Corporate Sustainability

Australia's green business opportunity – HSBC has developed an infographic showcasing the latest drivers for the nation's sustainable future through green finance, clean energy or emission reductions
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Industry best practice

Whether your company is about to embark on its sustainability journey, or you are already actively taking steps to improve your environmental and social impact, the following insights from some of HSBC’s international corporate customers should provide some useful tips and best practice.

Australian case studies

A variety of the sustainable practices now being adopted by a range of Australian companies shows how there is wide scope for substantial change across sectors and scale of businesses.

GPT Group

Property company GPT Group draws on the legacy of its founder, Dick Dusseldorp, who believed that a community of interest exists between investors, employees and broader society14. Its non-financial reporting is guided by the Global Reporting Initiative, the International Integrated Reporting Framework, the Dow Jones Sustainability Index and the Global Real Estate Sustainability benchmark.

 

 

GMA Garnet

Abrasives manufacturer GMA Garnet recycles its garnet-based abrasive agent several times to maximise the life span of this non-renewable natural resource15.

Moxey Farms

New South Wales Dairy company Moxey Farms has Environmental Protection Authority (EPA) and International Standards Organisation (ISO) accreditations; a pollution incident management plan; and publicly discloses its environmental monitoring results16.

West Australian timber company Wespine uses the latest technology to calculate when each of its trees have reached their maximum carbon capacity, because each tree is different and should be approached individually to reduce wastage in and after harvesting17. As the company says: “We take care to ensure every last fibre of that tree is off to start a new life of its own”.

 

 

Macquarie Group, a bank, has been carbon neutral since 2010 and continues to prioritise sustainable management and reporting under its broader environmental and social risk policy18. This policy covers labour and employment practices, human rights, resource efficiency, pollution prevention, biodiversity and cultural heritage. It uses the Global Reporting Initiative (GRI) G4 sustainability reporting guidelines to guide its environment, social and governance disclosures. Macquarie Group also issued a £2.0 billion loan facility in June 2018 which included a £500m facility to finance green projects. HSBC Australia acted as Green Structuring Advisors on the loan, which saw strong demand in Asia and is being used to support renewable energy and green infrastructure projects19.

What other companies are doing

Modern Land China

Find out how Modern Land is implementing smarter practices for a sustainable future in China, and how policy and innovation are driving this change.

Watch the other three episodes by clicking here

Insights

MTR keeps green financing on track with HSBC

In Hong Kong, 90 per cent of trips are made on public transport, which is amongst the highest in the world.20 The city already has one of the greenest transport systems globally.21
Breakthroughs in technology from sectors ranging from energy to transport will have to deliver a more sustainable future. Corporates like MTR are already at the cutting edge of this development.

Impact investing makes a difference to MTR

With green financing comes a responsibility to show results through verified CO2 reductions or improved energy efficiency, in the case of MTR it used the monies for two new rail projects.
"These lines are expected to reduce carbon dioxide emission by 42,000 tonnes a year.22 This is equivalent to planting about 1.8 million trees. We've also been investing in more energy efficient chillers for our stations.

HSBC names best for sustainable finance

HSBC has been named the ‘World’s Best Bank for Sustainable Finance’ in recognition of its work to support the global transition to a low-carbon economy.

HSBC’s strength in green bonds helped it stand out in the sustainable finance category, according to Euromoney. The bank has supported recent bond launches in locations including Hong Kong, Ireland and Mexico.

Your Money interview with Hamish Kelly

Hamish Kelly, Head of Global Banking, HSBC Australia, spoke with TV channel Your Money about the growth of sustainable finance in Australia, why corporates are increasingly selecting such products when issuing debt, and investor strategies for ESG and why their appetite for green bonds is growing.

Sustainability handbook for treasurers

This collection of articles from HSBC and Treasury Management International explores ways in which corporate treasurers can positively influence the sustainability goals of their firms – in particular by focusing on environmental, social and governance (ESG) objectives.

Interest in sustainable business models for directors

Interest in responsible and ESG investment is increasing. With input from Hamish Kelly, Head of Global Markets, HSBC, this article by the Australian Institute of Company Directors (AICD) outlines emerging trends, what investors are looking for and how the performance stacks up.

New infrastructure needed to halt temperature rises

In this article produced by the Committee for the Economic Development of Australia (CEDA), HSBC Centre of Sustainable Finance Managing Director Zoë Knight argues that new infrastructure is urgently required to keep global temperatures from rising more than anticipated and highlights the areas that require most attention.

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