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HSBC Delays Green Targets Citing Slow Progress in Wider Economy

Summary by Bloomberg
HSBC Holdings Plc delayed a deadline to meet some key climate targets by two decades to 2050 and will review other goals, insisting its efforts are being hampered by the slow pace of global efforts on decarbonization.

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Investing.comInvesting.com

CFRA lifts HSBC stock price target to $69, maintains buy rating By Investing.com

CFRA lifts HSBC stock price target to $69, maintains buy rating

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thepatriotlight.comthepatriotlight.com

ThePatriotLight - HSBC Delays Net-Zero Goal by 20 Years, as US Financial Giants Walk Away From Climate Finance Coalition

ThePatriotLight - HSBC said it revisited its net zero ambition to take into account latest best practice guidance. HSBC has pushed back its goal of reaching net-zero carbon emissions across its operations and supply chain from 2030 to 2050, citing slower-than-expected progress in the wider economy.In its annual report, published on Wednesday, HSBC said it is now aiming to reach the net-zero target 20 years later than planned and only expects a 4…

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ReutersReuters
Reposted by
Fintech SingaporeFintech Singapore

HSBC delays net-zero emissions target by 20 years

HSBC is ditching its target of reaching net-zero carbon emissions across its business by 2030 because of slow change in the economy, the bank said on Wednesday, compounding fears from campaigners that the world's biggest lenders are rowing back on climate pledges.

·United Kingdom
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ESG DiveESG Dive

HSBC delays net-zero emissions goal by 20 years

Banking news

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The IndependentThe Independent

HSBC pushes back climate targets by 20 years and blames ‘lag’ in government policy

UK head office to bear brunt of job cuts as bank aims to slash staffing costs by £1.2bn

·London, United Kingdom
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biggleswadetoday.co.ukbiggleswadetoday.co.uk
+6 Reposted by 6 other sources

HSBC UK: major bank announces job cuts and delays net-zero emissions targets following results

The bank is making major changes, from job cuts to reshaping its climate strategy 🌍

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France24 broke the news in France on Wednesday, February 19, 2025.
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