As part of the newly-created HSBC Climate Partnership announced on May 30, 2007, WWF will receive $35 million to help protect four of the world's major rivers from the impacts of climate change. WWF is part of a five-year, $100 million partnership created in response to the urgent threat of global climate change. The Climate Partnership comprises WWF, The Climate Group, Earthwatch Institute, Smithsonian Tropical Research Institute (STRI) and HSBC itself. It will:
- help protect four of the world's major rivers - the Amazon, Ganges, Thames, and Yangtze - from the impacts of climate change, benefiting the 450 million people who rely on them;
- make some of the world's great cities - Hong Kong, London, Mumbai, New York and Shanghai - cleaner and greener, which the partners will promote as models for the world;
- create 'climate champions' worldwide who will undertake field research and bring back valuable knowledge and experience to their communities; and
- conduct the largest field experiment on the world's forests to measure carbon and the effects of climate change.
James Leape, Director General of WWF International said, "Climate change, poor management and waste mean that water supplies around the world are more and more stressed. The HSBC Climate Partnership will help WWF work towards better management of global water supplies, improve water security for about 450 million people, and reduce the impact of climate change on some of the world's most important rivers, including the Amazon, Ganges, Thames and Yangtze."
HSBC Group Chairman Stephen Green said, "The HSBC Climate Partnership will achieve something profoundly important. By working with four of the world's most respected environmental organisations and creating a 'green taskforce' of thousands of HSBC employees worldwide, we believe we can tackle the causes and impacts of climate change. 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 across the world."
The HSBC Climate Partnership builds upon Investing in Nature, the Group's previous five-year partnership which concluded in 2006. Working with WWF, Botanical Gardens Conservation International and Earthwatch, the program helped protect and better manage three of the world's largest rivers for the benefit of some 50 million people, is estimated to have saved more than 12,000 plant species from extinction, and trained 200 scientists.