Partnership with client to
promote sustainability

We are committed to partnering with clients in the transition to a low-carbon economy for a sustainable future.

Inspiration from our clients

At HSBC, we are committed to partnering with clients to lead the global transition to net zero.

We have arranged Thailand’s first Thai Baht Green Deposit for global chemical company Indorama Ventures Public Company Limited (IVL), and the largest convenience store operator in Thailand, CP All Public Company Limited, marking an important milestone as they work towards a more sustainable future.

The Green Deposit is the first financing solution of its kind for Thailand, and aims to encourage clients to fulfill their sustainability objectives by investing their surplus cash balances into environmentally beneficial projects and other corporate initiatives designed to combat global warming. Our commitment goes beyond providing transition finance solutions. We also partner with our clients to support the wider communities in which we are present.

Community outreach and COVID response

Last year, in response to the COVID-19 pandemic, HSBC partnered with IVL to transform post-consumer PET bottles into much-needed PPE suits. The PPE suits were donated to local hospitals in need of equipment to protect medical personnel working to fight the COVID-19 outbreak in Thailand.

HSBC Thailand was designated as a PET collection point, encouraging all staff to give used drinking bottles to the initiative. Over the course of the project, HSBC contributed more than 500 kilograms of post-consumer bottles to make 1250 recycled PPE suits to be used when treating low-to-medium risk patients. This is equivalent to a reduction of around 770 kilograms of carbon emissions.

IVL has pledged to invest in new technologies to tackle global plastic pollution and drive growth in the recycling sector. The company’s goals are to increase its PET recycling volumes to 750,000 tons by 2025 and invest USD1.5 billion in sustainability objectives. HSBC continues to work closely with IVL on other potential sustainable financing solutions for their business.

HSBC Thailand donated nearly 12,000 post-consumer bottles to IVL for recycling into 650 reusable PPE suits, which will be donated to hospitals in Thailand. This is part of the “Collect Bottles to Protect Doctors” campaign to make 16,000 protective PPEs for medical health workers during the Covid-19 situation.

IVL is delighted to bring onboard key partners such as HSBC to take part in this much-needed recycling project during COVID-19. The bottles collected by HSBC’s employees will be converted into recycled yarns to produce PPE suits made from 100% recycled PET bottles sourced in Thailand. By utilizing our facilities, IVL aims to minimize the amount of waste sent to landfills by promoting the efficient use of resources through recycling, which is in line with the UN Sustainable Development Goals (SDGs) fostering sustainable consumption and production (SDG 12).

Mr. Richard Jones Senior Vice President and Head of Corporate Communications,
Indorama Ventures

 

 

 

 

Krisda Phatcharoen (right), Country Head of Commercial Banking, HSBC Thailand, joined Richard Jones (left), Senior Vice President and Head of Corporate Communications, Indorama Ventures, on the HSBC staff’s educational visit to IVL Recycling Plant in Nakhon Phathom, Thailand.

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