HSBC Announces US$100 Million Programme to Combat Climate Cha
HSBC announces US$100 million programme to combat climate chan... http://www.hsbc.com/1/2/newsroom/news/news-archive-2007/hsbc-a... The world's local bank HSBC announces US$100 million programme to combat climate change worldwide 30 May 2007 New environmental coalition will tackle climate change impacts for people, forests, water and cities HSBC has created a five-year, US$100 million partnership to respond to the urgent threat of climate change worldwide with the support of The Climate Group, Earthwatch Institute, Smithsonian Tropical Research Institute (STRI) and WWF. The HSBC Climate Partnership will: help some of the world's great cities – Hong Kong, London, Mumbai, New York and Shanghai - respond to the challenge of climate change; create 'climate champions' worldwide who will undertake field research and bring back valuable knowledge and experience to their communities; conduct the largest ever field experiment on the world's forests to measure carbon and the effects of climate change; and help protect some of the world's major rivers - including the Amazon, Ganges, Thames, and Yangtze - from the impacts of climate change, benefiting the 450 million people who rely on them. Speaking at the London news conference to launch the programme, Sir David Attenborough, one of the world's best known broadcasters and a pioneer of the nature documentary, said, "As we increase the production of greenhouse gases, we face the very real prospect of causing irreversible damage to the Earth's more fragile eco-systems. We are not powerless if we act now, collectively and decisively. We can significantly reduce the causes of climate change and greatly improve the chances of safeguarding for future generations the spectacular diversity of life on Earth." HSBC Group Chairman Stephen Green said, "The HSBC Climate Partnership will achieve something profoundly important.
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