The bank aims to reduce its carbon emissions as its parent company, HSBC Holdings PLC, earlier this month said it targets to reduce emissions in its daily operations and supply chains to net zero by 2030, as well as net zero emissions of its portfolio of customers by 2050, it said. HSBC Taiwan has adopted measures to make its branches and offices eco-friendly and cut their power consumption, such as installing automatic sensors that turn off lights when there is enough daylight and after business hours, HSBC Taiwan corporate sustainability head Ruth Lee (李清如) said. HSBC Taiwan is considering to use more renewable energy sources to further improve its carbon footprint, although it still needs to talk to the landlords of its offices and persuade them to purchase green energy, Lee said. HSBC Taiwan would continue granting loans to local renewable energy developers such as wind or solar power developers, as well as providing financing to companies in other sectors to help them reduce carbon emissions, the bank’s chief risk officer Angus Tsang (曾德誼) said. HSBC Holdings said it aims to provide US$750 billion to US$1 trillion by 2030 to customers to help them become more sustainable.

Source: Taipei Times October 18, 2020 15:56 UTC