The Indonesia Net Zero Summit: Industrial Decarbonization at All Cost, held on 11 November in Bali, opens a new chapter in the country’s journey towards achieving Net Zero Emissions. Across five panel discussions, and with fireside chats as well as breakout sessions in between, the summit put leading industry actors on center stage as they shared invaluable learnings gained from their respective company/organization’s efforts in taking the necessary climate actions. Among these companies was HSBC, one of the world’s largest banking and financial services providers who is taking real actions to reduce emissions along and beyond their value chain.
HSBC believes that in order to realize a more sustainable, resilient, and prosperous future, “we need to work with our customers to support their transition to lower carbon emissions.” This future depends on finance and investment at scale. Therefore, HSBC is mobilizing finance and helping to accelerate innovation to make this happen.
As the Asia’s Best Bank in Sustainable Finance (awarded by Euromoney Awards for Excellence 2022), HSBC offers solutions to help customers meet their sustainable development goals and boost environmental, societal and governance (ESG) profile.
Kelvin Tan, Managing Director, Head of Sustainable Finance & Investment ASEAN for HSBC was present at the summit as a panelist for the fifth panel discussion, “Engagement Through Financial Sector”. During the discussion, he highlighted that as a bank, their largest emissions lie in their Scope 3, which is none other than emissions from their financing activities. And the only way to get to net zero emission is to work with clients, both in Indonesia and globally.
The Indonesia Net Zero Summit 2022 became an opportunity for leading actors and companies in the national net zero movement such as HSBC Indonesia to accelerate collective actions in building a low-carbon economy and realizing a climate-resilient Indonesia.