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HSBC Holdings plc

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Corporate Statistics
HSBC Holdings plc logo
Worker Rights Human Rights Political Influence Environmental Business Ethics

Note: this company is not yet rated

HSBC Holdings plc

8 Canada Sq. London UK
E14 5HQ
+44-20-7991-8888
http://www.hsbc.com

Type:

Public

The second-largest bank in the world by assets (behind Citigroup), HSBC Holdings is active throughout the UK and Europe, North and South America, Asia/Pacific, Australia, the Middle East, and Africa. All told, HSBC has some 10,000 offices in more than 80 countries, providing consumer and commercial banking services, credit cards, asset management, private banking, securities underwriting and trading, insurance, and leasing. Its North American operations include HSBC USA, consumer lender HSBC Finance, and HSBC Bank Canada.

Contents

[edit] Criticism

[edit] Business Ethics

  • HSBC Activist Levels New Criticisms: "Activist shareholder Knight Vinke Asset Management, which has been waging a campaign against HSBC Holdings PLC since September, added to its complaints against the banking giant."

[edit] Environmental

  • HSBC Banking on Deforestation: HSBC continue to invest in the notorious rainforest destroyer Sinar Mas in Indonesia. Sinar Mas continues to clear the rainforest habitat of the orang-utan, has been shown as recently as April 2010 to be in the process of clearing forest for palm oil plantations and is draining peatland in an internationally recognised wetland area to make the land suitable for palm oil production.

This is highly contradictory to the image of protecting the planet the bank often boasts. [1]

[edit] Praise

[edit] Brands & Subsidiaries

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