As the world grapples with urgent challenges like climate disruption and social inequality, the need for change has never been more apparent. It is increasingly clear that businesses have a vital role ‒ and even a responsibility ‒ to work towards a more sustainable and equitable future. This is where environmental, social and governance (ESG) comes into play.
ESG is a framework used to evaluate a company’s performance and impact across these three crucial areas, providing the public with insight into the operations of the companies that colour and shape the world around us.
HSBC has always been a firm believer in the importance of transparency and corporate responsibility. In recent years the bank has implemented a robust and comprehensive ESG strategy that positions it as a major player in the push for a more sustainable banking sector.
HSBC’s ESG strategy has seen the bank place a great emphasis on combating climate change, as well as helping its customers transition to more sustainable practice. The bank is already making significant strides in its energy transition, having committed to net-zero emissions by 2030. HSBC is also committed to aligning both financed and investment emissions to net-zero by 2050.
Moreover, HSBC plans to publish a comprehensive climate transition plan this year, implementing transition pathways and climate solutions across the entire group, including Malta. In addition to updating its energy policy, HSBC is actively participating in the phase-out of coal and investment in greener technologies.
At a local level, the HSBC Malta Foundation is working with the Malta Chamber of Commerce, Enterprise and Industry on a project entitled ‘Establishing a Framework for Net Zero Buildings in Malta’. The aim of this project is to guide Malta towards achieving its climate goals by tackling the building and ..
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