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HSBC Hongkong headquarters

about HSBC

Headquartered in London, HSBC is one of the largest banking and financial services organisations in the world. HSBC operates from around 9,500 offices in 86 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. HSBC provides a comprehensive range of financial services: personal financial services; commercial banking; corporate, investment banking and markets; private banking; and other activities.

With listings on the London, Hong Kong, New York, Paris and Bermuda stock exchanges, shares in HSBC Holdings plc are held by around 200,000 shareholders in some 100 countries and territories. The shares are traded on the New York Stock Exchange in the form of American Depositary Receipts. The HSBC Group is named after its founding member, The Hongkong and Shanghai Banking Corporation Limited, which was established in 1865 to finance the growing trade between China and Europe

ownership

listed on Bermuda Stock Exchange, Hong Kong Stock Exchange, London Stock Exchange, NYSE Euronext

headquarters

8 Canada Square
E14 5HQ London
United Kingdom

supervisor

Bank of England

CEO/chair

Douglas Flint
Group Chairman

annual reports

Sustainability Report 2012
Annual report and accounts 2012

website >>

banktrack contact

Johan Frijns - BankTrack coordinator

voluntary initiatives:

investment policies of HSBC

Chemicals industry sector guideline

Jun 19, 2012 | HSBC

date listed represents date accessed on website.

Defence equipment sector policy

Jun 19, 2012 | HSBC

date listed represents date accessed on website.

Energy Sector Policy

Jan 24, 2011 | HSBC

The UN Principles for Responsible Investment (UNPRI)

May 01, 2010 | HSBC Global Asset Management

Discusses HSBC's commitment to uphold the UN Principles for Responsible Investment

Forest land and forest products sector policy

Sep 01, 2008 | HSBC

Summary of the banks sectoral policy covering all lending, financing, equity, etc. activities in forestry, logging; timber…

Mining and Metals sector policy

May 01, 2007 | HSBC

the bank's policy on financing uranium mining

Freshwater infrastructure sector guideline

May 01, 2005 | HSBC

HSBC freshwater infrastructure sector guideline

HSBC and oil palm

Jul 06, 2004 | HSBC

HSBC statement on oil palm and related industries

HSBC Environmental risk standard

Jun 06, 2003 | HSBC

HSBC Environmental risk standard

sector and issue policies (status 2010)

Early in 2010, BankTrack reviewed the publicly available sector and issue policies of HSBC to assess how these policies dealt with social and environmental issues and met international best practice for a particular sector or issue. Go here for the report.

headquarters

8 Canada Square
E14 5HQ London
United Kingdom

supervisor

Bank of England

CEO/chair

Douglas Flint
Group Chairman

annual reports

Sustainability Report 2012
Annual report and accounts 2012

website >>

banktrack contact

Johan Frijns - BankTrack coordinator

Bauxite mine Niyamgiri Hills

India

On October 5th, 2004 an official agreement was signed between the Orissa Mining Corporation (OMC) and Sterlite Industries, a subsidiary of Vedanta Resources plc, for the…

Canadian tar sands

Canada

In the Canadian Boreal forest just downstream of the eastern foothills of the Rocky Mountains are the Canadian tar sands. The region contains some 2 trillion barrels of oil,…

Greenland Arctic drilling

Greenland

The United States Geological Survey estimates that 30% of the world's undiscovered gas and 13% of the world's undiscovered oil is to be found north of the Arctic Circle.…

HidroAysén dam

Chile

HidroAysén - owned by European company Endesa and Chilean company Colbun - plans to dam two of Chile's most powerful and pristine rivers, the Baker and Pascua Rivers.…

Jaitapur nuclear power plant

India

The Jaitapur project plans to host two European Pressurised Reactors (EPRs) of 1,650 MWe each, with possible extension by four additional units. The Generation III+ class…

Kusile coal power plant

South Africa

The Kusile coal fired power plant project is located in the province of Mpumalanga, in South Africa. With 4800MW, it will be one of the largest power plants of its kind in…

