Thailand Financial News

Consumers can now do something to help the environment by taking up a financial product or carrying out a banking transaction with HSBC.

In a pioneering move to engage its customers in environmental conservation, the bank is launching the HSBC Green Sale from 28 June to 28 July.

Aside from offering customers great deals and discounts on the bank’s products, HSBC will also donate $2.80 for every new product sold Applicable to every newly approved credit card, home loan, auto loan, ValueTerm Insurance, travel insurance and new sign-ups for HSBC Infinity or HSBC Premier. to support local environmental research every time a customer signs up for any of the products or services featured in its annual bankwide sale. The HSBC Green Sale will include offers on credit cards, personal line of credit, life and travel insurance, home and auto loans, as well as HSBC Infinity and HSBC Premier during the sale period. In an effort to encourage customers to reduce their paper trail, HSBC will also pledge 28 cents every time a customer enrols for HSBC internet banking or e-statements, and for every Quickcash or online transaction including online bill payments and telegraphic transfers carried out during the sale period. HSBC will use the funds raised from its Green Sale to support an eco-survey by the National Parks Board on the effects of Climate Change in the Bukit Timah and Central Catchment nature reserves. The study will examine changes to Singapore’s rainforests and their biodiversity over the past decade and help to provide environmental experts with useful insights into the health of our nature reserves and the possible effects of climate change. Guy Harvey-Samuel HSBC CEO said, “Our annual bankwide sale has always been popular with customers for offering great value on a wide range of products. In introducing the ‘green’ element to our bankwide sale this year, we seek to go beyond the conventional value we’ve delivered to them by helping them to invest in the future of our environment, which has the potential to impact our lives in a huge way. It is in the interest of our customers and businesses like ourselves to do everything we can to help protect and conserve our environment, and we hope to raise, with the support of our customers, at least S$50,000 for environmental research from the HSBC Green Sale.” The deals and savings that HSBC is offering in its Green Sale include:

Credit Cards Home Loans

$280 worth of shopping voucher for completed properties, with a minimum loan size of S$500,000 Auto Loans

2.8% p.a. interest plus get two free premium car grooming sessions for every eight purchased at S$1,050 (U.P. S$1330) Personal Line of Credit

2.8% p.a. for three months for fund transfer HSBC Infinity

$28 voucher for new sign-ups HSBC Premier

$128 voucher for new sign-ups Insurance

$28 voucher for each ValueTerm plan purchased Travel Insurance

28% off premiums for online purchase of TravelSurance Plus.. Personal Internet Banking

28 lucky internet banking customers who log on to QuickCash

Every 100th customer who performs a QuickCash transaction will win $28 Care for Nature with HSBC’s ‘Green’ Bag

In a bid to encourage environmental consciousness among consumers, HSBC will also be giving away a reusable limited edition HSBC’s ‘Green’ Bag to customers for every product purchased Applicable for every newly approved credit card, home loan, auto loan, ValueTerm Insurance, travel insurance and new sign-ups for HSBC Infinity or HSBC Premier. The Climate Partnership

The HSBC Green Sale is in support of the Bank’s US$100 million (S$153 million) global programme, called The Climate Partnership, to tackle the urgent threat of climate change. On the local front, HSBC has also spent another $50,000 to send a team of six youth leaders and an NParks officer to northern Queensland to participate in an ongoing EarthWatch research project on climate change in the rainforest. On their return, they will apply the skills and techniques that they have learnt to help kick start the survey project in the nature reserves. A team of HSBC Green Volunteers – HSBC staff who have been trained to lead conservation projects – will also be participating in the study. Guy added, “The HSBC Green Sale is another step in our commitment to build a socially and environmentally responsible business for the benefit of our customers, staff, and the community at large. Through the HSBC Green Sale we hope to engage our customers to join hands with us in conserving our environment and help raise awareness of important environmental issues such as climate change in the larger community.” HSBC was named the FT Sustainable Bank of the Year in 2006 in recognition of its environmental leadership. In 2005, HSBC also became the first major bank in the world to go carbon neutral. — www.theasianbanker.com (June 28 2007)–