HSBC Launches $100 Million Climate Change Effort HSBC Launches
$100 Million Climate Change Initiative Financial services giant
HSBC has announced a five-year, $100 million partnership with
four environmental organizations to respond to the threat of
global climate change. Comprised of HSBC, the Climate Group, the
Earthwatch Institute, the Smithsonian Tropical Research
Institute, and the World Wildlife Fund, the HSBC Climate
Partnership will build on HSBC's previous five-year, $50 million
"eco-partnership," Investing in Nature, which concluded in 2006.
The latest commitment by the company represents both the largest
charitable donation ever made by a British company and the
largest contribution ever received by each of the nonprofit
partners. "By working with four of the world's most respected
environmental organizations and creating a 'green taskforce' of
thousands of HSBC employees worldwide, we believe we can tackle
the causes and impacts of climate change," said Paul Lawrence,
president and CEO of HSBC Ban