On the road to net zero
The escalating impact and financial cost of climate change on economies, societies and the physical environment make it more important than ever for HSBC Asset Management to support our clients to invest in the development of a more sustainable world. Key to this is alignment with the Paris Agreement to limit global warming to well below 2 degrees Celsius (target: 1.5 degrees) – a goal that involves reducing our own contribution to greenhouse-gas emissions as well as helping our customers achieve the same in their portfolios.
Erin Leonard,
Global Head of Sustainability
| Erin Leonard, Global Head of Sustainability |
“Moving beyond pledges means making clear and defined commitments, and tracking progress towards them. Our approach to climate investing puts us on this path and we embrace the challenge of ensuring our clients’ money is managed in line with their goals, whether that be financial or sustainable”
Critical years ahead on the road to net zero
The next few years will be crucial if financial institutions, corporates, investors, regulators, consumers and all other stakeholders are to help set the world on a course to reach net zero by the middle of the 21st century. HSBC Asset Management is leveraging its expertise across sectors, regions and asset classes, as well as developing the capabilities to deliver on this ambition, and is doing so with a forward-looking approach. We know that failing to invest in the changes needed to move towards a carbon-neutral economy, or to consider the impacts these changes will have on society, risks our collective future, including our clients' investment returns.
Helping our clients to meet their sustainable investment objectives requires us to ensure we have the people, processes and culture to drive sustainable behaviour. With more than 20 years’ experience in improving our responsible-investing principles, we aim to apply our approach widely in our business, but recognise that this is not an universal approach. HSBC Asset Management operates across a wide global footprint, in markets that have many different approaches to ESG and Sustainability.
With change comes opportunity
Our outlook for climate investing leads us to create innovative sustainable investment solutions to help our clients achieve their sustainable investment objectives. We continue to develop our investment capabilities in climate solutions, sustainable infrastructure, climate technology, renewable energy and natural capital. We do so to enable our clients to support these transition technologies with confidence.
Access our latest steps forward in net zero transition
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Thermal coal policy
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Energy policy
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This page presents information on the global sustainability strategy of HSBC Asset management. It is intended for informational purposes only and does not constitute investment advice or solicitation to buy or sell any financial product.
The figures and commitments discussed herein refer to global operations and may not apply uniformly across all jurisdictions or legal entities of HSBC Asset Management. Local implementation and compliance are subject to the relevant regulatory frameworks.
Targets related to carbon emissions and sustainability, including the interim goal of reducing Scope 1 and Scope 2 financed emissions intensity by 58 per cent between 2019 and 2030, are forward-looking and based on current market assumptions and data, including projections from the International Energy Agency (IEA). Such targets are aspirational in nature, not guaranteed, and may be adjusted as more data becomes available or methodologies evolve.
Any metrics, including carbon intensity expressed as tonens of CO2 equivalent per USD million invested, are subject to estimation uncertainty and should not be relied upon for decision-making. These targets remain subject to ongoing consultation with investors, fund boards and other stakeholders.
HSBC Asset Management is closely following the review of the Net Zero Asset Managers initiative and reserves the right to revise or update its commitments accordingly.