“Smart sustainable business practices deliver real prosperity for everyone,” says Linda Seymour, Executive Vice-President and Head of Commercial Banking at HSBC Bank Canada. “However, while many small companies are trying to do the right thing, they face intense competition, tight profit margins and the costs of meeting existing responsibilities.”
These findings were uncovered in a recent global HSBC survey of more than 1,400 decision makers in 14 countries, including Canada.
The survey found that the most important action companies can take to shift to more sustainable business practices is to set up a dedicated team responsible for implementing corporate social responsibility initiatives.
Other practical steps mentioned by business leaders include:
Sue Dujmovic, Head of Corporate Sustainability at HSBC Bank Canada, says the bank is taking action to support businesses. “As part of HSBC’s commitment to being a leader in sustainable finance, we have an important role to play in helping our customers transition to a low carbon future and are developing partnerships to provide Canadian businesses with the tools they need to support their sustainability efforts.”
One such partnership is HSBC’s support for the Climate Smart program.
Ms. Dujmovic says that this program “leverages the network of the Canadian Chambers of Commerce and Boards of Trade to help train small and medium-sized businesses on how to manage and reduce their greenhouse gas emissions.”
Through HSBC’s partnership, companies in Canada’s major markets are eligible for up to a CAD1,000 discount on the cost of the Climate Smart training and certification program. It’s estimated that HSBC’s support will eliminate 8,400 tonnes of CO2e – the equivalent of taking nearly 1,800 passenger vehicles off the road for one year.
Learn more about the Climate Smart program and registration costs.
This is just one of HSBC’s many investments in initiatives – both here in Canada and internationally – that are helping businesses make the transition to a competitive, prosperous and sustainable future.
For more information on the sustainability resources, partnerships and business practices that are essential to your organization’s long-term prosperity, contact your Relationship Manager today.
Learn more about HSBC’s leadership in sustainable finance.
The information presented is not meant to be comprehensive and does not constitute financial, legal, tax or other professional advice. You should not act upon the information contained in this document without first obtaining specific professional advice. While reasonable care has been taken in preparing this document, HSBC does not make any guarantee, representation or warranty (express or implied) as to its accuracy or completeness. The information presented in this document is subject to change without notice.
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Issued by HSBC Bank Canada ("HSBC")