Company Directory - HSBC Global Asset Management Ltd.
Company Details - HSBC Global Asset Management Ltd.
HSBC Global Asset Management Ltd.
WebsiteHSBC Global Asset Management Ltd. is a global asset management firm offering a range of investment management services to institutional and individual clients. As a subsidiary of HSBC, it leverages global financial expertise and resources to deliver diversified investment solutions and strategies.
CCI Score
CCI Score: HSBC Global Asset Management Ltd.
3.83
-0.01%
Latest Event
HSBC Holdings Political Influence 2024
An OpenSecrets profile reports that HSBC Holdings, associated with HSBC Global Asset Management, engaged in significant political spending during the 2024 cycle, including $270,236 in contributions and nearly $1.98M in lobbying expenditures, alongside a notable revolving door with 16 of 20 lobbyists being former government employees.
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OBJECTOR
HSBC Global Asset Management Ltd. is currently rated as an Objector.
Latest Events
- DEC312024
An OpenSecrets profile reports that HSBC Holdings, associated with HSBC Global Asset Management, engaged in significant political spending during the 2024 cycle, including $270,236 in contributions and nearly $1.98M in lobbying expenditures, alongside a notable revolving door with 16 of 20 lobbyists being former government employees.
-70
Political Contributions and Lobbying Efforts
March 29
HSBC Holdings allocated substantial funds to political contributions and lobbying (reporting $270,236 in contributions and $1,977,000 in lobbying spending), indicating heavy corporate political spending that can facilitate undue influence over policy. This level of financial engagement, coupled with the revolving door phenomenon, raises concerns about undermining democratic accountability.
-60
Executive Political Engagement
March 29
A significant proportion of HSBC Holdings lobbyists have previously held government positions (16 out of 20 in 2023 and 12 out of 15 in 2024), reflecting a revolving door dynamic. This connection between former public servants and corporate lobbying raises issues regarding conflicts of interest and the potential for preferential treatment of corporate interests over the public good.
- NOV012023
HSBC North America raised $115,887 during the 2023-2024 election cycle, as reported by OpenSecrets. This reflects the firm’s active engagement in political financing through its PAC operations.
-15
Political Contributions and Lobbying Efforts
March 29
The report indicates that HSBC North America’s PAC raised $115,887 in one election cycle, reflecting its involvement in political financing. From an anti-fascist perspective, corporate political spending without clear accountability raises concerns over potential support for authoritarian-leaning candidates or policies, warranting a negative score.
- FEB222022
On 22 February 2022, HSBC issued a detailed Human Rights Statement outlining its commitment to international human rights standards and ESG practices. The document emphasizes due diligence in the supply chain, policies on non-discrimination, ethical treatment of employees, and engagement with stakeholders, reflecting a robust approach to human rights and anti-authoritarian business practices.
+60
Public and Political Behavior
March 29
The publication of the human rights statement is a clear public demonstration of HSBC’s commitment to promoting human rights and ethical practices. This message reinforces a stance against authoritarian policies by advocating transparency and respect for human dignity in its operations and communications.
+70
Labor Relations and Human Rights Practices
March 29
The statement outlines comprehensive policies related to labor practices and human rights, including anti-discrimination measures and safeguards for employee and supply chain rights. These measures demonstrate an active effort to protect marginalized communities and counteract authoritarian practices.
- NOV032021
HSBC North America, affiliated with HSBC Global Asset Management Ltd., donated $61,000 to federal candidates in the 2021-2022 election cycle, reflecting the firm's engagement in political fundraising and potential influence on political processes.
-25
Political Contributions and Lobbying Efforts
March 29
The $61,000 PAC contribution illustrates corporate involvement in political financing. Although the donation is not explicitly directed toward far‐right or authoritarian candidates, such political contributions can facilitate undue corporate influence over democratic processes, warranting a negative score from an anti‐fascist perspective.
HSBC North America PAC Contributions to Federal Candidates • OpenSecrets
- APR202018
HSBC released its Modern Slavery and Human Trafficking Statement, outlining comprehensive policies and procedures to combat modern slavery across its operations and supply chains. The statement details efforts such as enhanced supplier audits, rigorous risk assessments, employee training on human rights, and active engagement in forums with government and civil society to address and prevent labor exploitation.
+70
Executive Political Engagement
March 29
HSBC’s CEO attended the inaugural Business Against Slavery Forum and the statement highlights active executive engagement with government and civil society partners. This proactive public political engagement is a positive signal in the fight against modern slavery.
PDF HSBC Modern Slavery and Human Trafficking Statement 2017
+80
Labor Relations and Human Rights Practices
March 29
The statement emphasizes HSBC’s commitment to protecting labor rights by detailing employee training on human rights, non-discriminatory practices, and internal channels for reporting grievances. These measures support fair and respectful treatment of workers.
PDF HSBC Modern Slavery and Human Trafficking Statement 2017
+75
Supply Chain Ethics
March 29
HSBC outlines robust measures for supply chain ethics, including enhanced audits of major suppliers, risk assessments for potential modern slavery risks, and contractual obligations to enforce ethical sourcing practices. These steps help mitigate human rights abuses within its supply chain.
PDF HSBC Modern Slavery and Human Trafficking Statement 2017
- FEB212017
HSBC’s statement outlines its comprehensive measures taken during 2016 to combat modern slavery and human trafficking. The document details policies on human rights in the workplace, supplier code of conduct, risk assessments of suppliers, and collaboration with law enforcement and civil society to monitor and prevent forced labor practices, reflecting a strong commitment to ethical practices.
+80
Labor Relations and Human Rights Practices
March 29
The statement emphasizes HSBC’s commitment to upholding human rights by ensuring fair labor practices and respectful treatment of employees, in line with modern human rights standards. It includes measures such as training, strict internal reporting lines, and adherence to internationally recognized principles, reflecting progressive anti-fascist labor practices.
+70
Supply Chain Ethics
March 29
HSBC’s statement details rigorous supplier oversight protocols including an updated Ethical and Environmental Code of Conduct for Suppliers, mandatory risk assessments, and the ability to terminate relationships with suppliers failing to meet ethical standards. These measures reduce the risk of complicity in forced labor and contribute to upholding human rights in the supply chain.
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