Accountability Rating – Case studies

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HSBC

Ranked 3 in 2008 global Accountability Rating

Notable aspects of HSBC’s accountability performance include:

Through its wholesale business, Division One Mortgage in the US, HSBC anticipated the impacts of the mortgage crisis and proactively worked with customers to understand how increased payments would impact them.
HSBC has initiated a wide range of initiatives on climate change, including its global climate change benchmark index which helps clients develop ‘clean tech’ and non-fossil fuel energy solutions.
Working with small and medium-sized enterprises to build competitiveness in the low-carbon economy (e.g. sustainability insurance options).
Increased management of funds in ethical and SRI funds by 60% since 2006 to $2.4 billion.
Plays a key role in the continued development of the Equator Principles, and is a member of the Equator Principles Steering Committee and the leader of the Governance Working Group. In 2007, it helped to develop the management structure for the Equator Principles and is currently managing policy development on governance.