HSBC ESG Factbook: FY23
The HSBC ESG Factbook for Fiscal Year 2023 (FY23) serves as a valuable resource for stakeholders looking to understand the financial institution’s commitment and progress regarding environmental, social, and governance (ESG) principles. This document aims to shed light on HSBC’s strategies, achievements, and future goals in the realm of sustainable finance, while emphasizing the importance of integrating ESG considerations into business practices.
Introduction
It’s essential to acknowledge that the information provided in this factbook is purely for informational and reference purposes, focusing on HSBC Holdings plc and its consolidated subsidiaries (collectively referred to as the “Group”). The content aims to offer insights into the Group’s financial performance, strategic direction, and particularly its ESG initiatives, without constituting any form of investment advice or recommendation.
Disclaimer
Readers should approach this factbook with the understanding that it has not been independently verified and does not offer legal, tax, investment, accounting, or financial advice. All stakeholders are encouraged to consult their own professional advisers for specific advice pertaining to their circumstances. The Group dispels any responsibility for the accuracy, completeness, or reliability of the information contained within this document, and any reliance placed on this information is strictly at the reader’s own risk.
Forward-Looking Statements
This document may contain forward-looking statements regarding HSBC’s financial condition, results of operations, capital position, and ESG-related strategies. These statements are characterized by terms such as “may”, “will”, “expect”, and similar expressions that project future conditions or events. Such statements should be considered as indicative and not as guarantees of future performance, involving various assumptions and judgements which may not prove accurate.
The forward-looking statements are subject to risks, uncertainties, and other factors, including macroeconomic conditions, regulatory changes, and global events such as geopolitical tensions, which could significantly affect the Group’s ability to achieve its stated objectives. Consequently, these statements should not be unduly relied upon, as actual outcomes may differ from those anticipated in such statements.
Risks and Uncertainties
Significant risks and uncertainties could derail the Group’s efforts towards its ESG objectives. These include changes in market conditions, regulatory landscapes, and the unpredictable nature of global events. It is worth noting, for example, that geopolitical conflicts and economic conditions, such as those witnessed in mainland China’s commercial real estate sector, may pose challenges to achieving these goals. Additionally, the inherent limitations and evolving methodologies in ESG-related matters add another layer of complexity to the Group’s strategic endeavors.
Alternative Performance Measures
The Factbook also introduces non-IFRS measures which the Group utilizes for internal assessment and reporting. These alternative performance measures, presented on a “constant currency” basis, aim to provide a clearer picture by adjusting for the effects of foreign currency translation differences. Detailed reconciliations between these measures and their IFRS counterparts are made available in HSBC’s public filings.
Conclusion
The HSBC ESG Factbook for FY23 is a comprehensive document highlighting the Group’s ongoing commitment to sustainable development and responsible corporate practices. While forward-looking statements within the factbook paint a picture of HSBC’s ambitions and expected path forward, it is crucial for stakeholders to recognize the inherent uncertainties and consult professional advice when necessary. The Group continues to adapt to the evolving global landscape, aiming to meet its ESG commitments and contribute positively to the broader societal goals of sustainable development.
For additional information and updates beyond this factbook, interested parties are encouraged to refer to HSBC’s Annual Report and Accounts filed with the Securities and Exchange Commission, alongside other regulatory filings and official releases available on HSBC’s website.
