HSBC announces $50 million partnership to fund conservation projects

HSBC announces $50 million partnership to fund conservation projects

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HSBC is creating a US$50 million eco-partnership over five years to fund conservation projects around the world. By making the largest ever single donations to three charities, WWF, Botanic Gardens Conservation International (BGCI) and Earthwatch, the new Investing in Nature programme will:

  • Clean up three of the world’s major rivers, benefiting 50 million people who depend upon them;
  • Help save 20,000 rare plant species from extinction;
  • Train 200 scientists and send 2,000 staff to work on vital conservation research projects worldwide.

Over five years, the partnership will:

Resuscitate three of the world’s major rivers
With HSBC’s US$18.4 million funding, WWF will restore 2 million hectares of river basin habitats in the Amazon in Brazil, the Yangtze in China and the Rio Grande in the US, returning the natural flow of rivers, protecting fish and other freshwater species, and securing fresh drinking water for millions. In the UK, WWF will work to protect and restore freshwater habitats in line with new EU legislation and create a public awareness programme about water and water usage.

Help to halt global plant extinction
A US$11.6 million donation to Botanic Gardens Conservation International will fund a living gene bank in botanic gardens around the world to protect 20,000 endangered plant species. BGCI will also raise public awareness of the value of plants through its 500 member gardens in 111 countries, revitalising conservation in 16 major gardens in Argentina, Brazil, India, Indonesia, and the Middle East, and funding education programmes in Canada, China, Japan, the UK and the US.

Deliver a ‘century’ of environmental research
Some 2,000 HSBC staff will work alongside Earthwatch scientists on conservation projects worldwide, yielding the equivalent of 100 ‘man years’ of critical research. This will create a network of environmental ambassadors in the Group, who will be given grants for local conservation projects when they return to their communities. The US$16 million donation will also be used to train 200 scientists in developing countries.