HSBC Announces $100 Million Programme to Combat Climate Change

Last edited: Thursday, 31st May 2007, 4:16 pm
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HSBC has created a five-year, $100 million (£50m) partnership to respond to the urgent threat of climate change worldwide with the support of The Climate Group, Earthwatch Institute, Smithsonian Tropical Research Institute (STRI) and WWF.

Speaking at the London news conference to launch the programme, Sir David Attenborough, one of the world's best known broadcasters and a pioneer of the nature documentary, said:

?As we increase the production of greenhouse gases, we face the very real prospect of causing irreversible damage to the Earth's more fragile eco-systems. We are not powerless if we act now, collectively and decisively. We can significantly reduce the causes of climate change and greatly improve the chances of safeguarding for future generations the spectacular diversity of life on Earth.?

HSBC Group Chairman Stephen Green said:

?The HSBC Climate Partnership will achieve something profoundly important. By working with four of the world's most respected environmental organisations and creating a 'green taskforce' of thousands of HSBC employees worldwide, we believe we can tackle the causes and impacts of climate change. Over the next five years HSBC will make responding to climate change central to our business operations and at the heart of the way we work with our clients across the world.?

HSBC's US$100 million partnership - including the largest donations to each of these charities and the largest donation ever made by a British company - has significant programme targets and offers transformational support for the environmental charities. The donation will help to deliver increased capacity, help the charities to expand across new countries and research sites, and increase their access to more people.

Steve Howard, CEO of The Climate Group said:

?Climate change is an increasingly urban issue. Many of the solutions lie in cities - concentrations of capital, decision makers, opinion formers and population. Through the HSBC Climate Partnership we will accelerate our programme in five world cities, engaging the most influential businesses and city governments to lead a 'coalition of the willing' against global warming.?

James Leape, Director General of WWF International said:

?WWF is pleased to be continuing its collaboration with HSBC. Climate change, poor management and waste mean that water supplies around the world are more and more stressed. The HSBC Climate Partnership will help WWF work towards better management of global water supplies, improve water security for about 450 million people, and reduce the impact of climate change on some of the world's most important rivers, including the Amazon, Ganges, Thames and Yangtze.?

The HSBC Climate Partnership builds upon 'Investing in Nature', the Group's previous US$50 million, five-year eco-partnership which concluded in 2006. The programme saw the Group partner with Botanical Gardens Conservation International, Earthwatch, and WWF, saving more than 12,000 plant species from extinction, training 200 scientists, sending 2,000 HSBC employees on conservation research projects worldwide, and protecting and better managing three of the world's largest rivers - including part of the Yangtze River in China - benefiting some 50 million people.


 

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