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Position statements

Our 14 position statements set out our approach on providing financial services to clients who face specific issues or operate in sectors that are associated with potentially high E&S risks. These statements are applied across our Wholesale Banking business.

The position statements provide our clients with guidance on sound E&S management practices. They also serve as a compass for our financing decisions.

The statements cover 11 sectors: bio-fuels, dams, forestry and palm oil, fossil fuel power generation, gaming and gambling, mining and metals, nuclear power generation, oil and gas, ship breaking, tobacco and transportation of hazardous materials – and three issues: climate change, child labour and water.

To ensure that our position statements match our exposure to high-risk sectors, we track and monitor this on an annual basis. Our exposure in 2010 is shown in the table below.

Table 4: Our 2010 sector lending

 2010
 Asia Pacific USDmillion 
 Hong KongSingaporeKoreaOther Asia PacificIndiaMiddle East & Other S AsiaAfricaAmericas UK & EuropeTotal
Loans to individuals                  
Mortgages 18,245 10,689 23,061 14,679 2,124 1,331 194 339 70,662
Other 4,237 6,306 5,549 6,034 721 2,593 774 2,699 28,913
Small and medium enterprises 2,314 2,944 4,568 4,938 2,102 575 132 2 17,575
Consumer Banking 24,796 19,939 33,178 25,651 4,947 4,499 1,100 3,040 117,150
Agriculture, forestry and fishing 320 360 36 708 186 110 879 1,278 3,877
Construction 193 119 356 389 387 764 67 179 2,454
Commerce 3,975 5,852 780 4,382 570 4,186 575 6,227 26,547
Electricity, gas and water 406 347 119 949 5 279 177 1,378 3,660
Financing, insurance and business services 4,359 3,363 385 3,611 984 3,135 174 7,479 23,490
Governments 1,542 3 572 2 293 70 1,971 4,453
Mining and quarrying 554 884 571 225 197 266 6,390 9,087
Manufacturing 4,965 1,472 3,426 8,975 2,598 2,858 1,128 6,895 32,317
Commercial real estate 2,365 2,775 1,314 967 675 819 1 472 9,388
Transport, storage and communication 1,462 2,362 409 1,063 762 763 391 5,815 13,027
Other 182 369 179 328 6 253 87 184 1,588
Wholesale Banking 18,781 19,445 7,007 22,515 6,400 13,657 3,815 38,268 129,888
Annual Report and Accounts 2010