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HSBC launches five-year partnership

Last week HSBC announced its Water Programme, a new $100 million, five-year partnership with WaterAid, WWF and Earthwatch to tackle the global water challenge. The partnership will help WaterAid reach 1.1 million people with safe water and 1.9 million with sanitation in South Asia; Bangladesh, India, Nepal, Pakistan and the West African countries of Nigeria and Ghana.

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19 Jun 2012 | South Asia and West Africa

An official launch event was held at the Cutty Sark in Greenwich, London.

At the launch, WaterAid's Chief Executive Barbara Frost said: "There is no doubt that the HSBC Water Programme will truly transform lives of women, children and poor communities and improve social and economic development where there is great need."

The partnership launched against a backdrop of new findings by Frontier Economics on the economic value of water.

The report, prepared for HSBC, found that universal access to safe water and sanitation would amount to $220bn global economic gain, with a $5 return on every $1 invested.

WWF and Earthwatch

WWF's work will deliver a global programme to safeguard freshwater resources and enhance the potential of business and communities in emerging economies, focusing on five river basins.

Earthwatch will provide the employee volunteering element where HSBC employees across the world can volunteer for a day to receive education about global water issues, learn about the issues where they live and work, and take part in basic research.