'The science is clear': HSBC aims to cut oil and gas clients' emissions by a third by 2030

Michael Holder
clock • 4 min read
HSBC headquarters, London | Credit: HSBC
Image:

HSBC headquarters, London | Credit: HSBC

Banking giant unveils fresh goals for emissions on its balance sheet as it steps up efforts towards its 2050 net zero target

HSBC today unveiled a fresh target to slash emissions from its oil and gas financing portfolio by more than a third by the end of the decade, as the banking stepped up its efforts to align both its business...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

Google makes first investment in long-duration energy storage

Google makes first investment in long-duration energy storage

Google invests in Italy's Energy Dome to support plans to deploy commercially proven long duration storage technology

clock 25 July 2025 • 2 min read
Win-Win and the cocoa-free chocolate factory raises £3m for European expansion

Win-Win and the cocoa-free chocolate factory raises £3m for European expansion

Creators of UK's first cocoa free chocolate alternative Win-Win completes latest funding round, taking total capital raised to date to £8m

clock 24 July 2025 • 2 min read
SBTi launches industry-first net zero standard for banks and investors

SBTi launches industry-first net zero standard for banks and investors

Financial firms required to end project financing for new fossil fuel projects and assess and disclose exposure to deforestation risks to secure SBTi validation

Michael Holder
clock 22 July 2025 • 6 min read