Reported about 8 hours ago
Julian Wentzel, HSBC's new Chief Sustainability Officer, argues that banks should stop penalizing clients with large carbon footprints, emphasizing the importance of the carbon economy for energy security. He suggests that the focus should shift towards facilitating a transition to a low-carbon economy rather than constraining fossil fuel investments. As global warming targets become increasingly challenging to meet, HSBC remains committed to achieving net zero financed emissions by 2050, despite growing skepticism in the financial sector about net zero strategies.
Source: YAHOO