Responsible Investment
2024, in a nutshell
2024 was a year of progress for HSBC Asset Management in Responsible Investment. We are pleased to share an overview of our main key initiatives and achievements to support clients who have sustainable and decarbonation objectives.
1. Global assets under management: USD741bn. Source: HSBC Asset Management as on 31 Dec 2024. The HSBC ESG and Sustainable Investing Framework is an HSBC internal classification framework used to establish ESG and sustainable investing standards and promote consistency across asset classes and business lines where relevant, and should not be relied on to assess the sustainability characteristics of any given products. For the avoidance of doubt, these assets invested pursuant to the ESG and Sustainable Investing strategies do not necessarily qualify as "sustainable investments" as defined by SFDR or other relevant regulations.
2. Voting data covers our holdings across our offices where our global voting guidelines are applicable. Voting data from our offices in Argentina, Germany and Taiwan, as well as some from Japan, Mexico and Turkey is not included.
Oggi, noi e un certo numero dei nostri clienti emettiamo gas a effetto serra. Questo è il motivo per il quale HSBC Asset Management e gli altri asset managers hanno un ruolo importante nella transizione verso un'economia neutra in carbonio. Passo per passo, stiamo elaborando delle strategie per ridurre le nostre emissioni, aiutando nel contempo i nostri clienti a ridurre le loro.
Le informazioni presentate riguardano l'attività di HSBC Asset Management a livello globale. Attiriamo la vostra attenzione sul fatto che i numeri presentati e gli impegni elencati non riflettono necessariamente quelli di HSBC Asset Management nelle giurisdizioni locali.
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/