04 June 2008
Research released by HSBC Bank in time for World Environment Day on 5 June shows Australians want to be more environmentally friendly in their workplace but lack of incentive and poor leadership prevent them from doing so. The findings come from research by HSBC Bank into Australian opinions on corporate sustainability with 1,000 people surveyed across the country.
HSBC's research revealed four out of five Australians specifically look for environmental responsibility in their employer and more than 45 per cent of Australians want their employer to have stated policies on corporate social responsibility.
But as it stands, a third of Australians believe their organisation wastes both water and electricity and one in five Australians think their employer wastes electricity.
The research also demonstrates a gulf between Australian behaviours at work and at home when it comes to environmentally friendly actions. While 95 percent of those surveyed switch off their lights at home, only one in two will do the same at work.
So what would it take to make employees greener at work? Sixty-three per cent of Australians want management to lead by example to make green the norm. Fifty-four per cent feel they need guidance and training on the tactics to take to go green while one in two Australians want their employers to offer incentives to help employees reduce their organisation's impact on the environment.
Jennie Harris, Corporate Sustainability Manager at HSBC Bank Australia said: "World Environment Day is a timely occasion to re-evaluate both our individual contribution and that of businesses, towards tackling the climate change challenge we all face.
"This year HSBC is focusing on how employees can ‘be part of the solution' and raise awareness about climate change and respond to the challenge.
"Sustainability is at the heart of HSBC's strategy. The HSBC Group went carbon neutral in November 2005 and we constantly re-evaluate our operations around the world to continue reducing our environmental impact.
"In 2007, HSBC announced the launch of both the US$100 million HSBC Climate Partnership and the US$90 million Global Environmental Efficiency Program and appointed Lord Nicholas Stern (author of the landmark 2006 Stern Review on the Economics of Climate Change) as advisor on Economic Development and Climate Change.
"HSBC continues to focus on managing our environmental footprint as well as sustainability in risk management, in business development and our community initiatives. Encouraging employees to be part of the climate change solution is critical – for HSBC and for Australian businesses in general."
The HSBC research showed:
Notes to editors
HSBC Bank Australia
In Australia, the HSBC Group offers an extensive range of financial services through a network of 35 branches and offices. These services include personal and commercial financial services, financial planning, trade finance, treasury and financial markets, payments and cash management and securities custody.
Principal HSBC Group members operating in Australia include HSBC Bank Australia Limited (ABN 48 006 434 162), HSBC Bank plc (ABN 98 067 329 015), The Hongkong and Shanghai Banking Corporation (ABN 65 117 925 970) and HSBC Precious Metals (Australia) Limited (ABN 98 001 930 392). HSBC is marketed worldwide as 'the world's local bank'.