HSBC has introduced a new ‘Sustainability Tracker’ to assist businesses in Jersey, Guernsey, and the Isle of Man on their sustainability journeys. This free online tool allows businesses to assess their current sustainability status and prioritise their next steps through a tailored self-assessment process. The tool aims to help businesses across the islands understand and improve their sustainability practices.
The launch comes as more small and medium-sized enterprises (SMEs) strive to adopt sustainable business models. However, access to dedicated tools for facilitating climate action remains a challenge. Additionally, businesses face increasing pressure from stakeholders to integrate ESG reporting into their strategies and business models.