HSBC Releases Corporate Responsibility Report
During 2006, HSBC’s CO2 emissions per person increased due to “a change in the type of energy we were able to purchase and an increase in air travel,” according to the report.
The financial giant says it has programs in place to reverse this trend.
Total CO2 emissions grew from 663,000 tons in 2005 to 813,000 tons in 2006.
HSBC’s carbon management strategy consists of three parts: manage and reduce its direct CO2 emissions; reduce the carbon intensity of the electricity it uses by buying green electricity where feasible; and offset the remaining emissions to achieve carbon neutrality. HSBC says that the offsets must be credible, genuinely incremental and cost-effective.
Stay Up-to-Date On Environmental Management, Energy & Sustainability News with EL's Free Daily Newsletter
Energy Manager News
- Don’t Go It Alone When Retrofitting
- LinkedIn Campus Gets Mobile EV Charging
- Many Vendors Vie for Lighting Controls Business
- Johnson Controls Opens Variable Refrigerant Flow (VRF) Training Center
- Acquiring Renewable Energy Should Be Easier, Facebook Says
- Energy Upgrades at School District Financed by NY Power Authority
- Fusing System Helps Solar Customers with Overcurrent Protection
- ABM Joins Balboa Park Sustainability Council