HSBC has set a goal of being ‘net zero’ in terms of carbon emissions by 2050. Photo: Bloomberg
HSBC has set a goal of being ‘net zero’ in terms of carbon emissions by 2050. Photo: Bloomberg
HSBC
Business /  Banking & Finance

HSBC chairman: Transition financing needed to achieve 2050 ‘net zero’ climate goals, divestment not the answer

  • British charity ShareAction has targeted the bank over its financing for the fossil fuel industry
  • Overnight divestment not the best option for the environment or affected communities, says Mark Tucker

Chad Bray
Chad Bray

Updated: 11:54pm, 18 Jan, 2021

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HSBC has set a goal of being ‘net zero’ in terms of carbon emissions by 2050. Photo: Bloomberg
HSBC has set a goal of being ‘net zero’ in terms of carbon emissions by 2050. Photo: Bloomberg
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