HSBC will spend $90 million over five years on a “Global Environmental Efficiency Program” to reduce the bank’s environmental impact through a series of initiatives, including the introduction of renewable energy technology, water and waste reduction programs and employee engagement.
Some of the projects already completed during the pilot phase of the program include:
Last month, HSBC announced a five-year, $100 million partnership to fund climate research through The Climate Group, Earthwatch Institute, Smithsonian Tropical Research Institute and WWF.
In May, the company also released a corporate responsibility report.
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