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HSBC Targets Net Zero Carbon Emissions By 2050

Oct 9, 2020

Europe’s largest bank, HSBC has recently announced plans to commit to a target of net zero carbon emissions by 2050.

The bank has also pledged as much as $1tn of support in the next decade to help its clients become more environmentally friendly.

HSBC also said it aimed to be net zero in its own operations and supply chain by 2030.

Group Chief Executive Noel Quinn said: “HSBC has long been committed to opening up opportunities for our customers and the communities we serve. As we enter a pivotal decade of change, we have a landmark opportunity to accelerate our efforts to build a healthier, more resilient, and more sustainable future.

“Our net zero ambition represents a material step up in our support for customers as we collectively work towards building a thriving low-carbon economy.”

HSBC is also a current member of the Race to Zero campaign, you can find more information on their climate actions here.

Find out how to join the Race to Zero here.

 

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