HSBC Holdings plc has reaffirmed its commitment to achieving net-zero emissions by 2050 across its operations and financed activities. In its latest climate update, the bank announced a shift from fixed emissions reduction targets to target ranges for the near term.
This change reflects the evolving global market environment and the sector-specific challenges influencing decarbonisation efforts. HSBC noted that the revised approach aims to balance its long-term sustainability goals with practical business realities, while still ensuring progress towards a low-carbon economy.
Reference: HSBC Shifts Climate Targets While Maintaining 2050 Net-Zero Ambition
