
-8% |
Energy consumption |
-4% |
-10% |
Water consumption |
+8% |
+9% |
Waste disposed |
+20% |
-15% |
- Environmental reporting is an important part of the Bank's corporate sustainability initiatives. The HSBC Group has measured its impact on the environment since 2001.
- We measure and monitor the usage of energy, water, waste and business travel in the countries and territories where HSBC has offices. More than 200 staff globally manage the implementation, monitoring and reporting of our environmental initiatives.
- In Hong Kong, we launched environmental reporting in 2002. From 2006, we began implementing the Environmental Management System based on ISO 14001 for our buildings in selected office locations. We conduct training courses and awareness-raising initiatives and have set up a dedicated committee to improve environmental efficiency.
- HSBC has been a member of the Carbon Disclosure Project's Leadership Index since 2004. This index rates companies for transparency on the management of their carbon footprint. It also rates their understanding of the climate risks and opportunities affecting their business.
HSBC has been recognised as a leader in terms of financial sector responses to climate change.
Last modified date: 06 December 2011
