Community

As part of our effort to be Mexico’s sustainable Bank, we have a strong community investment strategy in alliance with charities that focus on education, environment, community and health issues. This gives us the opportunity to work with a wide variety of programmes which positively influence our stakeholders and gives us the opportunity to connect further with the communities where we operate, always aligned to the UN’s Sustainable Development Goals.

It is worth mentioning that thanks to our scope of initiatives, we have had the opportunity to create several alliances between both the private sector and government, generating joint ventures, which maximize the impact of our efforts.

In addition to our community investment and alliances, in HSBC we seek to fulfill our clients’ desire to help, whom generously support educational campaigns and diverse social projects through our ATM’s network.

HSBC Climate Strategy

HSBC sets out ambition to build a net zero economy

The transition to net zero carbon emissions presents a clear opportunity to set the global economy on a more sustainable, resilient and inclusive path. Finance, with its focus on risk and reward, is key to building a future that prioritises resilience, social mobility and the environment alongside economic growth.

HSBC is well-established as a leading player in the transition to a low carbon economy. In 2017, HSBC committed USD100bn of sustainable finance by 2025. Since then, we’ve launched a number of award-winning products, and been recognised as a leading bank for Sustainable Finance.

Achieving the scale of change needed to meet the Paris Agreement goal will require significant extra effort, at a faster pace. We are setting out a three-part plan to help accelerate the transition to net zero through finance.

1. Becoming a net zero bank

To achieve net zero, we can effect change both in our own operations, and for our customers through our financing portfolio. We are committed to maximising our contribution to a more sustainable future by becoming a net zero bank. To achieve this, we aim to:

• Align our financed emissions – the carbon emissions of our portfolio of customers – to the Paris Agreement goal to achieve net zero by 2050 or sooner.
• Use the Paris Agreement Capital Transition Assessment Tool (PACTA) to develop clear, measurable pathways to net zero.
• Make regular, transparent, TCFD-aligned disclosures to communicate our progress, and encourage our customers to do the same.
• Work with our peers, central banks and industry bodies to mobilise the financial system around a globally consistent, future-proofed standard to measure financed emissions, and a functioning carbon offset market.
• Achieve net zero in our operations and supply chain by 2030 or sooner.

2. Supporting our portfolio of customers to thrive through transition

The most significant contribution we can make to addressing climate change is supporting our customers to decarbonise, while helping to ensure their ongoing resilience and prosperity. To facilitate this, we aim to:

• Work with our portfolio of customers to support them on their journey to lower carbon emissions, bringing together our dedicated ESG Solutions team, our award-winning products, and experts across the bank to develop tailored solutions for our customers.
• Prioritise financing and investment that supports our customers in all sectors to transition to lower carbon emissions. As part of our ambition to support our customers in their transition to net zero and a sustainable future, we aim to provide and facilitate $750bn to $1tn of sustainable finance and investments by 2030.
• Increase our portfolio of transition finance solutions to help enable even the most heavy-emitting sectors to progressively decarbonise, while helping to ensure a just and stable transition to maintain economic stability.
• Apply a climate lens to our financing decisions, taking into account the unique conditions for our clients across developed and developing economies.

3. Unlocking next-generation climate solutions

The net zero transition requires radically new solutions to increase the pace of change. Nature-based solutions, climate innovation and sustainable infrastructure create new frontiers of opportunity in sustainable finance. To deliver this, we aim to:

• Build one of the world’s leading natural capital managers – to mainstream natural capital as an asset class, and invest in activities that preserve, protect and enhance nature over the long-term. For this purpose, we have created HSBC Pollination Climate Asset Management.
• Set up a dedicated unit and tailored proposition to support CleanTech innovation companies and target USD100m CleanTech investment within our technology venture debt fund.
• Launch a programme to donate USD100m to scale climate innovation ventures, renewable energy and nature-based solutions between now and 2025.
• Help transform sustainable infrastructure into a global asset class, and create a pipeline of bankable projects, leading the FAST-Infra initiative together with the OECD and the World Bank.

Terms and definitions

• As part of our ambition to support our customers in their transition to net zero and a sustainable future, we aim to provide and facilitate $750bn to $1tn of sustainable finance and investments by 2030.
• The ambition includes HSBC’s financing, facilitation and investment activities, and reflects an aggregation of financial flows (volume) where sustainability criteria are applied to the financing, facilitation or investment activities enabled through HSBC’s businesses and client relationships.
• Updated definitions will be published on HSBC.com.

Sustainable Finance

Our aim and commitments

In HSBC we consider Sustainable Finance as any type of financial service that integrates ESG or Environmental Social and Governance criteria in any business decision. It includes the financing, the facilitation and the investments required to reach the United Nations Sustainability Development Goals (SDG) and in particular the fight against climate change.

As part of our ambition to support our customers in their transition to net zero and a sustainable future, we aim to provide and facilitate $750bn to $1tn of sustainable finance and investments by 2030.

We agreed to disclose under the Taskforce for Climate-related Financial Disclosure TCFD and as members of RE100, we committed to sourcing 100% of our own electricity consumption from renewable sources.

Our sustainable products available to date:

Providing sustainable options is important to us and we are continuously working to extend our offer of green and responsible products for you and your company. Know the products available today:

• Bonds: Green, Social and Sustainable
• Green Financing for companies (Site under construction)
• Sustainable ETFs
• Green Car Loan

HSBC has demonstrated its leadership in sustainable finance

• In 2020, HSBC was named the World’s Best Bank for Sustainable Finance by Euromoney, which noted that “across every sector and region HSBC stands out for its commitment to developing partnerships and products that will bring finance at scale to create a more sustainable and resilient planet.”
• Last month, The Banker named HSBC as Investment Bank of the Year for Sustainability in its 2020 awards, praising “an impactful and holistic approach to environmental, social and governance (ESG) issues across many geographies, products and services and for a range of clients”.
• HSBC is ranked the number one global bookrunner of green, social and sustainability bonds for the year to the end of September 2020, according to Dealogic. We have also been ranked a leading research house in ESG for the past five years, according to external surveys that include Extel and Institutional Investor.

Recent awards and recognition

Engagement

• Founding chair of Chapter Zero initiative, engaging non-executive directors of boards on climate change
• Chair of Institute for International Finance (IIF) Sustainable Finance working group
• Member of Climate Action 100+ Steering Committee and chair of Institutional Investors Group on Climate Change Corporate Programme
• Lead One Planet Asset Manager Initiative comprised of large asset managers and sovereign wealth funds
• Co-chair of Climate Transition Finance working group of the International Capital Markets Association (ICMA)
• Chair of risk management working group of the industry led Climate Risk Management Forum in UK
• Deputy Chair of ResponsibleSteel, which developed the first sustainable certification for the steel sector
• Chair of Institutional Investors Group on Climate Change Corporate Group

Links of interest

• Video. Sustainable Finance Bring back better
• Report. ESG or Environmental, Social and Governance report 2019
• Research. HSBC Centre of Sustainble Finance

Articles

• Green Bond FIRA 2020
  Consider that it will take you to a web page in Spanish.
• Green Loan Ikano Industry
  Consider that it will take you to a web page in Spanish.
• The transition of agriculture to a low carbon emissions environment
  Consider that it will take you to a web page in Spanish.