Hang Seng Bank is a financial services provider and one of Hong Kong’s largest companies. The bank operates through four segments: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Other. Hang Seng Bank has more than 100,000 employees and 250 service outlets throughout Southeast Asia.
Hang Seng Bank holds itself to a high standard of corporate social responsibility. The bank has adopted the Equator Principles to integrate sustainability standards into its financing operations and has gone beyond those standards with guidelines for specific sectors as well. Hang Seng also strives to support the local economy by offering a wide range of products tailored specifically for small and medium-sized enterprises. The bank has created the Hang Seng Green Financing Scheme to finance companies to acquire equipment that will enhance energy efficiency and reduce pollution. Hang Sang Bank has a zero-tolerance stance on financial crime and stringent standards for assessing its suppliers, including requirements relating to environmental, social, and ethical practices. The bank continues to monitor each supplier’s practices following selection and reserves the right to randomly review a supplier’s policies and procedures. To address its direct impact, the bank has active conservation measures to help reduce its emissions, waste, energy consumption, water consumption, and paper usage.
Hang Seng Bank does not report trend data or have long-term goals for its key performance indicators. Additionally, neither the bank nor its subsidiary, Hang Seng Investment Management Limited, are signatories to the Principles for Responsible Investment.
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/16 and may not reflect current opinions or subsequent events.