Climate change is caused by human emissions of greenhouse gases associated with electricity and heat production, industry, buildings, transport, and land use. Climate change impacts the planet through higher temperatures, an increase of extreme weather events, changing precipitation patterns, rising sea levels, and ocean acidification. It disrupts ecosystems and human livelihoods, particularly of vulnerable groups such as women, children, and the elderly as resources, food, and water become more scarce.

GE has made a commitment to focus on more renewable energy in its entire product line up, this of course is a company with more than 125 years of experience across the electricity industry and for it to make a commitment, the future seems to be on cleaner energy source.

Reinforcing this statement, Vic Abate, GE Senior Vice President and Chief Technology Officer and former CEO of both GE’s Gas Power and Renewables businesses “we’re prioritising investment in technologies to cost-effectively scale renewables and to move toward net zero gas power with advances in hydrogen and carbon capture technologies".

A bold new climate ambition and unprecedented support for customers and colleagues during the COVID-19 pandemic are some of HSBC’s latest environmental, social and governance (ESG) highlights. The ESG information, now set out more extensively in the Annual Report and Accounts 2020, explains the action that HSBC is taking to meet its responsibilities to customers, communities and other stakeholders around the world.

Group Chief Executive Noel Quinn said: “Opening up a world of opportunity’ is more than a purpose – it is a statement of intent. Everything that we plan to do over the next decade is designed to unlock opportunity for our stakeholders, whether customers, colleagues, shareholders or communities.”