Most of the bank’s funding goes towards programmes aligned to our global themes of supporting responsible business, employability and financial capability. However, HSBC also earmarks funding to support causes that are important to specific geographies; these may include projects reflecting local needs, such as environmental protection or healthcare.
HSBC Australia has partnered with AIEF since 2011, focusing on creating positive futures for Indigenous Australians by facilitating access to leading schools, universities and corporations for some of Australia's most marginalised young people, through a scholarships program. HSBC provides additional support through employee mentors and since 2015, has offered AIEF Alumni attending university the opportunity to participate in paid internships during their summer holidays through the AIEF-HSBC Work Placement program.
Read more about AIEF
As part of its global commitment to improving the lives of disadvantaged young people, HSBC supports the 'Ready for Life' program at Key College and Chapel School, run by Youth Off The Streets which helps disadvantaged and homeless teenagers in Sydney. The schools reconnect young people with education and offer a network of support services, including accommodation, training and employment. HSBC employees help students develop interview skills, build career plans and prepare for the workplace.
HSBC has worked closely with Enactus for a number of years, supporting community projects designed and implemented by talented university students from across Australia.
Every year, the students gather at the Enactus National Championships to present progress on their projects and compete for the right to take part in a world-wide competition - HSBC employees act as mentors and business advisors to students in the lead up to the National Championships.
HSBC has a long-standing relationship with Barnardos, which for more than 120 years, has been at the forefront of child welfare service provision. In Australia, HSBC has supported a multitude of education programs targeting children and young people from varying low socio-economic backgrounds. HSBC is currently supporting Yurungai Learning Centre in Waterloo, NSW, which offers an after-school program, focussed on numeracy and literacy, for primary-school children. HSBC volunteers assist the children with school projects and provide basic financial literacy on a weekly basis.
HSBC is working with KARI to deliver development, mentoring and employment focused programs for high school students and school-leavers. The program helps students create study plans and set achievable goals to aid the successful completion of their secondary studies. Older students will be equipped with the skills required to secure employment, including resume writing and interview skills, and they will be matched with potential employers, traineeships, apprenticeships, so they are supported as they transition out of high school.
The Smith Family believes that education is the surest way to end the cycle of disadvantage. HSBC is supporting the delivery of the financial literacy component of their flagship education program entitled Learning for Life. High school aged children participate in an 8-week in school program to learn basic financial concepts, and on successful completion receive a Certificate I in Financial Services.
Twenty10 is a Sydney-based service that works across NSW with people who identify as LGBTIQA+, their families and communities. They provide a broad range of specialised services for young people aged 12-25 including housing, mental health, counselling and social support. HSBC supports the delivery of a series of skills-based workshops designed to keep young people engaged in education and to develop the soft skills required to secure gainful employment, while also connecting them with professional mentoring.
In partnership with The Nature Conservancy Australia, HSBC is investing in new life cycle solutions for Melbourne’s seafood and waste industries. This innovative project addresses supply chain issues across three different sectors: conservation, seafood and waste- establishing an innovative partnership model that turns a waste product (oyster, mussel and scallop shells) into a useful recycled product (shellfish reefs). The project outcomes result in a better marine environment which improves aquaculture outcomes and fish nurseries, reduced waste going to landfill and improved sustainability of the Australian seafood industry.
By recycling shell waste, The Nature Conservancy will regenerate shellfish reefs (three dimensional reefs structures made from millions of oysters and mussels), which will in turn create new aquaculture and fisheries opportunities. These are the most imperilled marine ecosystem in Australia, with over 90% of reefs destroyed or degraded since European settlement. The loss of these ecosystems has contributed to the decline in marine biodiversity, water quality and coastal fisheries and sparked the need for modern forms of shellfish aquaculture in the early 20th century.
The project’s outcomes include:
HSBC’s partnership with Earthwatch Institute and Blue Carbon Lab (part of Deakin University) is delivering important research that demonstrates the value of blue carbon and it’s potential to reset the thermostat on climate change. Blue carbon is the carbon that is sequestered in aquatic ecosystems.
Funded out of the global HSBC Water Programme the project aims to deliver the following outcomes, whilst also engaging employees, clients and other stakeholders on how business can deliver positive impact for the environment, through citizen science activity days:
As Principal Partner of the Royal Botanic Gardens and Domain Trust, HSBC provides vital funding to support three of the Trust's key conservation and education programs.
Safeguarding plant biodiversity
Aims to contribute to the ongoing research and conservation work of the Australian PlantBank including:
Restore & Renew (video about program)
Aims to improve the success and long-term viability of restored landscapes by:
Interactive Learning for Schools
Aims to significantly increase the Trust’s school education programs through interactive learning, and enhance the Trust’s profile as a leading educator in environmental-themed learning
The Earthwatch Student Challenge gives high school students in years 10-12 the opportunity to participate in expeditions that support the work of scientists in environmental conservation, while offering them an insight into the world of field science. Students live and work in the field with leading researchers to help solve some of Australia's most pressing environmental issues. It is an eye-opening, adventurous and exciting experience, and the hope is that this may encourage some of them to pursue a career in science.
HSBC is supporting places for six Indigenous students to participate in the student challenge.
HSBC Australia has partnered with the Fred Hollows Foundation since 2015 supporting their Indigenous Australia Program, specifically the Trachoma Elimination Project. Australia is the only developed country in the world where people still go needlessly and irreversibly blind from trachoma, a contagious disease that if caught early enough is easily treated with antibiotics.
HSBC Australia offers employees two days of paid volunteer leave a year to work in the community and, through the HSBC Community Chest, provides financial grants to support a range of community projects initiated and led by our staff. Each year HSBC employees commit more than 4,000 volunteer hours to Australian charities.
To learn about the importance that the HSBC Group places on sustainability, please visit the Sustainability section on our corporate website.
Reconciliation Action Plans (RAPs) provide a framework for organisations to realise their vision for reconciliation. They are reviewed and endorsed by Reconciliation Australia, a not-for-profit that works to close the gap on Aboriginal and Torres Strait Islander disadvantage by working with corporates and other not-for-profits to develop solid employment, procurement and cultural awareness, and advocacy, commitments.
RAPs are practical plans of action built on relationships, respect and opportunities. They create social change and economic opportunities for Aboriginal and Torres Strait Islander Australians.
HSBC issued a Reflect level Reconciliation Action Plan which ran from 2017 to 2018, and aims to issue an Innovate Reconciliation Action Plan in the first half of 2019 as part of our ongoing and sustained commitment to reconciliation.