HSBC to launch USD 90 mn environmental project

Mumbai, Jul 2 (UNI) HSBC will launch USD 90 million Global Environmental Efficiency Programme, which will be carried out in next five years, to reduce the bank's impact on environment.

This will be done through a series of initiatives, including the introduction of renewable energy technology, water and waste reduction programmes and employee engagement, said the bank.

The Programme will enable its offices worldwide to showcase environmental innovation and share best practices that will help to achieve environmental reduction targets.

The measures include Benchmarking and developing of flagship buildings to recognise environmental standards, reducing energy and water consumption, carbon dioxide emissions and waste production.

''HSBC is determined to develop a sustainable business. Our shareholders, customers and employees consider these issues to be important and this programme clearly demonstrates our continuing progress in placing sustainability at the very core of how we do business,'' said Simon Martin, HSBC Head of Group Sustainability and Corporate Responsibility.

The programme will be reviewed annually to consider the success of trials, emerging technology, innovation and business needs, he said.

UNI