Ultimately, if you want to increase your supply chain resilience and the sustainability of your organisation, you can’t do it alone. You need to take your clients and suppliers on the journey with you, ensuring you support them through the transition.
Jonathan Drew, Managing Director, ESG Solutions, HSBC Asia Pacific, touches on the importance of not simply walking away from clients who are high-carbon emitters, but supporting those who are willing to make changes.
HSBC, for example, supports clients in a number of ways. These include aiding them in lowering carbon emission, prioritising financing and investment that supports customers to transition to lower carbon emissions, increasing our portfolio of transition finance solutions, and applying a climate lens to all of our financing decisions.
After all, if organisations are going to become more sustainable, it’s going to require collaboration, both internally and with external suppliers and clients and we must recognise the journey.