HSBC is investing its time and resources in the HSBC Water Programme because water is vital to building healthy communities and developing local and national economies.
Launched in 2012, this is an eight-year, US$150m programme in partnership with Earthwatch, WaterAid and WWF and local project partners. It aims to provide and protect water sources, inform and educate communities in need, enabling people to prosper and driving economic development across the world.
In addition to the funding given to Earthwatch, WaterAid and WWF, the programme has allocated US$40 million to charities managing local water projects. Funding has been committed to 62 projects so far, in 35 countries, which were nominated by HSBC employees.
The Water Programme follows the success of the award-winning HSBC Climate Partnership, a five-year programme to reduce the impact of climate change on people, forests, freshwater and cities, and accelerate the adoption of low-carbon policies.
A quarter of the world’s population live in ecosystems under threat from water scarcity. In addition, there are nearly 800 million people without access to safe water and 2.5 billion people without access to basic sanitation.
It is estimated that 90 per cent of all population growth by 2050 will occur in regions where water is scarce and where there is currently no sustainable access to water. Furthermore, by 2050, the world’s top 10 river basins by population are expected to produce a quarter of all global GDP.
Access to safe water and sanitation is the first step out of poverty for individuals, whilst managing water resources effectively sustains ecosystems, industries and communities by protecting the vital water resources they depend upon.
The financial and human implications of these global water challenges are vast, yet there is a compelling case for investment in water. Globally, the average return on each US$1 invested in universal access to safe water and sanitation is just under US$5, according to a report published by Frontier Economics in June 2012.
The programme is having a significant impact around the world.
Click here to find out what we have achieved in four years of the programme.
Across the Americas, Asia-Pacific, Europe, the Middle East and Africa we aim to: