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HSBC pledges ongoing support for climate economy
HSBC pledged its ongoing support for the global climate economy by participating in the Business Summit on Climate Leadership 2011 in Hong Kong. HSBC served as the Convening Partner for the fourth annual event that brought together policymakers, non-government organisations and corporates to discuss sustainability and business opportunities.
Organised by The Climate Group, the 2011 event featured approximately 170 speakers and delegates including officials from the Government of the People's Republic of China.
- The 2011 event's theme was Advancing Clean Growth for Sustainability and featured presentations and panels focusing on deploying clean technology and corresponding financing solutions across various industry sectors.
- Globalisation is driving the off-shoring of carbon to Asia and as a result, most developing countries have higher per capita production emissions than per capita consumption emissions. This poses physical climate change risks to emerging economies but also offers a window to advance clean growth for sustainability.
- China's sustainable business sector was outlined in several keynote speeches at the Summit by senior representatives of the National Development and Reform Commission and the State Council of the People's Republic of China.
- Climate business is a key strategic focus of HSBC globally. HSBC views climate change as a revenue driver, the Bank will use the global network of specialists and customers to turn these opportunities into profit while addressing sustainability issues.
- Since 2010, HSBC has elevated its climate focus from facilitating a low-carbon economy to supporting the sector's mainstream credentials. The Bank's climate business portfolio now covers 10 countries in the Asia-Pacific region, focusing on clean technologies including wind, solar, geothermal, biofuels, and water infrastructure industries.
- In Hong Kong, HSBC offers customers the Green Financing Scheme, providing corporate sector incentives, financial advice and support for energy efficient, low-carbon production line upgrades.
"China's evolving climate business will leverage Hong Kong's standing as an international financial, a capital raising and an offshore RMB centre, to help this dynamic sector grow."
Anita Fung
Group General Manager,
Chief Executive Officer Hong Kong, HSBC
Last modified date: 13 December 2011
(From left to right)
Anita Fung, Group General Manager, CEO, Hong Kong, HSBC (2nd left) pictured with Prof Shi Dinghuan, Counsellor of the State Council PRC (2nd right), Mark Kenber, CEO, The Climate Group (1st left) and Wu Changhua, Greater China Director, The Climate Group (1st right).
