HSBC Expands Climate-Resilient Agriculture in Southwest Bangladesh

What's Happening?

HSBC, in partnership with Care Bangladesh, is advancing its climate-resilient agriculture initiative in Southwest Coastal Bangladesh through the Surjamoni project. This initiative aims to develop the sunflower value chain and promote adaptive vegetable farming, benefiting communities in Satkhira. The project addresses challenges faced by smallholder farmers, such as soil salinity and limited access to financial services and quality inputs. It focuses on the agriculturally rich yet climate-vulnerable regions of Kalaroa and Tala Upazilas. Surjamoni has reached over 600 households, supporting them in adopting climate-smart agricultural practices. In its first year, about 100 farmers cultivated sunflowers on 27 acres of fallow land, yielding over three times more profit than traditional mustard cultivation.

Why It's Important?

The Surjamoni project is crucial for enhancing the economic and environmental resilience of communities in Southwest Coastal Bangladesh. By promoting climate-smart agricultural practices, the initiative helps farmers overcome challenges posed by soil salinity and climate change. The project's focus on sustainable farming and market access strengthens local economies and food security. HSBC's involvement underscores the importance of corporate partnerships in driving climate adaptation and sustainable development. This initiative serves as a model for future interventions that empower communities and promote sustainable livelihoods in the face of climate change.

What's Next?

The Surjamoni project is expected to continue expanding its reach, potentially involving more farmers and increasing the cultivation of saline-tolerant crops. HSBC and Care Bangladesh may explore additional partnerships to scale the initiative and enhance its impact. The project could inspire similar efforts in other climate-vulnerable regions, contributing to broader climate adaptation strategies. As the initiative progresses, it may lead to improved food security and economic stability for the communities involved.