Programme Opening: Welcome Remarks

Headline Sponsor for the Sustainable Finance & Supply Chains Theatre
Programme Sponsor for Rethinking Retail
(Day 2  of the BEC Circular Transition Theatre)

The Hongkong and Shanghai Banking Corporation Limited is the founding member of the HSBC Group. HSBC serves customers worldwide from offices in 64 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of $2,990bn at 31 March 2023, HSBC is one of the world’s largest banking and financial services organisations.

Our purpose – Opening up a world of opportunity – explains why we exist. We’re here to use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities and the planet we all share.

Our sustainability goals for 2023:

“We’re focused on helping to deliver a net zero global economy. It’s a pillar of our strategy as a business.”

We aim to achieve net zero in our operations and supply chain by 2030 and in our financing portfolio by 2050. Between now and then, we’re working with our clients to help them reduce their emissions and scale up low-carbon solutions, as we work to reduce our own. This will be a change over time, as businesses and economies progressively move away from high-carbon activities. In addition, we’re providing finance to accelerate climate change solutions and building global partnerships to help channel investment swiftly towards sustainable projects.

As we transform our own operations and supply chain to net zero by 2030 or sooner, we’re asking our suppliers to do the same. We will align our financed emissions – the emissions produced by the customers and projects we finance – to net zero by 2050 or sooner.

We’re setting 2030 targets for emissions reduction in different sectors, focusing on the heaviest emitters first. Our targets include a commitment to phase down our fossil fuel financing in line with what’s needed to achieve net zero by 2050. In the meantime, we continue to support energy clients that take an active role in the energy transition, helping to finance and invest in the technologies and infrastructure needed to succeed. We engage closely with our clients on their transition plans, which helps us to track our own progress towards net zero by 2050.

Solutions Showcase:

• Green Finance & Investments

UN SDG goals that we align with:

• SDG 13 Climate Action

Legal Name: The Hongkong and Shanghai Banking Corporation Limited