'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

Michael Holder
Author spotlight

Michael Holder

Editor

View profile
More from Michael Holder

Where next for carbon removals? Understanding a market that could prove critical to net zero goals

IRENA: Global renewable power capacity surged by 15 per cent in 2024

More on Investment

Transition finance: The time to have your say is now
Technology

Transition finance: The time to have your say is now

Chris Skidmore, Chair of the UK Transition Finance Council Policy Working Group, is calling on businesses to contribute to the debate on how to unlock investment in decarbonising energy-intensive industries

Chris Skidmore
clock 15 July 2025 • 5 min read
Specialist investors have a critical role to play in the climate transition
Venture Capital

Specialist investors have a critical role to play in the climate transition

As new technology becomes harder to understand and identify as a commercial opportunity, investors with deep technical knowledge will only become more valuable, writes British Business Bank managing director Christine Hockley

Christine Hockley, British Business Bank
clock 15 July 2025 • 4 min read
Study: Climate tech funding falls as energy security investment takes 'centre stage'
Energy

Study: Climate tech funding falls as energy security investment takes 'centre stage'

Nuclear, critical minerals, energy storage, and distributed power attract significant investment as investors 'wake up' to energy security concerns

Stuart Stone
Stuart Stone
clock 14 July 2025 • 3 min read