HSBC Group recognises that environmental, social and corporate governance (ESG) factors, which includes climate change, can have a significant impact on individuals, businesses and communities across the world. HSBC Group is committed to accelerating the transition to a low-carbon global economy via financial services. In 2020, the next phase of the Group’s climate ambition was published. This includes the commitment to become a net-zero bank; supporting customers to thrive through the transition; and to unlock the next-generation of climate solutions. Central to this ambition is to reduce financed emissions to net zero by 2050 or sooner, in line with the Paris Climate Agreement. In doing so, HSBC Group aims to facilitate between USD750 billion and USD1 trillion of finance and investment by 2030 to support our clients. More information on HSBC Group’s approach to ESG factors can be found at hsbc.com.
As a leading international bank, HSBC Bank plc, Jersey Branch has a critical role to play. We are proud to support our clients’ aspirations to make a positive change in the world through investments and wealth planning.
In compiling and maintaining the suite of Discretionary Portfolio Services, Funds, and insurance-based investment products we advise on, we take into account, among other factors, information manufacturers of these products (e.g. asset managers) are required to disclose about how they integrate ESG risks into their investment decision making processes, including the likely impacts of ESG risks on the returns of financial products. This includes, where applicable, if they consider the impact of their investment decisions on sustainability factors (i.e., environmental, social and employee matters, respect for human rights, anti-bribery, and anti-corruption matters). As part of this process, our specialist due diligence teams engage with product manufacturers to understand how they integrate these factors into their investment decision making through research, analysis, due diligence, and portfolio construction.
Should you require further details on how ESG risks are incorporated in the products on which we advise, please contact us or speak to your Relationship Manager.
Information on how our remuneration policy is consistent with the integration of sustainability risks can be found in the latest HSBC Holdings plc Annual Report and Accounts, under ‘Link between risk, performance and reward’.