EU Delays Sustainability Rules, HSBC Exits Climate Alliance

Customers leave HSBC after sustainability 'misstep'

Save A leading business academic says a wave of companies may leave their banks if financial institutions fail to live up to sustainability aims. Ioannis Ioannou, a professor at London Business School, issued the warning after some companies said they would end their association with HSBC after the bank ended its membership of the Net-Zero Banking Alliance (NZBA). Speaking to Bloomberg, Ioannou said: “It demonstrates that corporate clients are w…

EU Delays Sustainability Rules, HSBC Exits Climate Alliance

This week, the European Union announced a two-year delay in implementing new sustainability reporting requirements for large companies. The decision, which has sparked debate among sustainability advocates and industry groups, aims to provide more time for companies to adapt to the complex reporting standards. Critics argue that the delay could slow down progress on transparency and accountability… Source