Businesses are facing pressure to become more sustainable from end consumers to regulators. Yet, over a third feel the greatest pressure is from competition and two-thirds see it as key to attracting and retaining talent.
The commercial advantages of operating more sustainably are being felt beyond your social, environmental or reputational concerns. Now, they are intrinsic to driving value for your business and helping to secure your businesses' future. There's never been a better time to ensure that sustainability is embedded throughout your whole business and that of your value chain. Because your sustainability and commercial goals go hand in hand.
Our Navigator: Made for the Future research found that sustainability can help your business to…
Keep up with the competition
see being sustainable as a competitive advantage
Attract and retain top talent
know that being sustainable attracts and retains critical skills
Become more efficient
of businesses see sustainability as an aid to increasing efficiency
Future-proof your business
top ways that being sustainable could help your businesses:
1. meet customer demand
2. enhance brand reputation
3. reflect your business values
Are values out of sync with businesses priorities?
65% of business decision-makers are planning to increase sustainability investment by 5% or more - with 72% being funded from existing profits.
Businesses recognise the need to become more sustainable and acknowledge that the changes required are being driven by peer pressure. Therefore the need to better align sustainability goals needs to be embedded throughout your entire business.
No business can afford not to embed sustainability goals in their strategic thinking and operations. The business case for addressing your sustainability opportunities is becoming clearer and stronger than ever before.
HSBC is making the transition to become more sustainable, and we want to work together with you to create a more sustainable future.
Our network, financial expertise, tools and connections can help support businesses of all sizes to transition to be more sustainable.
In 2017, HSBC pledged to provide USD100 billion of sustainable finance by 2025; in the first year we have already committed more than USD25 billion cumulatively across 35 markets.
Companies are making bold commitments to make sustainability changes and finance has a critical role to play. Now is the time for all of us to work together. Businesses can and should be a force for good throughout the whole value chain.
HSBC’s Navigator: Made for the Future surveyed 2,500 business decision-makers in 12 markets. Research by Kantar TNS for HSBC June 2019.
4 in 5 businesses said being ethical and sustainable was important to them in HSBC Navigator 2018, which surveyed 8,650 business decision-makers in 34 markets. Research by Kantar TNS for HSBC August / September 2018.