Opening Welcome: Rethinking Finance

Co-Headline Sponsor for the Finance & Supply Chains Theatre

The Hongkong and Shanghai Banking Corporation Limited is the founding member of the HSBC Group. HSBC serves customers worldwide from offices in 62 countries and territories. With assets of US$3,001bn at 31 March 2024, 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 2024:

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

In 2020, we set an ambition to become a net zero bank by 2050 and since then we have announced several significant policies and ambitions around climate and the transition. In January this year, we published our first Net Zero Transition Plan – setting out our strategic vision and approach to net zero.

We want to make financing choices that can lead to a meaningful impact on emissions reduction in the real economy, not just in our portfolio. Achieving this requires engagement with our clients and customers on their transitions to help finance decarbonisation in the sectors and regions with the most change ahead.

We believe we can do this best by promoting change in three key areas that play to our strengths as an organisation and can help deliver a broader impact on decarbonisation in the real economy: transitioning industry, catalysing the new economy, and decarbonising trade and global supply chains.

UN SDG goals that we align with:

• SDG 13 Climate Action

Legal Name: The Hongkong and Shanghai Banking Corporation Limited