- Video
- Sustainability
- Transition to Net Zero
How HSBC is Supporting Nordic Group’s Transition to Net Zero
Based in Singapore with facilities in China and Malaysia, Nordic Group is a leading environmental engineering company specialising in system integrations, precision engineering, pollution control and water treatment.
With a commitment to fostering sustainability in their operations, they are aiming for zero environmental violations and reducing water and electricity usage per employees. As a Singapore Stock Exchange-listed company, Nordic also needs to fulfil their mandatory sustainability reporting.
Having understood our needs, HSBC referred us to Univers to help implement a comprehensive decarbonisation system for measuring and tracking organisation-wide ESG metrics.
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Singapore has implemented mandatory climate reporting for its listed companies in 2025 and has plans to extend the requirement to large non-listed firms in 2027. Global businesses also increasingly expect their suppliers to meet these reporting standards. For businesses to stay ahead of the curve, it is important for enterprises to meet these requirements.
Our collaboration with Univers reflects our focus in making it easier for our clients to collect real-time energy and carbon consumption data, enabling them to optimise their energy spending and reduce their carbon footprint.
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We work with HSBC for its end clients like Nordic Group in their sustainability journey to understand the carbon footprint, to reduce and adapt to the carbon footprint. The way we do this is we first ensure that we don't just look at carbon data from an accounting perspective, but from real operations data by integrating the Univers solution into their day-to-day operation, which then measures their carbon footprint.
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The collaboration has simplified their sustainability disclosure processes, reducing the need for manual data collection across their subsidiaries.
“We appreciate HSBC’s support in our sustainability transition, which has already led to reduced operational costs through the adoption of Univers’ carbon management system.
Additionally, HSBC has supported the financing of our subsidiaries’ air pollution and odour control projects.” said Mr Chang.
Today we finance a number of industries that significantly contribute to greenhouse gas emissions. We have a strategy to help our customers to reduce their emissions and to reduce our own. Find out more here.
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