HSBC Says Clients Can Derisk Supply Chains With CO2 Cuts (1)

Companies can mitigate risks and cut costs by reducing greenhouse gas emissions in their supply chains, according to HSBC Holdings Plc.

Businesses need “to consider climate risk and the associated financial and environmental benefits of addressing supply chain emissions solutions,” Marissa Adams, Americas’ head of global trade solutions at HSBC, said in a statement on Wednesday.

The comments were published in connection with a study put together by CDP in collaboration with HSBC, measuring the financial gains corporates stand to reap by cutting their emissions.

The potential costs from climate change are almost three times greater than the ...