Shwe gas and pipelines projects

Myanmar

The ‘Shwe' (meaning ‘golden' in Burmese) projects entail exploitation of underwater natural gas deposits off the coast of western Burma's Arakan State and dual…

Tufanbeyli coal power plant

Turkey

Enerjisa, the Turkish electricity producer owned by E.ON and Sabanci, is building a new coal power plant in Tufanbeyli, commonly known as Enerjisa 2.5. The lignite-fired…

check dodgy deals on record

dodgy deals on record

Belene nuclear power plant

Bulgaria

The Belene nuclear power plant (NPP) is planned to be sited at the bank of the Danube River, which forms the border between Bulgaria and Romania. Technical design and construction…

Block 31, Yasuni National Park

Ecuador

Ecuador's Yasuni National Park is threatened by planned oil development by the Brazilian oil company Petrobras. The oil development will take place in Block 31, two thirds…

Grasberg gold and copper mine

Indonesia

The Grasberg mine, located in the indonesian province of Papua, on the island New Guinea, just north of Australia, is being run by the mining company Freeport McMoran. The…

Toka Tindung gold mine

Indonesia

Toka Tindung is about 35 km north east of Manado, the capital of the Indonesian Province of North Sulawesi. The project entails the development of six open-pit gold mines…

headquarters

8 Canada Square
E14 5HQ London
United Kingdom

supervisor

Bank of England

CEO/chair

Douglas Flint
Group Chairman

annual reports

Sustainability Report 2012
Annual report and accounts 2012

website >>

banktrack contact

Johan Frijns - BankTrack coordinator

BankTrack has identified controversial issues with the companies listed below that require attention from HSBC.

Areva

France

If you imagine the global nuclear industry as a giant web, AREVA is the fat, radioactive spider at its centre, greedily looking for new prey. It has manufacturing facilities…

E.on

Germany

E.ON is a German electricity company headquartered in Düsseldorf and is one of the big global players in energy production. E.ON operates along the entire value chain…

EDF

France

Like its rival and fellow French multinational AREVA, Électricité de France (EDF) is one of the biggest players in the global energy game. In fact, with more…

Enel

Italy

As Italy's largest power company and Europe's second largest according to its generating capacity, Enel is another one of the titans of the energy industry. Its interests…

GDF Suez and International Power

France

Recently, two big European electricity utilities, GDF Suez and International Power, have signed a memorandum of understanding to establish the largest independent electricity…

RWE

Germany

Europe's second largest electricity generator and one of Europe's five leading gas and electricity companies. Founded in 1898, the company has grown to supply electricity…

Samling

Hong Kong

The Samling group, which is based in the Malaysian state of Sarawak on Borneo, is one of Malaysia's biggest logging companies and responsible for the ongoing destruction…

Textron

United States

Textron is a multi-industry company, consisting of numerous subsidiaries and operating units. One subsidiary is Textron Systems, which is active in the defence, homeland…

Vedanta Resources

United Kingdom

Vedanta Resources is a mining company. It produces aluminum, copper, lead and zinc. Vedanta has a strong position in India, where its founder Anil Agarwal was born, but is…

headquarters

8 Canada Square
E14 5HQ London
United Kingdom

supervisor

Bank of England

CEO/chair

Douglas Flint
Group Chairman

annual reports

Sustainability Report 2012
Annual report and accounts 2012

website >>

banktrack contact

Johan Frijns - BankTrack coordinator

	= dodgy deal
	= company profile

headquarters

8 Canada Square
E14 5HQ London
United Kingdom

supervisor

Bank of England

CEO/chair

Douglas Flint
Group Chairman

annual reports

Sustainability Report 2012
Annual report and accounts 2012

website >>

banktrack contact

Johan Frijns - BankTrack coordinator

2013 2012 2011 2010 2009 2008 2007 2006

internal

Senior HSBC bankers need to face jail for their bank’s role in laundering drugs money

Dec 11, 2012 | Global Witness

Today, Europe's largest bank, HSBC, announced that it will pay $1.9 billion (£1.2 billion) to settle allegations that…

