HSBC Life (UK) Limited – our approach to considering sustainability risks and impacts of investment decisions environmental, social and governance (ESG) matters
HSBC Life Onshore Investment Bond
As a manufacturer of the HSBC Life Onshore Investment Bond, HSBC Life (UK) Limited (HSBC Life) is not directly involved in making investment decisions including considering ESG factors.
The HSBC Life Onshore Investment Bond has an ‘open architecture’ structure, which enables clients to invest a lump sum in a professionally managed portfolio of collective investment schemes (such as open-ended investment companies and unit trusts) available from a variety of fund management companies. We make ESG funds accessible via the HSBC Life Onshore Investment Bond and Financial Advisers have the ability to select these ESG funds as part of the recommended investment strategy to their clients.
HSBC Life makes no assessment on the funds selected. The Fund Managers of the chosen underlying funds assess and evaluate the risks and associated impacts of ESG policies, as well as the ongoing monitoring during the time the fund is included within the HSBC Life Onshore Investment Bond.
HSBC Life Funds*
HSBC Asset Management (UK) Limited manage these funds on behalf of HSBC Life.
We continue to embed our Global Insurance Sustainability procedures, which incorporates ESG considerations into our investment governance and processes. This policy includes restricting certain investments that may have a high adverse impact on society and the environment in line with HSBC’s sustainability risk policies and HSBC’s ambition to align their financed emissions to net zero by 2050 or sooner.
HSBC Asset Management (UK) Limited are signatories to Principles of the Responsible Investment and the Montreal Carbon Pledge. They have ESG responsible investing and investment stewardship practices in place, which can be found at:
www.assetmanagement.hsbc.co.uk/en/institutional-investor/about-us/responsible-investing
www.assetmanagement.hsbc.co.uk/en/institutional-investor/about-us/responsible-investing/stewardship
*HSBC life funds are not available in the HSBC Life Onshore Investment Bond. Instead they were fund options within a range of older savings and investment products that are no longer open to new business.