- Video
- Sustainability
- Sustainable Supply Chain
Marking a first with Saint-Gobain in China
How we are helping a manufacturing client to create environmental and social impact across its supply chain.
Manufacturing and design company Saint-Gobain began as a glass and mirror manufacturer in 1665 and during the early years in its history, it produced the glass for the Hall of Mirrors at the Palace of Versailles.
Having expanded worldwide in the centuries since then, it recently achieved a first in its China-based operations with the creation of a sustainable supply chain financing programme, with HSBC’s support.
The importance of this?
An estimated three-quarters of global trade passes through supply chains, according to the Organisation for Economic Co-operation and Development. Keeping these sustainable needs to be a collective effort and can’t be done without engagement between the suppliers and the buyers, according to our regional co-head of Global Trade Solutions, Aditya Gahlaut.
Traditionally, supply chain management has all been about speed, cost and reliability of operations. What a sustainable supply chain does is add goals related to environmental and social impact across the supply chain. To have a wide-ranging impact, covering the entire ecosystem is important.
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Where our global footprint comes in
Paris-headquartered Saint-Gobain has a presence in 76 countries and employs 160,000 people worldwide, with innovation at the heart of its strategy.
“Sustainable supply chain investment is important for Saint-Gobain as it aligns with our purpose 'Making the World a Better Home’, said Peter Zhu, VP for China regional business at Saint-Gobain.
“This initiative will not only help Saint-Gobain reduce carbon emissions from the supply chains, but also promote the sustainable development of businesses in the supply chain.”
Our support helps large enterprises to reduce supply chain carbon emissions and promotes the sustainable development of enterprises in the supply chain.
It is also in line with Saint-Gobain’s goal to combat climate change by becoming carbon neutral by 2050.
The importance of the deal
As the world’s leading trade bank, our Net Zero Transition Plan recognises the value of decarbonising global trade and supply chains. In our Net Zero Transition Plan, we estimate that the total end-to-end emissions of major industry can be ten times greater than their direct emissions.
Our expertise in sustainable supply chain financing enables us to help tackle emissions reduction across the value chain, getting deeper into supply chains to support end-to-end emissions reduction.
The strong relationship between HSBC and Saint-Gobain has been built on mutual beliefs.
We rely on HSBC's local expertise and knowledge to help us address challenges and opportunities from the business environment. We believe HSBC will always be a trusted partner that shares our vision and values and supports our ambitions and goals to create values for both parties and for society.
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