Community

Sustainability

HSBC India’s strategy to support sustainable economic growth, focuses on Community Investment (CSR interventions), Sustainable Operations, Sustainable Finance and Sustainability Risk. The strategy is delivered through a combination of programmes, collaboration, and partnerships. We believe it requires a concerted effort between business, governments and other stakeholders on policies and programmes to support the transition to a more sustainable future.

Corporate Social Responsibility

The Hongkong and Shanghai Banking Corporation Ltd., India is committed to Corporate Social Responsibility (CSR) and demonstrates this by contributing to the economic and social development of the communities and safeguarding the environment. While these two components are universal and will be at the centre of most sustainability initiatives, there are various components which make up this huge canvas.

Read about HSBC India’s Corporate Social Responsibility Policy

Environmental sustainability

HSBC India’s environmental sustainability portfolio supports projects that conserve natural resources (soil, water and biodiversity) and furthers environmental protection. In addition, we are working to design, demonstrate and scale unique solutions to address the impacts of climate change on the communities and the environment.

Climate Solutions Partnership

Climate change impacts are being faced by communities, businesses, and the environment across the globe. Tackling this problem requires innovative and path breaking solutions that urgently reduce global warming and build resilience of vulnerable communities. HSBC, World Resources Institute (WRI) and World Wide Fund for Nature (WWF) joined hands to fast-track innovative climate solutions in Asia under the Climate Solutions Partnership (CSP). The Partnership is focusing effort on two themes: energy transition and nature-based solutions, to make a significant impact in the mission to achieve a net zero, resilient and sustainable future.

In India, the partnership is implementing energy transition and nature-based solutions across eight states. Its multi-faceted work on energy security and nature protection is delivering significant carbon benefits while building the adaptive capacity of vulnerable communities to cope with the impacts of climate change.

Partners are bringing energy security in far flung areas of rural India through energy transition initiatives that improve incomes, health and nutrition. Distributed renewable energy solutions in Jharkhand, Assam and Maharashtra are strengthening rural health care systems through improved access and delivery. Renewable energy based milk chillers are poised to drastically reduce milk wastage in the dairy value chain and improve farmer incomes. In Sundarbans, productive use of renewable energy is generating new income opportunities for fish and farm-dependent communities.

Initiatives supported under nature-based solutions are ensuring conservation of key ecological regions such as wetlands, mangroves and forests at the same time providing sustainable livelihoods while building community resilience.

Climate change solutions

Climate change is threatening the future of humanity. The need of the hour is to reduce global warming and build resilience among vulnerable communities. HSBC India, WWF and WRI have joined forces to deliver energy transition and nature-based solutions under the Climate Solution Partnership In India. The aim is to deliver significant carbon benefits while building adaptive capacities of vulnerable communities.

Promoting education

HSBC India is supporting initiatives that invest in future skills, build financial capabilities, enhance employability and entrepreneurship. In addition, projects that advance social inclusion (age, abilities, gender, sexual orientation).

Future skills

The projects supported under future skills aim to tackle multi-faceted challenges in India’s skilling ecosystem such as low female participation in workforce, lack of appropriate training modules and faculty, gap between training and industry requirements, and insufficient opportunities to integrate rural youth into the workplace. Women are also trained on various aspects of financial inclusion including tools and platforms to digitally repay loans.

Diversity and inclusion

The projects supported under diversity and inclusion build upon employability skills and self-entrepreneurship opportunities for people with special needs including visual, locomotor and intellectual disability and transgender communities.