We have since launched a number of award-winning products, and been recognised as a leader in this area - including being named The World's Best Bank for Sustainable Finance by . The report highlights the use of distributed ledger technology (DLT) to […] Serai, a network-based digital B2B platform by HSBC, has launched a traceability solution that allows apparel businesses to track cotton and other raw materials going into their product. "This is a positive step and should support the bank's leadership ambition in sustainable finance . Transitioning trade finance is ESG's biggest challenge. HSBC and GT Nexus have announced a partnership that they say that will help customers dramatically improve their operational efficiency through the GT Nexus cloud-based supply chain platform. This presents the Taiwan supply chain with significant challenges, given the high carbon intensity of the current power generation and for sustainability. An estimated 80 per cent of global trade passes through supply chains - networks of customers and suppliers that contribute to . Global banking and financial services company HSBC announced today the launch by HSBC Global Markets in Korea of one of Asia's first sustainability-linked derivative products, a two-year, structured USD$100 million US dollar ESG-linked cross currency swap to Hana Financial Investment. Supply chain risk is now a matter of urgency for many corporates. 4. Our planet needs drastic action. Communications Manager. Download. As of 2018, green and sustainable Bond issuances were at $167.3 billion, which is just 2% of the total bond market. To get access to the retailer's Sustainable Supply Chain Finance program, suppliers have two options. Hilboldt also noted that Apple is looking to reach net zero emissions across its supply chain (scope 3) by 2030, having . Flora Muniz-Lovas. Since 2017, more than 3,100 suppliers have signed on to Project Gigaton, according to Walmart. "In many industries it is a company's supply chain — rather than the company itself — that is responsible for most of the environmental impact and therefore offers the greatest . In fact, HSBC's support will help in GCB's transition to achieve our ambitious yet necessary target of 100% Traceable and Sustainable cocoa by 2030 from direct supply chain." HSBC Amanah's Green Trade Finance structure innovatively blended various post-shipment solutions for sustainable sourcing that can be clearly assessed, quantified . HSBC Centre Paper - Improving Supply Chain Resilience to Manage Climate Change Risks. The study was carried out between June and July 2020 and 177 large corporates were interviewed, representing 45 per cent North Asia (China, Hong Kong, Japan, South Korea) and 55 per cent South Asia (Australia, India, Indonesia, Malaysia, Singapore) with an average annual . "Our work with Project Gigaton is purposefully meant to encourage all Walmart suppliers to pursue emission reduction goals . HSBC also said it aimed to be net zero in its own operations and supply chain by 2030. . The bank is also targeting to source as much energy as possible from renewable sources by 2030. The segment, moderated by Stuart Milne, CEO of HSBC Malaysia, features Dan Culverhouse, Head of Supply Chain Management, DKSH; Faroze Nadar, Executive . quantifiable and readily available. Co-founder and General Partner. SEE ALSO: Supply chain sustainability is a top issue for the region - 90% of issuers prefer to work with companies that have sustainable supply chains. The bank is also targeting to source as much energy as possible from renewable sources by 2030. Smaller firms may lack the know-how, and many are struggling to keep the lights on in the wake of COVID-19: in a recent HSBC survey, 87% of 7,312 decision-makers in 14 markets said they . the supply chain. If there is one bank that realizes the urgency of getting capital working for the planet, it is HSBC . When HSBC sends a 30-page pitch for world's best bank in sustainable finance, it's understandable. Login or register for unlimited FREE access. HSBC's history of sustainable finance. Businesses can use the new solution to trace order flow throughout the supply chain, manage supply chain risks and collect data for compliance needs. The Supply Chain Sustainability Manager has a focus on all Environmental, Social, and Governance (ESG) aspects of the Supply Chain and plays an important role in the delivery of HSBC's sustainability commitments around Carbon Emissions, Responsible Consumption, Supplier Diversity, and Human Rights. Here's what we're doing and how you can join us. The role will ensure that global best . HSBC has been supporting Walmart's Sustainable Supply Chain Finance program (SSCF) since 2019 - encouraging its suppliers through improved financing access and terms if they reduce GHG emissions in at least one of the six pillars that are a part of Project Gigaton. . It can also have a significant effect on improving and measuring the sustainability of a supply chain, from its carbon footprint to its social impact. improvements in labour, health and safety standards). Supply Chain Resilience and Climate Change. The scope of the work at the bank covers every country in which it operates and every business line from retail banking to supply-chain finance. Sustainable Supply Chain Finance. flora.muniz-lovas@hsbc.com Owning more of the supply chain (vertical integration) (22%) 44% of businesses said their top priority was increasing the transparency of their supply chain. Successfully building a more transparent supply chain will likely come from a combination of consumer pressure and brands . The scheme with Walmart, set up in 2019, pegs a supplier's financing rate to its sustainability credentials, including progress on cutting carbon emissions. 