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Hang Seng Bank (China) Limited (hereinafter referred to as ‘Hang Seng China’) released its 2022 ESG report for the second consecutive year focuses on the active explorations and effective practices carried out by Hang Seng China in the ESG field in 2022.
According to the characteristics of Hang Seng China's business, we mainly disclosed the efforts and performance of corporate governance, environmental protection, employee well-being, customer service, public welfare undertakings, etc., and fully demonstrated the status quo and development plan of Hang Seng China in practicing ESG concepts and fulfilling corporate social responsibilities.
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Hang Seng China actively fulfills the corporate social responsibilities and promotes green and sustainable development, with a focus on ecological protection against climate change, rural revitalization, youth empowerment and sustainable community development.
For sustainable community development, we have launched a series of Future-themed CSR projects, including Seed the Future ecological restoration and biodiversity conservation project, Revitalize the Future rural revitalization project, and Enlighten the Future youth financial literacy improvement project. We will actively explore more CSR practices that are sustainable and win-win, to contribute to the green and sustainable development of the society, economy and ecological environment.
| About Hang Seng China Future-themed CSR Projects |
Seed the Future to Protect Ecosystem — Restore Forests and Mangroves, Unlocking the Power of Nature
Protecting the nature is essential for achieving carbon neutrality, enhancing climate resilience, and supporting the development of communities and residents. In 2022, Hang Seng China will invest more in ecological restoration projects, and cooperate with the SEE Foundation to carry out Nature-based Solutions in forests and coastal wetlands, aiming to enhance biodiversity, climate resilience, and ecosystem services.
Hang Seng China will initiate 3-year blue carbon ecosystem conservation for coastal wetlands in Fujian Province. This project will restore and plant mangroves on the land of 100 mu (6.66 hectares) to recover coastal wetland mangrove ecosystem and protect marine ecosystem and biodiversity. It also tries to explore community engagement in mangrove conservation to help the residents respond to climate change and natural disasters so as to promote coordinated and sustainable development of ecological conservation and community economy. In addition, we will carry out forest protection and restoration in Sichuan Province. The project will plant 28,750 firs and maples on the land of 500 mu (33.33 hectares) to restore the habitats of rare and endangered species and other wildlife, improve the living environment of wild animals, protect local biodiversity and enhance the ability of the local ecosystem and communities to adapt to climate change. The two ecological restoration projects are expected to sequester 7,550 tons of carbon dioxide in the next 30–40 years.
Seed the Future to Breed Harvests — Carry out Sustainable Utilization of Traditional Germplasm Resources to Improve Biodiversity
In 2022, Hang Seng China continues to carry out the conservation and sustainable utilization of biodiversity resources in Mojiang Hani Autonomous County, Yunnan Province, to explore community-based conservation and sustainable utilization of traditional purple rice resources, protect agricultural biodiversity, and enhance the ability of local communities to cope with climate change.
In June 2021, Hang Seng China, as the first foreign financial institution in China that is concerned about the conservation of traditional germplasm resources, jointly rolled out the project with Guangdong Harmony Foundation in Yunnan Province. Since the project already launched two years, Hang Seng China has deeply explored the connotation of the project, continued to promote the traditional purple rice germplasm protection plan, and used purple rice as a value bridge to build a connection mechanism between community ecological protection and sustainable development. Hang Seng China has carried out actions from multiple dimensions, such as consolidating the achievements of seed source bases, cultural inheritance of village communities, and rejuvenating the appearance of villages, to enhance local villagers' awareness, cultural identity and ability of traditional purple rice planting, and to stimulate villagers' endogenous motivation for development. At the same time, we strive to empower local women and inherit traditional culture, convey voices on international stages such as COP27 and COP15, and expand the influence of the project.
Revitalize the Future to Empower the Countryside — Support Rural Collective Cooperative and Promote Rural Revitalization
2022 was the third year in a row that Hang Seng China carried out rural revitalization CSR project. In early April, we kicked off the Love Guardians — Hang Seng China 2022 Revitalize the Future rural revitalization CSR project together with China Foundation for Rural Development and Beijing Huairou Chongho Rural Development Promotion Center. The project empowers rural collective economic organizations in Jintang County, Sichuan Province, integrates professional service resources in the township, establishes a localized agricultural and rural socialized service system, and explores and builds a model of rural revitalization with exemplary significance.
In 2020, Hang Seng China launched the first Love Guardians — Special Actions for Youth Employment project in less-developed areas in Shanxi Province. This project supported 120 young people from low-income families in Pinglu and Wanrong counties of Yuncheng who barely got jobs due to the COVID-19 pandemic, and promoted multi-channel employment and entrepreneurship. In 2021, Hang Seng China carried out the Love Guardians — Revitalize the Future project in Sichuan, to provide long-term and stable talent support for rural revitalization and promote common prosperity. This project benefited 50 low-income unemployed youths from Muli Tibetan Autonomous County, Liangshan Yi Autonomous Prefecture, Sichuan Province, and from Daying County, Suining, Sichuan Province through skills trainings and follow-up coaching, cultivated young entrepreneurial talents, and promoted sustainable development of local specialty industries.
Enlighten the Future to Empower Youth Future Skills — Improve Youth Financial Literacy, Empower Future Development
Since 2016, Hang Seng China has carried out the Youth Financial Literacy programme for Chinese Youths for seven consecutive years, which widely and deeply improves financial literacy education through innovative practice courses, teacher trainings and financial literacy competitions. In 2022, Hang Seng China has launched the Enlighten the Future — Hang Seng China 2022 Vocational School Financial Literacy programme for 8 vocational schools in Shanghai and Guangzhou, bringing about 2,000 class hours of comprehensive training to nearly 1,000 vocational school students. This course innovation combines the ever-changing financial tools and financial fraud means, new topics such as anti-fraud and financial risk prevention, and launched a series of innovative forms of activities such as class meetings, offline club activities, and employee volunteer sharing.
In addition, by building a professional cooperation and exchange platform, the project provides effective and systematic financial literacy education knowledge for vocational colleges, and provides expert support services for corresponding schools, helping vocational colleges innovate the teaching content of financial literacy education, enriching and deepening the project connotation. Through more complete teaching staff and better teaching level, it helps to improve the financial literacy of young people in vocational colleges.
Community Volunteering for a Better Future
Hang Seng China always encourages and supports the employees to attend community volunteering and give back to the community. In June 2022, employees of Hangzhou Branch and their families participated in a public welfare activity on biodiversity protection with the theme of "developing ecological agriculture and improving the ecological environment", carried out ecological planting activities, and protected the earth with practical actions; in July, employees of Guangzhou Branch and their families participated in the non-trace tour public welfare activity in Qiangang Ancient Village, Guangzhou, respond to the “Non-trace Forest" initiative concept, respect nature, reduce the impact of human activities on nature, and advocate a healthy and sustainable lifestyle.
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