Sustainability Makes Good Business Sense: HSBC

HSBC Malaysia is partnering with Climate Governance Malaysia (CGM) to design and host a 4-part sustainability webinar series entitled “Understanding Sustainability and Climate Risks: A Series of Webinars to Future-proof your Business”. 

This webinar series will help businesses of all sizes, from SMEs to Large Corporates, to embark on their net-zero journey. Participating in this series are experts from Bursa Malaysia, Companies Commission of Malaysia (SSM), Ernst & Young, the Malaysia Semiconductor Industry Association, PWC and many others, 

Malaysia Chief Executive Officer Stuart Milne says the bank’s commitment to achieving carbon net-zero across its entire business and financed customer portfolio by 2050 has increased its role in helping customers in their transition to lower carbon business models

“We hope that this webinar series will provide practical advice for business leaders here in Malaysia. By working together, we can and will make real progress on humanity’s greatest ever challenge – achieving carbon net-zero by 2050.

“The vast majority of the customers we engage with are very aware that they need to have clear plans to transition to lower carbon business models. A critical mass now sees this as important for driving competitive advantage. But often they find it difficult to know how to approach the topic from a very practical perspective. 

“That is why we have curated several sustainability webinars with a first of its kind collaboration with Climate Governance Malaysia (CGM). The partnership is especially significant as this is the first time that CGM is partnering with a bank to help drive achievement of Malaysia’s sustainability ambitions.”

Here in Malaysia, it is clear that many companies are looking to address their knowledge gap in fully understanding how sustainability and climate change will impact their business, gaps in skill sets, and concerns on how to evolve their business models to become net zero.

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Corporates are also finding the adoption of sustainability a challenge with some corporates being very advanced in integrating sustainability into their business while others are just starting to figure things out.

According to HSBC’s Sustainable Finance and Investing Survey 2021, an astonishing 94% of companies plan to move away from environmentally- and socially- challenged business models over the next 5 years. 

And now 51% of companies say that paying attention to Environmental, Social, and Governance (ESG) issues can help improve returns and reduce risk, rather than just being a compliance matter.

At the same time, half of the issuers in the capital markets say that climate change is already impacting their business and 41% say that they need a lot of financial help and investment to meet their sustainability goals.

Meanwhile, 64% of American investors say that they are concerned about “greenwashing”, by their investee companies, reflecting how important ESG matters are to the investing community globally.

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