49:15 - US-China trade war and impact on supply chain According to Sengupta, one of the biggest struggles for smaller businesses along the supply chain when it comes to meeting ESG goals is the multiple standards they must adhere to for each buyer. It was developed as a means to support the . The Supply Chain Sustainability Manager has a focus on all Environmental, Social, and Governance (ESG) aspects of the Supply Chain and plays an important role in the delivery of HSBC's sustainability commitments around Carbon Emissions, Responsible Consumption, Supplier Diversity, and Human Rights. Lucy Fitzgeorge-Parker, January 25, 2021. Sustainable supply chains. The Supply Chain Sustainability Manager has a focus on all Environmental, Social, and Governance (ESG) aspects of the Supply Chain and plays an important role in the delivery of HSBC's sustainability commitments around Carbon Emissions, Responsible Consumption, Supplier Diversity, and Human Rights. incentivise sustainable behaviors in global. HSBC. SAC's Latest Higg Module Improves Apparel Supply Chain Transparency, Reduces Audit Fatigue 4 years ago - The Sustainable Apparel Coalition (SAC) has released early registration of the Higg Facility Environmental Module (Higg FEM), a self-assessment tool that globally standardizes sustainability measurement for apparel, footwear and textile . Tesla Gains on Musk's Optimism About Overcoming Supply Issues. HSBC to target net zero in operations and supply chain by 2030. Set up in 2019, the SSCF programme for Walmart suppliers was one of the first of its kind. Mercon aims to make its supply chain as sustainable as possible - from water and forest conservation and farm management, to implementing the best social practices in their producers' coffee plantations - and this syndicated facility helps to fund Mercon's sustainability goals through its sustainable production program LIFT. The role will work closely with the Category . The Supply Chain Sustainability Manager has a focus on all Environmental, Social, and Governance (ESG) aspects of the Supply Chain and plays an important role in the delivery of HSBC's sustainability commitments around Carbon Emissions, Responsible Consumption, Supplier Diversity, and Human Rights. 04:48 - Impact of Covid-19 on operating models of transport and shipping. This includes: Increasing transparency in how their suppliers work - and who is in their supply chain (27%), Creating a more traceable supply chain (26%) The Fukushima nuclear disaster . This comes two years after the US retail giant launched Project Gigaton, with the aim of eliminating one gigaton of greenhouse gas emissions from its global value chain of upstream . Sustainability linked securities are an emerging form of sustainable finance instruments, with financial . There's some evidence that companies with long-term, sustainability focused strategies are weathering the consequences of the disruptions better than those . May 2022 - Present1 month. An HSBC platform developed specifically to make global trade easier for apparel businesses by collecting and centralizing a wide range of supplier data. HSBC is also aiming to help transform sustainable infrastructure into a global asset class, and create a pipeline of bankable projects, leading the FAST-Infra initiative together with the OECD and the . Austin Clark. HSBC and Walmart have introduced science-based emissions reduction targets into their sustainable supply chain finance (SSCF) programme, which sees suppliers who meet sustainability goals get cheaper financing. As a leading global trade bank, HSBC is ideally placed to support our customers and other companies as they seek to do business with each other in a more responsible and sustainable way. HSBC's Navigator study found 67 per cent of businesses said their top priority was to increase control over their supply chains. HSBC and Walmart have introduced science-based emissions reduction targets into their sustainable supply chain finance (SSCF) programme, which sees suppliers who meet sustainability goals get cheaper financing. In 2017, we committed to providing USD100 billion of sustainable finance by 2025. HSBC is embedding sustainability into the products . Creating sustainable supply chains. By working together to support sustainable projects and initiatives, we can make real progress in the move to a global net zero economy. Aiming to be net zero in its operations and supply chain by 2030. 