HSBC rakes in US$130 million bankrolling rainforest destruction and human rights abuses in Malaysia’s corrupt forestry sector

Nov 02, 2012 | Global Witness

HSBC has bankrolled logging companies causing widespread environmental destruction and human rights abuses in Sarawak, Malaysia,…

“World’s favorite bank” HSBC “left U.S. vulnerable to dirty money”

Jul 17, 2012 | Global Witness

According to the chair of a U.S. Senate subcommittee, HSBC's "pervasively polluted" culture allowed money launderers, drug…

“Nuclear Banks, No Thanks!” coalition welcomes cancellation Belene nuclear plant

Mar 29, 2012 | Coalition “Nuclear Banks, No Thanks!”

Yesterday, the Bulgarian government officially announced the cancellation of the Belene nuclear power project. BankTrack…

Don’t bank on the bomb

Mar 05, 2012 | ICAN

A groundbreaking report released today by ICAN identifies more than 300 banks, pension funds, insurance companies and asset…

New report: European banks fuelling food price volatility and hunger

Jan 12, 2012 | Friends of the Earth Europe

European banks, pension funds and insurance companies are increasing global hunger and poverty by speculating on food…

external

Log tale - A new investigation accuses HSBC of ignoring its own sustainability policies

Nov 03, 2012 | Economist | Economist

BankTrack not satisfied with new draft of Equator Principles

Oct 17, 2012 | Social Funds

Equator Principles goes beyond project finance, improves transparency

Aug 13, 2012 | Christopher Cundy | Environmental Finance

internal

Bankrolling Climate Change

Nov 30, 2011 | urgewald, Earthlife, BankTrack and groundWork

Today, the German environment organisation urgewald, the South African social and environmental justice organisations groundWork…

French banks : a citizen rating reveals what is going on underneath their activities

Nov 02, 2011 | Les Amis de la Terre and Attac France

Nice and Paris, November 2, 2011 – A day before the opening of the G20 in Cannes, and while the financial turmoil…

BankTrack to Equator Principles banks; ‘get the Outside Job done’

Oct 23, 2011 | BankTrack

BankTrack, the global NGO network monitoring private sector bank operations, calls upon the Equator Principles Financial…

FSA reveals British banks are failing to turn down corrupt funds

Jun 22, 2011 | Global Witness

Global Witness welcomes today's recognition by the Financial Services Authority (FSA) that the majority of Britain's banks…

Protest mounts against earthquake prone nuke plant

May 20, 2011 | Karuna Raina, Greenpeace

Since its earliest stages, the proposed Nuclear Power Plant at Jaitapur has faced concerned opposition from local people…

One month into Fukushima disaster, HSBC signs advisory contract for nuclear power plant in earth quake zone

Apr 01, 2011 | BankTrack

Exactly one month after the start of the Fukushima disaster, HSBC signed an agreement to analyse and find investors for…

Don’t make it easier for dictators to steal

Feb 24, 2011 | Global Witness

This comment piece by Anthea Lawson, the head of Global Witness's Kleptocracycampaign, was published in the Financial…

HSBC takes a step away from tar sands

Jan 26, 2011 | Brant Olson, Rainforest Action Network

This week, HSBC became the second international bank in as many months to take a step away from financing in the Tar Sands.…

internal

British banks complicit in Nigerian corruption, court documents reveal

Oct 11, 2010 | Global Witness

British high street banks have accepted millions of pounds in deposits from corrupt Nigerian politicians, raising serious…

New rules for Equator Principles, but no new commitments from banks

Jul 01, 2010 | BankTrack

The new governance rules for the Equator Principles that are adopted today by the Equator Principles Association may improve…

BankTrack calls on banks to stop funding nuclear power

May 26, 2010 | BankTrack

BankTrack, in cooperation with a number of working partners, today launches www.nuclearbanks.org, a new website mapping…

BankTrack calls upon banks to Close the Gap on investment policies

Apr 27, 2010 | BankTrack

BankTrack, the international NGO network monitoring the banking sector, today presents Close the Gap, an extensive research…

