About Us
HSBC is one of the world's largest banking and financial services organizations, serving millions of customers globally. With a presence in over 60 countries, HSBC offers a wide range of services including personal finance, commercial banking, and wealth management. The company is committed to connecting customers to opportunities and helping them achieve their financial goals.
HSBC has made significant strides in sustainability, aiming to become a net-zero bank by 2050. The company has committed to aligning its financed emissions to the Paris Agreement goals and has set interim targets for 2030. HSBC is actively involved in financing sustainable projects and has pledged to provide between $750 billion and $1 trillion in sustainable finance and investment by 2030.
The bank has also integrated environmental, social, and governance (ESG) considerations into its business strategy. HSBC's sustainability efforts are recognized through various certifications and memberships, including being a signatory to the UN Principles for Responsible Banking. The company publishes annual ESG reports detailing its progress and initiatives in reducing its carbon footprint and promoting sustainable practices.
Despite these efforts, HSBC has faced criticism from environmental groups for its involvement in financing fossil fuel projects. The bank has responded by increasing its investments in renewable energy and committing to phase out coal financing in the EU and OECD by 2030 and globally by 2040.
HSBC continues to work towards enhancing its sustainability credentials and addressing the challenges of climate change through strategic partnerships and innovative solutions.