17 May, 2022

HSBC Bank's Fragile Planet report highlights need for urgent climate action


The HSBC Group’s seventh Fragile Planet report, which examined a sample of 77 countries, has found that, of the 20 countries experiencing the largest temperature increases over recent years, 19 are in Europe. The analysis by the Group’s HSBC Global Research arm has concluded that there is a need for urgent climate action.

The report investigated four aspects to understand which sampled countries are more resilient and vulnerable to rising climate risks. The report focused on transition risks (dependence ratio on carbon in the national economy of a country), physical risks (such as extreme weather events), governance (policies, institutional qualities, and financial strength), and green opportunities (potential to make profits on decarbonisation).

HSBC Bank’s Fragile Planet report emphasises that increased technological innovation, economic support and policy delivery are essential to achieve lasting cuts in carbon emissions. It is widely believed that countries and companies that take swift and radical actions have the potential to better protect society and communities, build resilience, and profit from a transition to low-carbon technology.

Michel Cordina, Executive Director and Head of Business Development and Corporate Sustainability of HSBC Bank Malta p.l.c., said: “Understanding the risks and opportunities that countries face can inform decisions by policymakers and investors of the actions that need to be taken to counter the current climate crisis. HSBC Bank Malta recognises that environmental, social and corporate governance (ESG) factors, (which include climate change), can significantly impact individuals, businesses and communities and we are committed to accelerating the transition to a low-carbon global economy, mainly by supporting our customers in their net-zero journey.”

Read the full report in PDF format here.

All News

View All

14 June, 2024

BOV Supports Caritas in San Blas Major Renovation Project...

...

Learn More
05 June, 2024

A healthy minds focus for the BNF team during may...

...

Learn More
03 June, 2024

PwC Malta’s Real Estate survey confirms preference for home ownershi...

...

Learn More
31 May, 2024

BOV holds its 50th Annual General Meeting...

...

Learn More

All News

View All

Sponsored Content

14 June, 2024

BOV Supports Caritas in San Blas Major Renovation Project...

...

Learn More

Sponsored Content

06 June, 2024

BOV announces further improvements across its branch network...

...

Learn More

Sponsored Content

05 June, 2024

A healthy minds focus for the BNF team during may...

...

Learn More

Sponsored Content

03 June, 2024

PwC Malta’s Real Estate survey confirms preference for home ownershi...

...

Learn More

upcoming events

View All

Upcoming Events

25 June, 2024

Secure your Green Future - Funding Opportunities for Sustainable Initiatives

...

Learn More

Upcoming Events

27 June, 2024

Empowerpreneur Workshop 3 - Achieving the Dream through the Team

...

Learn More

Upcoming Events

04 July, 2024

Virtual Q&A with Jobsplus (Session 1)

...

Learn More

Upcoming Events

09 July, 2024

Virtual Q&A with Jobsplus (Session 2)

...

Learn More

upcoming events

View All

25 Jun
upcoming event 25 June, 2024, 10:00 AM

Secure your Green Future - Funding Opportunities for Sustainable Initiatives

Learn More
27 Jun
upcoming event 27 June, 2024, 06:00 PM

Empowerpreneur Workshop 3 - Achieving the Dream through the Team

Learn More
04 Jul
upcoming event 04 July, 2024, 08:15 AM

Virtual Q&A with Jobsplus (Session 1)

Learn More
09 Jul
upcoming event 09 July, 2024, 08:15 AM

Virtual Q&A with Jobsplus (Session 2)

Learn More
09 Jul
upcoming event 09 July, 2024, 12:00 PM

Doing Business with Türkiye

Learn More
23 Jul
upcoming event 23 July, 2024, 09:00 AM

Info Session about Business Enhance Schemes

Learn More