Reported 2 days ago
HSBC has announced it will no longer pursue its target of achieving net-zero carbon emissions by 2030, attributing the decision to slow progress in the real economy. The bank plans to reduce emissions by 40% by 2030 and targets a net-zero goal by mid-century. The change follows an internal review, which revealed limited influence over technological and market conditions affecting emissions. Activists express concern that this move reflects a broader retreat from climate commitments within the banking industry.
Source: YAHOO