HSBC pledges to reach net zero financed emissions by mid-century

Cecilia Keating
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HSBC is Europe's second largest funder of fossil fuels
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HSBC is Europe's second largest funder of fossil fuels

But bank's commitment to decarbonising its financing by mid-century, on top of its supply chain and operations by 2030, is slammed by campaigners as "empty" and an "attempt to buy time" due to its failure to commit to divest from coal and oil and gas

HSBC has become the latest bank to commit to achieving net zero financed emissions, announcing this morning that it intends to align its portfolio of investments and debt financing with global climate...

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