HSBC Group announces $90m environmental programme
HSBC, the world's first major bank to become carbon neutral, has committed a further $90 million (circa Lm28 million) over five years to reduce the bank's impact on the environment through a series of initiatives, including the introduction of...
HSBC, the world's first major bank to become carbon neutral, has committed a further $90 million (circa Lm28 million) over five years to reduce the bank's impact on the environment through a series of initiatives, including the introduction of renewable energy technology, water and waste reduction programmes and employee engagement.
The programme will be reviewed annually to consider the success of trials, emerging technology, innovation and business needs.
"In the face of mounting concern about the global environmental issues, HSBC is stepping up its own efforts in its own workplace," Shaun Wallis, HSBC Malta's CEO, said.
The initiatives focus on flagship buildings to recognised environmental standards as well as work on reducing energy and water consumption, business travel and carbon dioxide emissions, paper use and waste production. Some of the projects already completed during the pilot phase of the programme include designing and building HSBC's first "zero carbon" branch in Greece, New York, which optimises energy efficiency using geothermal ground source heat pumps.
The bank has reduced waste by installing composting vessels in Hong Kong to recycle organic kitchen waste. It has also removed the majority of personal desk bins at the global headquarters in London, in favour of a full recycling system. Further initiatives will be introduced across the bank's global operations over the next five years.
HSBC has a long-standing commitment to the environment and has won numerous awards. In Malta, HSBC was awarded The Conservation Award For Sustainable Development as part of the Malta Environment Award For Industry 2005. The award acknowledges the outstanding results achieved by the bank in the areas of energy, water and materials conservation.
The programme will be reviewed annually to consider the success of trials, emerging technology, innovation and business needs.
"In the face of mounting concern about the global environmental issues, HSBC is stepping up its own efforts in its own workplace," Shaun Wallis, HSBC Malta's CEO, said.
The initiatives focus on flagship buildings to recognised environmental standards as well as work on reducing energy and water consumption, business travel and carbon dioxide emissions, paper use and waste production. Some of the projects already completed during the pilot phase of the programme include designing and building HSBC's first "zero carbon" branch in Greece, New York, which optimises energy efficiency using geothermal ground source heat pumps.
The bank has reduced waste by installing composting vessels in Hong Kong to recycle organic kitchen waste. It has also removed the majority of personal desk bins at the global headquarters in London, in favour of a full recycling system. Further initiatives will be introduced across the bank's global operations over the next five years.
HSBC has a long-standing commitment to the environment and has won numerous awards. In Malta, HSBC was awarded The Conservation Award For Sustainable Development as part of the Malta Environment Award For Industry 2005. The award acknowledges the outstanding results achieved by the bank in the areas of energy, water and materials conservation.