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HSBC, Walmart add science-based targets to supplier financing program

Under the new program, Walmart suppliers that have set at least three sustainability goals and are targeting 1.5C climate goals can get access to financing from HSBC

HSBC revamps Walmart sustainable SCF programme with science-based targets

HSBC and Walmart have introduced science-based emissions reduction targets into their sustainable supply chain finance (SSCF) programme, which sees suppliers who meet sustainability goals get cheaper financing. Set up in 2019, the SSCF programme for Walmart suppliers was one of the first of its kind. It was developed as a means to support the US .

Science based target for supply chains finance programs USA – ISN MAGAZINE

Science based target for supply chains finance programs USA – ISN MAGAZINE
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Exclusive: new ICC Banking Commission chair talks strategy | Global Trade Review (GTR)

Exclusive: new ICC Banking Commission chair talks strategy | Global Trade Review (GTR)
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ESG roundtable: In it for the long haul | Global Trade Review (GTR)

  GTR: Far from being a ‘nice to have’ in the good times, we know now that sustainability is increasingly integral to how businesses operate. According to a recent HSBC Navigator report, businesses that prioritised sustainability felt better prepared for the current crisis – an important factor going forward, given that environmental risks are likely to intensify. But to what extent do we now have buy-in from all parties in the trade ecosystem specifically that sustainability is good business? Sengupta: As we all know, Covid-19 has delivered a seismic shift in terms of underlining the importance of resilience in supply chains. It’s shone a spotlight on the role and responsibility of corporates to tackle environmental action, inequalities, social justice and the like. Interestingly, the observation has been that pre-pandemic, this has often been a buyer-led discussion. But what we’ve seen over the last months is that now it’s also a requirement from the smaller players

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