Top financial institutions invest over US$43 billion in producers of cluster bombs

Apr 14, 2010 | Netwerk Vlaanderen/ IKV PaxChristi

Almost a year and a half after the historic signing of the Convention on Cluster Munitions (CCM) in Oslo in December 2008,…

Equator Principles: Action, not words needed

Mar 15, 2010 | BankTrack

BankTrack, the international NGO network monitoring commercial bank operations, today welcomes the take over by Citi of…

Civil society organizations demand reform of World Bank Group lending to private corporations

Mar 11, 2010 | Ciel/ International Accountability Project, CRBM

Today, nearly 100 civil society organizations from 38 countries are demanding that World Bank Group lending to private corporations…

UK Taxpayers' money involved in financing controversial tar sands companies

Mar 01, 2010 | Platform

New report exposes RBS involvement in Canada's "blood oil" Bank executives meet in Toronto and discuss concerns about public…

28 countries accused of facilitating money laundering … but key offenders missing

Feb 18, 2010 | Global Witness

An international financial crime watchdog has named and shamed countries that are failing to stop dirty money entering…

Civil society groups call for bold steps forward with Equator Principles

Jan 14, 2010 | BankTrack

Close to a hundred civil society organisations from more than 25 countries* today sent an open letter to all banks and financial…

internal

Top financial institutions still invest US$20 billion in cluster bombs

Oct 29, 2009 | Netwerk Vlaanderen

Almost one year on from the historic signing of the Convention on Cluster Munitions in Oslo in December 2008, 138 financial…

BankTrack members unveil bank secrets

Jun 25, 2009 | CRBM

Campagna per la Riforma della Banca Mundiale (Italy), Friends of the Earth (France), Netwerk Vlaanderen (Belgium), Platform…

Carbon Principles and Climate Principles will not stop melting of the ice

Mar 30, 2009 | BankTrack

A new report by BankTrack, ‘Meek Principles for a Tough Climate’, launched today at the start of…

Major banks facilitate corruption in world's poorest countries; government regulation is not working

Mar 11, 2009 | Global Witness

As G20 finance ministers meet in London to discuss how to rescue the global financial system and prevent the next disaster,…

headquarters

8 Canada Square
E14 5HQ London
United Kingdom

supervisor

Bank of England

CEO/chair

Douglas Flint
Group Chairman

annual reports

Sustainability Report 2012
Annual report and accounts 2012

website >>

banktrack contact

Johan Frijns - BankTrack coordinator

our publications

In the future, there will be no forests left.

HSBC rakes in US$130 million bankrolling rainforest destruction and human rights abuses in Malaysia’s corrupt forestry sector

Nov 02, 2012 | Global Witness

Farming money

How European banks and private finance profit from food speculation and land grabs

Jan 12, 2012 | Friends of the Earth Europe

Bankrolling climate change

A look into the portfolios of the world`s largest banks

Nov 30, 2011 | urgewald/banktrack/groundwork

a new report to unveil the largest investors in the global coal industry

Synthèse - Les banques sous pression citoyenne : l’heure de rendre des comptes

Nov 02, 2011 | Les Amis de la Terre/Attac

Evaluates the practices of the 10 main banking groups operating in France in five areas of their activity : financial stability,…

The Outside Job

Turning the Equator Principles towards people and planet

Oct 23, 2011 | BankTrack

International thief thief

Oct 11, 2010 | Global Witness

How British banks are complicit in Nigerian corruption

Close the Gap

Apr 27, 2010 | BankTrack

Benchmarking investment policies of international banks

Summary Table 'Hall of Fame and runners-up'

Apr 01, 2010 | Netwerk Vlaanderen, IKV PAX Christi

A short version of the 'Hall of Fame and runners-up'-document. Both taken from the report: "Worldwide Investments in Cluster…

Worldwide investments in CLUSTER MUNITIONS, a shared responsibility

Oct 01, 2009 | Netwerk Vlaanderen, et. al.

Report on financial institutions’ investment in companies that develop or produce cluster munitions..

