Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 86

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 86
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 for their industries and mobilised finance to support the uptake of renewables. The nature programmes supported the Asia Sustainable Palm Oil Links programme, focused on promoting sustainable palm oil production, consumption and trade across Asia, and the Nature-based Solutions Accelerator, which supported projects to reach investment readiness. Through this partnership, we also launched an open-access Environmental Crimes Financial Toolkit to help financial institutions detect and monitor activities related to environmental and financial crimes. The first set of tools focuses on commodity-driven deforestation and land conversion.

| Our just transition approachThe transition to net zero is expected todrive social changes on a global scale,presenting risks and opportunities for ourclients and our stakeholders. Our netzero transition plan sets out our initialapproach to incorporating just transitionconsiderations. We are taking steps toembed just transition principles into ourclient engagement activities, our ownoperations, and our financing decisions.HSBC Asset Management, in line withrelevant stewardship activities,encourages companies to identify andaddress the impacts of their climatestrategy on stakeholders, includingworkers, suppliers, and the communitiesin which they operate. This may includespecific metrics or objectives in relation,but not limited to, employee training anddevelopment, green job creation,safeguarding workers’ rights and supportfor affected communities.We are a founding funder of the JustTransition Finance Lab, hosted at theLSE’s Grantham Research Institute,which aims to accelerate solutions toachieve progress on climate and widerenvironmental goals through a people-centred approach. |

Our approach to nature Around one third of the emissions reductions required to limit global warming in line with the Paris Agreement are linked to the land use system and nature. We have been further developing our approach to nature, which builds on the outline that was set out in our net zero transition plan. This includes considering how to: understand our exposure to nature; manage nature-related risks and impacts; support our customers, including financing and investing in nature-related solutions; and build nature-related skills, data capacities and partnerships. We are taking steps to embed our approach to nature alongside delivery of our net zero implementation plans. We continue to test and scale approaches to financing and investing in biodiversity and nature. In 2024, starting with our European clients, we began including nature-related questions in our client transition engagement questionnaire. Climate Asset Management, HSBC Asset Management’s joint venture with climate investment and advisory firm Pollination, has now raised commitments of more than $1bn for natural capital projects around the world, and announced the final close of its Natural Capital and Nature Based Carbon