Why we're working together
We’ve joined forces with HSBC and the World Resources Institute (WRI) to form the Climate Solutions Partnership.
The five-year philanthropic collaboration aims to scale up climate innovation ventures and nature-based solutions, and help transition the energy sector towards renewables in Asia, by combining our resources, knowledge and insight.
Together, with a network of local partners, we will help climate solutions scale into commercial reality with real-world impact.
Three areas of focus
The global initiative is powered by $100m of philanthropic funding from HSBC, allocated across three global themes over five years: climate-related innovation, nature-based solutions and energy efficiency initiatives in Asia. We see these three areas as having potential for significant impact in our mission to achieve a net-zero, resilient and sustainable future.
- Innovation: Entrepreneurs and start-ups developing cleaner technology often struggle to access the networks, financial backing and business-to-business support required for success. We will support their efforts through mentorship and connecting them with organisations interested in supporting their growth.
- Nature-based solutions are crucial to reducing carbon emissions, so we’re backing projects that help protect and restore biodiversity and enhance human wellbeing, and we’re demonstrating how nature-based solutions can be deployed at scale.
- Energy transition in Asia: Asia accounts for almost half of global energy demand. A successful energy transition from fossil fuels to renewables in this region is therefore critical to tackling climate change. Our projects in Bangladesh, China, India, Indonesia and Vietnam will help shift the energy sector towards renewables, and scale efficiency initiatives in key sectors such as healthcare, textiles and apparel.