This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/6703679.stm
The article has changed 7 times. There is an RSS feed of changes available.
| Version 2 | Version 3 |
|---|---|
| HSBC in $100m climate initiative | HSBC in $100m climate initiative |
| (20 minutes later) | |
| HSBC is backing a $100m (£50m) initiative to tackle climate change. | HSBC is backing a $100m (£50m) initiative to tackle climate change. |
| The UK's largest bank is joining forces with charities and environmental groups to try to address some of the global causes and effects of climate change. | The UK's largest bank is joining forces with charities and environmental groups to try to address some of the global causes and effects of climate change. |
| The partnership will fund efforts to protect the world's most important rivers and identify how cities can respond to environmental threats. | The partnership will fund efforts to protect the world's most important rivers and identify how cities can respond to environmental threats. |
| HSBC said it would create "a green taskforce", ensuring climate awareness was central to its own business. | HSBC said it would create "a green taskforce", ensuring climate awareness was central to its own business. |
| HSBC is the latest UK company to pledge changes to the way it operates in the face of calls for big business to do more to prioritise environmental concerns. | |
| 'Profound move' | 'Profound move' |
| HSBC is teaming up with climate campaigners the Climate Group, environmental groups the Earthwatch Institute and the Smithsonian Tropical Research Institute (STRI), and the conservation charity WWF in a five-year arrangement. | |
| We believe we can tackle the causes and impacts of climate change HSBC chairman Stephen Green | We believe we can tackle the causes and impacts of climate change HSBC chairman Stephen Green |
| By giving donations of close to $100m to the four bodies, HSBC said it would enable them to expand their climate-related research and undertake work in new countries such as China and India. | |
| Priorities include conducting research into the impact of climate change on the world's largest forests and improving management of freshwater systems to increase water security. | |
| HSBC chairman Stephen Green said he believed the partnership would achieve something "profoundly important". | HSBC chairman Stephen Green said he believed the partnership would achieve something "profoundly important". |
| HSBC DONATIONS Climate Group: $17mEarthwatch Institute: $35mSTRI: $8mWWF: $35m | |
| "By working with four of the world's most respected environmental organisations, we believe we can tackle the causes and impacts of climate change," he said. | "By working with four of the world's most respected environmental organisations, we believe we can tackle the causes and impacts of climate change," he said. |
| "Over the next five years HSBC will make responding to climate change central to our business operations and at the heart of the way we work with our clients." | "Over the next five years HSBC will make responding to climate change central to our business operations and at the heart of the way we work with our clients." |
| Urban action | |
| The Climate Group said its funding would be used to speed up action against global warming in five of the world's most polluted cities - London, New York, Hong Kong, Mumbai and Shanghai. | The Climate Group said its funding would be used to speed up action against global warming in five of the world's most polluted cities - London, New York, Hong Kong, Mumbai and Shanghai. |
| "Many of the solutions lie in cities," said its chief executive Steve Howard. | "Many of the solutions lie in cities," said its chief executive Steve Howard. |
| "We have a short period of time left to take action." | "We have a short period of time left to take action." |
| The partnership is modelled on a previous HSBC-funded environmental campaign, which ended last year. | |
| This $50m initiative helped save 12,000 plant species from extinction. |