HSBC Insurance (Singapore) Pte., Group Term life and Group Medical Insurance Portfolios in Singapore

HSBC Insurance (Singapore) Pte., which encompasses the Group Term Life and Group Medical Insurance Portfolios, currently does not have specific emissions data available for the most recent year. As a result, there are no recorded emissions figures in kg CO2e, nor are there any defined reduction targets or climate pledges at this time.

However, it is important to note that emissions data and climate commitments may be cascaded from its parent organization, HSBC Holdings plc, which operates at a higher corporate level. This relationship indicates that while specific emissions data for HSBC Insurance (Singapore) Pte. is not available, the broader initiatives and commitments of HSBC Holdings plc may influence its operations.

HSBC Holdings plc has been actively involved in various climate initiatives, including the Carbon Disclosure Project (CDP) and the RE100 initiative, which aims for 100% renewable energy. These initiatives reflect a commitment to sustainability and reducing carbon footprints across its global operations, including those of its subsidiaries.

In summary, while HSBC Insurance (Singapore) Pte. does not currently report specific emissions data or reduction targets, it is part of a larger corporate structure that is engaged in significant climate action through its parent company, HSBC Holdings plc.