What would you like to search for?

Climate Solutions Partnership
© Jittrapon Kaicome for WWF Thailand

About the Partnership

Hongkong and Shanghai Banking Corporation Limited (HSBC) has allocated more than 100 million dollars to funding to accelerate projects and develop a low-carbon economic development path whereby half the funding (50 million dollars) will go towards environmental projects in the Asia Pacific The fund is part of a cooperative partnership with the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) which will see finding provided for organisations or projects in the fight against climate change, which is currently the most urgent problem the world is facing.

Partnership Timeline
June 2021
HSBC announces the Climate Solutions Partnership which will see 100 million in funding be given accelerate projects and develop a low-carbon economic development path whereby half the funding (50 million dollars) will go towards environmental projects in the Asia Pacific

"Asia is particularly vulnerable to climate change, but it is also where solutions are emerging fast. In partnership with WRI and WWF, we are proud to be able to support the search for more innovative energy and nature-based solutions and technologies to build a greener region.." - Giorgio Gamba Cheif Executive Officer of HSBC Thailand

"This partnership between HSBC and conservative organisations is one way the private sector, which is vital in driving economic and social growth that goes in tandem with the environment, to show support." - Pimpavadee Phaholyothin, Cheif Executive Officer of WWF Thailand

Why FLR349?

The agricultural sector is responsible for 30% of GHG emissions and 80% of deforestation making it a key driver to the climate crisis. Systematic changes are needed in order to mitigate the issues. By applying nature-based and approaches, the FLR349 project attempts to convert environmentally harmful industrial monoculture agriculture into agroecology. A study commissioned to the National Science and Technology Development Agency (NSTDA) has shown that monoculture agriculture releases high amounts of GHGs while the FLR349 solution model and other mixed agricultural models act as carbon sinks and store more carbon that it releases helping contribute to the fight against climate change.

FLR349 Progress

Between 2017 - 2020 over 83,000 saplings were planted on nearly 73 hectares of degraded landsapes in the north of Thailand

In two provinces, 1,370 smallholder farmers have directly benefited from this initiative, and over 265 hectares of forests were restored. This includes 83,558 saplings of mixed varieties b being planted on 72.8 hectares as well as over a total of 200,000 trees being planted in Chiang Mai and over 38,000 trees being planted in Nan. Of this, 105.2 hectares were reforested and 95,703 trees were planted in 2020 alone. As a result, a total of 2,500 rai (400 hectares) of maize was converted from monoculture to sustainable agriculture practices

The project worked with local administrative organisations and farmer cooperatives to help 1210 smallholder farmers receive SDG PGS certification on 344 hectares in Nan. SGD PGS is an organic certification widely accepted by market places. Helping the smallholder farmers receive this certification has allowed them to build trust and be accepted by large retail businesses and other market places including local restaurants, hotels, schools and hospitals who now have improved access to safe foods as a result.

With support from HSBC through the newly established Climate Solutions Partnerships, WWF Thailand will have the access to funding and resources needed to further expand the project's impacts and contribute more towards the fight against the climate crisis.