Meek Principles for a Tough Climate; Why the Climate and Carbon Principles will not stop the melting of the ice

Mar 01, 2009 | BankTrack

Cashing in on coal: RBS, UK banks and the global coal industry

Aug 01, 2008 | Platform

Report on the role in the last two years of the (RBS), HSBC and Barclays in providing and arranging the financial means…

French banks, Fossil banks?

Mar 06, 2007 | Les Amis de la Terre

The climate impacts of the activities of French banks. Executive summary, in English

correspondence

2011 2010 2006

Letter from Amigos da Terra- Amazonia Brasileira to HSBC on Belo Monte

Oct 25, 2011 | Amigos da Terra- Amazonia Brasileira

Letter from Amigos da Terra- Amazonia Brasileira to HSBC on Belo Monte

Oct 25, 2011 | Amigos da Terra- Amazonia Brasileira

Letter from Equator Principles steering cie to BanktTack on EPFI review process

Dec 21, 2010 | Equator Principles steering cie

Letter from BankTrack to EPFIs on issues around Equator Principles Review process

Dec 18, 2010 | BankTrack

Issues around Equator Principles Review process

Letter from EPFI Association to International Finance Corporation on Phase II Consultation of IFC Performance Standards

Jul 28, 2010 | EPFI Association

Letter from Equator Principles Financial Insititutions to BankTrack on EPFI meeting Switzerland

Mar 29, 2010 | Equator Principles Financial Insititutions

Letter from BankTrack to Equator Principles Financial Institutions on stocktaking of Zuerich meeting

Feb 11, 2010 | BankTrack

Letter from BankTrack to Equator banks on NGO concerns about consultation process Equator Principles

Mar 22, 2006 | BankTrack

Letter directed to EP banks and convenor Jon Williams of HSBC stating NGOs concern about consultation process Equator Principles.…

annual reports

Sustainability Report 2012

May 22, 2013 | HSBC Holdings plc

Annual report and accounts 2012

connecting customers to opportunities

Apr 02, 2013 | HSBC Holdings plc

Annual report and accounts 2011

Jun 19, 2012 | HSBC

date listed represents date accessed on website.

Sustainability Report 2011

Jun 19, 2012 | HSBC

date listed represents date accessed on website.

Sustainability Report 2010

May 25, 2011 | HSBC

Annual reports and annual accounts 2010

May 05, 2011 | HSBC

csr policies

Chemicals industry sector guideline

Jun 19, 2012 | HSBC

date listed represents date accessed on website.

Defence equipment sector policy

Jun 19, 2012 | HSBC

date listed represents date accessed on website.

Energy Sector Policy

Jan 24, 2011 | HSBC

The UN Principles for Responsible Investment (UNPRI)

May 01, 2010 | HSBC Global Asset Management

Discusses HSBC's commitment to uphold the UN Principles for Responsible Investment

Forest land and forest products sector policy

Sep 01, 2008 | HSBC

Summary of the banks sectoral policy covering all lending, financing, equity, etc. activities in forestry, logging; timber…

Mining and Metals sector policy

May 01, 2007 | HSBC

the bank's policy on financing uranium mining

Freshwater infrastructure sector guideline

May 01, 2005 | HSBC

HSBC freshwater infrastructure sector guideline

HSBC and oil palm

Jul 06, 2004 | HSBC

HSBC statement on oil palm and related industries

HSBC Environmental risk standard

Jun 06, 2003 | HSBC

HSBC Environmental risk standard

bank documents

HSBC's Project Belene (financial modelling presentation).

Presentation of the Operational Model

Apr 24, 2012 | HSBC

Communication on Progress to the UN Global Compact 2008

Aug 26, 2009 | HSBC

About Global Compact

Summary of sustainability risk policies, including nuclear power

May 23, 2008 | HSBC

a matrix of sector policies, out of HSBC Sustainability Report 2007, p.22

Carbon neutrality plan

Feb 16, 2008 | HSBC

On internal carbon neutrality.

CSR committee charter

Jun 10, 2006 | HSBC

HSBC Corporate social responsibility committee charter.