HSBC have been named 'World’s Best Bank for Sustainable Finance’ in the Euromoney Awards for Excellence 2020. This recognises the commitment to helping clients support the transition to a low-carbon economy.
Corporate Sustainability
Australia's green business opportunity
Sustainable businesses are more important than ever
Australian companies
86%
Agree sustainable practices will enhance growth and profitability
Australian companies
Barrier
To sustainabilty practices are extra work and time to impliment changes
Australian companies
Top driver
To address sustainability is brand reputation
Australian companies
18%
Use sustainable or green financing within their company
Australian services companies
62%
on par or ahead of peers with ethical and environmental sustainability
Goods producers
20%
will change suppliers based on their sustainability practices
Australian businesses go green
Australian companies are recognising the importance of being sustainable and that profit and purpose must go hand in hand. According to our recent Navigator survey of Australian companies, 85% agree that there is a need to reassess and review their operations to enable them to rebuild their business on firmer environmental foundations. This ensures that sustainability will remain high on the future agenda of Australian businesses.
Investing in a sustainable economy
As we emerge from the COVID-19 crisis, a recent report by WWF and EY, supported by HSBC offered a solution which enables environmental change whilst delivering on the nation’s ambitions to drive job creation. Clean energy, low-carbon and digital solutions are fundamental pillars of a better economy: improves quality of air we breathe, enhance our quality of life, limits the climate-related disasters. The cumulative gains for transforming the energy system could reach US$98 trillion between 2020 and 2050, greatly exceeding the related investment costs (US$15 trillion)*.
Future-proofing our cities
Forecasting an economy for a post-COVID world considers investment in climate change and ensuring for a sustainable economy ranks third out of seven major implications for mid- to long-term recovery. Better awareness of climate change challenges and the need for a more sustainable economy and infrastructure with a better environmental footprint on ecosystems**. The crisis has accelerated the change in consumption behaviour and broadened the public support for a cleaner economy and environmental responsibility
How HSBC can help
Sustainability means meeting the needs of the present without compromising the ability of future generations to meet their own needs.
Three internationally recognised frameworks help define our sustainability goals:
- Paris Agreement
- ESG framework
- Sustainable Development Goals
HSBC Australia assists businesses through a list of products
- Green, social and sustainability bonds (GSS)
- Green Loans and Green Loan Principles (GLP)
- Social and sustainability linked loans (SSLs)
- Sustainable Supply Chains
- ESG and Climate Research
HSBC global centre for sustainable finance; HSBC are committed to supporting sustainable businesses globally, for more information visit our Center for Sustainable finance.
