HSBC
Company Score
-0.15HSBC Holdings Plc engages in the provision of banking and financial services. It operates through the following business segments: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, Global Private Banking, and Corporate Centre. The company was founded on January 1, 1959 and is headquartered in London, the United Kingdom.
Read about HSBC and its impact below.
Impact notes
In 2018, HSBC faced data breach spanning over 10 days exposing customer's details to hackers
Sunny Dutt Sharma
Mon Aug 31st, 2020 at 1:42pm
In 2020, globally, on average, a data breach costs $3.86 million9. In the first half of 2019, 4.1 billion records were exposed due to data breaches. In 2019, cyber-crime cost businesses more than $2 trillion, and this cost is expected to reach $6 trillion by 20211. In 2018, banking industry experienced the most cyber-attacks, accounted for $18.3 million2.
HSBC advocates for LGBT+ community rights in the United Kingdom
Kat Licaros dela Cruz
Wed Aug 12th, 2020 at 8:48pm
According to the UN, more 1/3 of the world’s countries criminalize consensual, loving same-sex relationships, entrenching prejudice and putting millions of people at risk of blackmail, arrest and imprisonment.6
HSBC administrative glitch causes thousands of SMB loans in the UK to be wrongly assigned; about 42% applicants made to wait over a month before being turned down
akayyangar
Wed Aug 5th, 2020 at 8:13am
When the earlier introduced Coronavirus Business Interruption Loan Scheme (CBILS) seemed complicated and not borrower-friendly, which lead to poor response from affected small-to-medium-sized businesses (SMBs), the UK Government came up with an alternative called the Bounce Back Loans Scheme (BBLS)1, designed to be simpler and quicker.
In 2019, HSBC achieved a 66% reduction in total waste produced against a 2011 baseline
Santanu chaudhuri
Tue Aug 4th, 2020 at 8:15am
The world bank states that global waste generation will jump to 3.4 billion tons annually from the 2016 baseline and is projected to grow by 70% till 20501. E-waste is a significant waste contributor, with 53.6 million MT generated globally in 20192. Corporate offices also contribute to a substantial amount of all waste generated, including E-waste3.
HSBC supports education, training and employability for all
Rgrun1
Tue Jul 28th, 2020 at 5:41am
The UN has stated that in 2018, the world’s youth were 3 times more likely to be unemployed than adults and around one-fifth of young adults were neither in employment, education, or training. Young women are twice as likely to not be in any form of education or employment.1p;14-15 This is likely to have been exacerbated by the current situations surrounding COVID-19.
