CEO: Noel Quinn
Based in: London, United Kingdom
Best known for: banking and financial services
Traded on: New York Stock Exchange
HSBC’s main headquarters are now in London, United Kingdom, but this wasn’t always the case. In fact, back in 1865, 0'>HSBC company founder Thomas Sutherland opened up the financial services business in Hong Kong. A Scotsman working in Asia, he went into the banking business after reading an article about different banking business practices.
HSBC’s London office was almost immediately opened only a few months later in July after its initial Hong Kong opening. Now, London is the site of the company’s main headquarters, though its dealings and services are still highly prevalent in Hong Kong, as well as other countries around the world. The bank’s name remains a callback to its founding days, as its initials are derived from The Hongkong and Shanghai Banking Corporation Limited (the HSBC founding member).
Today, HSBC is known for its banking and financial services. It offers services such as private global banking, retail banking, wealth management and commercial banking. Its network now spans across 65 different countries, making it a world leader in the industry.
HSBC history of tackling environmental issues
Looking to make their company as environmentally friendly as possible, HSBC has a long history of working to lower its carbon emissions and overall waste.
- In 2005, HSBC stated that it was the first bank to ever completely become carbon neutral.
- In 2008, the company worked to set guidelines on company waste. These guidelines are reminders to its employees to become aware (and limit) their waste, energy, and water. It also works to help decrease individual (as well as company) carbon emissions.
- To continue promoting awareness of environmental issues to its employees, HSBC has created two programmes: The HSBC Climate Partnership and The Global Environmental Efficiency Programme.