22 March 2022. Through the programme, suppliers within Walmart's network will be able to apply for improved financing from HSBC if they are making progress toward the supermarket chain's sustainability targets. The survey was sponsored by HSBC and conducted by East & Partners to understand the trends of future supply chains in Asia. Americas Head of Supply Chain Sustainability and Diversity. HSBC is already a leading player in the transition to a low-carbon economy. HSBC has led the industry, with global deployments of AI-led capabilities, scalable Blockchain platforms and innovative sustainable (environmental and societal) supply chain finance solutions . US retail giant Walmart is attempting to offer a solution. Set up in 2019, the SSCF programme for Walmart suppliers was one of the first of its kind. Firms in Walmart's supply chain that are able to demonstrate progress on cutting carbon emissions will be able to apply for preferential financing packages via the new arrangement with HSBC, Walmart said. HSBC and Walmart have developed a sustainable supply chain finance (SSCF) programme, which will see suppliers who meet sustainability goals get cheaper financing. HSBC and Walmart have joined forces for a finance programme that pegs a supplier's financing rate to its ecological footprint. The findings of our Asia Supply Chains - A New Era report show that firms are not only developing green . . Angie Hall, Head of Sustainable Finance at HSBC Bank Canada agrees. The pace of signup accelerated after Walmart's launch of the sustainable supply-chain finance program in 2019, the retailer noted, and in 2020, suppliers reported more than 186 million metric tons of carbon-dioxide emissions avoided —for a total of more than 416 million metric tons avoided since . allison@buoyant.vc HSBC. First Abu Dhabi Bank, FMO, HSBC Group, ING Bank N.V., Standard Chartered, TIER Sustainable Supply Chain Finance and many more . The sustainable supply chain finance programme will allows Walmart's suppliers who demonstrate progress in it's Project Gigaton or Sustainability Index Program to apply for improved financing from HSBC.. Project Gigaton is a Walmart initiative to avoid one . 13 October 2020; . 4 Meanwhile, 44 per cent of firms polled stated their biggest priority was to improve transparency of their supply chains. Lack of transparency over the origin of goods is a threat to retailers' reputations. Dive Brief: Walmart is partnering with HSBC to allow suppliers to apply for improved financing with the bank if they show progress under either Project Gigaton or the retailer's Sustainability Index Program. الإمارات العربية المتحدة. . Version Download 1664; File Size 2.39 MB; File Count 1; Create Date June 18, 2020; Last . Companies have recognised that the Global sustainable supply chain finance market was valued at US$ 660,211.1 million in 2022 and is expected to reach US$ 2,926,758.97 million by 2030, growing at an estimated CAGR of 18.24% over the forecast period. By introducing the science-based targets, HSBC and Walmart hope to make suppliers' lives easier. to meet its net-zero goals, the supply chain ranked third as a priority, with 29% selecting this overall, rising to 37% among firms in Europe, the Middle East and Africa. Walmart hopes the move will encourage greater disclosure and innovation from suppliers. When HSBC Bank and The Sustainability Consortium started discussions around this report in mid-2019, . Smaller firms may lack the know-how, and many are struggling to keep the lights on in the wake of COVID-19: in a recent HSBC survey, 87% of 7,312 decision-makers in 14 markets said they . that companies have to create greater supply chain resilience. April 17, 2019 10:00 PM Eastern Daylight Time. 5 Introduction: Climate change and supply chain risk The purpose of this report is to help Regarding energy consumption, HSBC's target is to cut electricity consumption (measured in 2019) by 50 per cent by 2030. Meanwhile, 77% of respondents said that demand from supply-chain partners was important or very important as a driver in setting a net-zero or other emission-reduction goal, Our planet needs drastic action. Earlier this month it was announced that HSBC and Walmart have joined forces on a finance programme that pegs a supplier's financing rate to its ecological footprint. The Supply Chain Sustainability Manager has a focus on all Environmental, Social, and Governance (ESG) aspects of the Supply Chain and plays an important role in the delivery of HSBC's sustainability commitments around Carbon Emissions, Responsible Consumption, Supplier Diversity, and Human Rights. An estimated 80 per cent of global trade passes through supply chains - networks of customers and suppliers that contribute to . HSBC has further deepened its green finance capabilities for the business. The past year has shone a spotlight onto some of the deeply-rooted supply-chain and transparency challenges associated with the retail . The trade . Sustainability objectives that may impact environmental or social aims (e.g. Major companies are piloting and deploying disruptive technologies such as blockchain, artificial intelligence (AI) and element analysis to better monitor and account for the supply chains that make up their industry. reached net zero from its own operations (scope 1 and 2) in 2020. by TSC Webmaster | Jun 18, 2020. THE SUSTAINABILITY CONSORTIUM® | ©2009-2022 ARIZONA STATE UNIVERSITY AND UNIVERSITY OF ARKANSAS . Sustainable supply chains. Businesses are seeking to attract consumers increasingly keen to know how the products they buy are made, with transparency a key criteria for . HSBC is embedding sustainability into the products . Walmart's private brand suppliers, largely small and . Global trade recovered remarkably well from the clutches of the coronavirus pandemic, but a shortage of containers and heavily congested ports have . The Sustainability Consortium® 2020. 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