Green Nature

Back to Sustainability for business in China

In 2021, HSBC officially launched its Climate Solutions Partnership that aims to invest a total of RMB 100 million over the next five years in support of a series of climate initiatives in mainland China, including energy transition, nature-based solutions and low-carbon technology innovation, in order to achieve a net zero, resilient and sustainable future.

Energy Transition

In 2021, HSBC joined up with Beijing Entrepreneur Environmental Protection Foundation (SEE Foundation), World Resource Institute (WRI), World Wide Fund for Nature (WWF) and other environmental partners to launch a series of philanthropic initiatives on the sustainability transitional pathways for different sectors, standard-setting and resource optimization, in order to accelerate low carbon technology innovation and help build green supply chains.

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Green supply chain campaign for the real estate and electronics sector: This project is designed to help businesses from the real estate and electronics industry in identifying green development models, raise awareness in sustainability supply chain management, and promote green transition of these sectors. As a key output of this project, the inaugural “green list” was released by the SEE Foundation in June 2021 that includes the first batch of green developers in China, in order to spearhead standard-setting for green procurement practices in China’s real estate sector.
Climate expert initiative for Asia’s textile sector: Under this project, innovative approaches such as empowerment training, knowledge system development, and platform building are adopted to raise sustainability awareness among textile experts and improve supply chain management so that these climate-savvy experts can help promote sector-wide carbon emission reduction.
Application of low-carbon technologies in the textile sector: This project features a partnership with professional bodies to explore the application of low-carbon technologies in the textile sector. Under this project, a platform for innovation is being developed and promoted to better commercialize and utilise green technologies, improve information transparency and help reduce emissions in the textile sector.
Energy transition solutions for China’s industrial and commercial sectors: Innovative solutions and tools for sustainable energy are provided to certain businesses in key sectors to boost their green development. Proactive actions are taken to support government authorities with policy recommendations for green transformation of the market.

Nature-Based Solutions

HSBC has been partnering with environmental NGOs in initiatives for ecosystem restoration and sustainable palm oil advocacy, in order to enhance biodiversity, create a stable ecosystem and facilitate Earth’s environmental recovery.

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Ecosystem restoration: In 2021, the HSBC-funded "Nature-based Solutions" series of environmental projects were officially launched in demonstration sites in Sichuan, Yunnan, Beijing and Guangdong for restoration of forests, inland wetlands and coastal wetlands, helping these regions to enhance biodiversity, maintain well-functional ecosystems and increase carbon sinks to address and adapt to climate change, so as to contribute ideas and experience to ecological restoration efforts in China.
Sustainable palm oil: To support environmental protection and inspire more Chinese businesses and consumers to purchase and use sustainable palm oil, HSBC has joined up with the WWF in an ongoing project on sustainable palm oil in Asia since 2018, in order to advance multi-stakeholder exchange and collaboration for sustainable development of the palm oil industry, eco-conservation and a greener planet.

Low-Carbon Technology Innovation

Since 2018, HSBC has been partnering with local NGOs in implementing the HSBC China Social Enterprise Support and Incubation Programme to promote the development of social enterprises in China by leveraging the bank's financial expertise and experience in serving SMEs.

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HSBC China Social Enterprise Support and Incubation Programme: In 2021, Phase III of the HSBC China Social Enterprise Support and Incubation Programme was launched with a focus on scaling up climate innovation ventures in the context of China's transition towards a low-carbon economy. Through empowerment training and network support, the programme aims to establish connections among small, medium and large businesses. So far, under Phase III, 17 start-ups have been able to identify their development models and access more partners and, as a result, have transferred cleaner technology to 6 large corporates in support of their green transformation, thereby benefitting over 20 million people with sustainable products.

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