The partnership signifies the collaboration of the NGOs with the bank on the HSBC Water Programme launched in 2012.
On the occasion of World Water Day HSBC, along with its partners WWF, WaterAid and Earthwatch, called for attention towards the issue of water resource management.
HWP is a US$ 100m five-year partnership towards delivering water provision, protection, information and education across the world, enabling economies to prosper and supporting socioeconomic development.
The programme supports the United Nations Millennium Development Goal to ‘reduce by half the proportion of people without sustainable access to safe drinking water and basic sanitation by 2015 compared with 1990 levels.’
In India, HSBC works with various large NGOs and has made significant financial commitments over 2012 and 2013 on various projects. The projects cover nine states and have thus far positively impacted 508,040 people directly through WWF and WaterAid and 78,000 people directly through the other partnerships
Speaking on the occasion Naina Lal Kidwai, Director HSBC Asia-Pacific and Country Head, India said, “Access to safe water and sanitation is the first step out of poverty for individuals; managing water resources effectively sustains ecosystems, industries and communities by protecting the vital water resources they depend upon. HSBC along with its partners WWF, WaterAid and Earthwatch is committed to driving economic and social development to help communities prosper. We have prioritized the need to develop awareness and create change towards water sanitation, conservation and management and look forward to seeing its compounded positive impact on society.”
In India, HWP focuses on 4 projects which tackle the following:
- River conservation of the Ganga
- Providing safe water and sanitation of the northern states of India such as Madhya Pradesh, Chhattisgarh, Uttar Pradesh and Bihar
- Urban Freshwater Management
- Development of model village which provides safe and sustainable water supply