'The global pace of change remains insufficient': HSBC pushes back net zero target by 20 years

Michael Holder
clock • 5 min read
Credit: iStock
Image:

Credit: iStock

Banking giant cites challenges in tackling supply chain emissions and restrictions on the use of offsets as it defers ambition to reach net zero emissions by 2030

HSBC has pushed back its net zero target by 20 years, with the banking giant now aiming to meet the goal across its operations, travel, and supply chains by 2050. The company blamed challenges in tackling...

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

London Stock Exchange: Investor portfolios becoming less carbon intensive

London Stock Exchange: Investor portfolios becoming less carbon intensive

But new analysis confirms aggregate emissions for key investment benchmarks are still rising

James Murray
clock 19 September 2025 • 2 min read
Clean energy investment giant Gresham House to buy SUSI Partners

Clean energy investment giant Gresham House to buy SUSI Partners

Deal set to take assets under management to over £10bn and boost company's energy transition investment capabilities

Patrick Brusnahan, Investment Week
clock 19 September 2025 • 1 min read
'Too much capital on the sidelines': Government urged to ramp up transition finance

'Too much capital on the sidelines': Government urged to ramp up transition finance

Transition Finance Council calls on Ministers to scale up economy-wide transition planning and promote support for carbon intensive industries

James Murray
clock 16 September 2025 • 3 min read