Updated: Aug 20, 2021 3:28 PM
HSBC Bermuda is following in the footsteps of its parent company’s ambitious climate strategy.
The local branch has already invested three quarters of a million dollars in working with environmental charities to support various local initiatives and projects focused on sustainability.
HSBC Group announced last October its corporate plan to prioritize financing and investment in support of the transition to a net zero global economy to help build a prosperous and resilient future for society and businesses.
And now HSBC Bermuda has announced that it will take action to:
• Become a “net zero bank” in its operations and supply chain by 2030, in accordance with the Paris Agreement;
• Support its portfolio of customers on their own “net zero” transition journey through the provision of unique green product solutions and services to help reduce emissions; and
• Unlock climate solutions by funding projects that support climate innovation, sustainable infrastructure and nature-based solutions for Bermuda.
Local bank projects have already included Eco Schools Greenrock, 2015-2018); Cooper Island Restoration Project (Bermuda Zoological Society and Department of the Environment); Brackish pond sanitation project (BZS, 2014-2015); Youth Water Explorer Project (Greenrock, 2015-2017); and, Mid-Atlantic Robotics in Education Program (Bermuda Institute of Ocean Sciences, 2014-2018).
Additionally, HSBC said it has strengthened its position over the years with employees on the importance of sustainability.
The bank said it did so through its annual staff volunteer efforts through environmental remediation projects; the Citizen Scientist staff leadership training initiative; training its employee resource group on sustainable development; obtaining the internationally recognized Gold LEED certification for its head office at Harbourview Center; formation of an internal business council on the climate; and, the local implementation of the global HSBC REDUCE campaign to ensure responsible consumption of energy, water, waste, paper, travel, etc. within its operations.
Steve Banner, CEO of HSBC Bermuda, said: “There is a pivotal global decade of change underway with respect to climate change and sustainability.
“We recognize the responsibility and importance of HSBC Bermuda’s role in how the bank adapts to these critical changes and how we continue to support the aspirations and needs of our customers and the community, in these areas. of significant interest.
“We look forward to the way ahead as we work to build a healthier, more resilient and more sustainable future. “
For more information on HSBC Bermuda’s Climate Ambition plans, visit its website Center for sustainable development.
Steve Banner, CEO of HSBC Bermuda (File photo)