HSBC launches green initiatives
(30 June 2006 – UK) HSBC has announced it will invest ₤100 million in the UK over the next five years on improving the environmental efficiency of its buildings and the behaviour of its 280,000 staff.
HSBC chairman Stephen Green said improving the environmental sustainability of its operations was intrinsic to the bank’s strategy of growing profits.
Measures included cutting down on the amount of printing – particularly emails – that was taking place, which added up to 100 million pieces of paper a year, the bank estimated. HSBC also removed personal waste bins from its Canary Wharf headquarters and replaced them with communal bins for recyclable waste.
HSBC said it would reduce the amount of waste sent to landfill sites by eight percent by the end of 2007. The bank would also plant 10 trees for each shareholder who chose to read the bank’s annual report online rather than receiving hard copies.
HSBC also launched a Sustainability Leaders Fund which will be used for investing in companies across Europe operating with a focus on sustainable development.
Measures included cutting down on the amount of printing – particularly emails – that was taking place, which added up to 100 million pieces of paper a year, the bank estimated. HSBC also removed personal waste bins from its Canary Wharf headquarters and replaced them with communal bins for recyclable waste.
HSBC said it would reduce the amount of waste sent to landfill sites by eight percent by the end of 2007. The bank would also plant 10 trees for each shareholder who chose to read the bank’s annual report online rather than receiving hard copies.
HSBC also launched a Sustainability Leaders Fund which will be used for investing in companies across Europe operating with a focus on sustainable development.
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