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On the road to net zero

A vision to shape a sustainable future

The escalating impact and financial cost of climate change on economies, societies and the physical environment make it more important than ever for HSBC Asset Management to support our clients to invest in the development of a more sustainable world. Key to this is alignment with the Paris Agreement to limit global warming to well below 2 degrees Celsius (target: 1.5 degrees) – a goal that involves reducing our own contribution to greenhouse-gas emissions as well as helping our customers achieve the same in their portfolios.

Erin Leonard,
Global Head of Sustainability

“Moving beyond pledges means making clear and defined commitments, and tracking progress towards them. Our approach to climate investing puts us on this path and we embrace the challenge of ensuring our clients’ money is managed in line with their goals, whether that be financial or sustainable”

Critical years ahead on the road to net zero

The next few years will be crucial if financial institutions, corporates, investors, regulators, consumers and all other stakeholders are to help set the world on a course to reach net zero by the middle of the 21st century. Delivering on an ambition of this magnitude will require all of us to play a role. HSBC Asset Management is leveraging its expertise across sectors, regions and asset classes, as well as developing the capabilities to deliver on this ambition, and is doing so with a forward-looking approach. We know that failing to invest in the changes needed to move towards a carbon-neutral economy, or to consider the impacts these changes will have on society, risks our collective future.

Achieving our goal requires us to take further steps to ensure we have the people, processes and culture to drive sustainable behaviour. With more than 20 years’ experience in improving our responsible-investing principles, we aim to apply our approach across our business, where appropriate. The prospect for driving positive change is especially strong in emerging markets, where our local expertise continues to offer new possibilities even as technological change, social unrest and climate disruption gather pace.

With change comes opportunity

Our mindset in climate investing spurs us to create innovative sustainable investment solutions to respond to the world’s challenges. It drives us to work with our clients, in response to their needs, to take the necessary steps to build extensive resources and expertise as part of the process of transition to a sustainable future. We continue to develop our investment capabilities in climate solutions, sustainable infrastructure, climate technology, renewable energy and natural capital. We are doing so to enable our clients to support these transition technologies with confidence.

Access our latest steps forward in net zero transition


Thermal coal policy

We will actively work with investors and company boards to support the transition away from thermal coal in the EU and OECD markets by 2030, and globally by 2040.


Energy policy

We support the transition of the energy sector towards the use of cleaner fuels, renewables and electrification.

Disclaimer

Today, we and many of our customers contribute to greenhouse gas emissions. We have a strategy to reduce our own emissions and to develop solutions to help our clients invest sustainably.

The information presented concerns the activity of HSBC Asset Management globally. We draw your attention on the fact that the numbers presented and the commitments listed are not necessarily a direct reflection of those of HSBC Asset Management in the various jurisdictions.

HSBC Asset Management is a signatory to the Net Zero Asset Managers initiative, with a 2050 net zero objective across all assets. It has set an interim target of reducing scope 1 and 2 carbon emissions intensity by 58 per cent by 2030 for 38 per cent of HSBC Asset Management’s assets under management. These assets under management in scope for the target consist of listed equity and corporate fixed income managed within its major investment hubs in UK, Hong Kong SAR, France, Germany and US, which amounted to USD193.9 billion at 31/12/2019. Implementation of the net zero targets remains subject to consultation with stakeholders including investors and fund boards on whose behalf we manage the assets. The 58 per cent target is based on assumptions for financial markets and other data, including the IEA Net Zero emissions by 2050 scenario and its underlying activity growth assumptions. Carbon emissions intensity measured as tCO2e/US$Mn invested, where emissions are scaled by enterprise values including cash. For more details, please refer to our webpage: https://www.netzeroassetmanagers.org/signatories/hsbc-asset-management/