Today, HSBC is setting out an ambitious plan to prioritise financing and investment that supports the transition to a net zero global economy – and helps to build a thriving, resilient future for society and businesses.
At the heart of the plan is a pledge to reduce financed emissions from our portfolio of customers to net zero by 2050 or sooner, in line with the goals of the Paris Agreement.
To do this, we’re intensifying our support for customers to switch to more sustainable ways of doing business. We believe we have the scale and global reach to play a leading role in advising them on their journey towards net zero and have an ambition to provide between USD750 billion and USD1 trillion of finance and investment by 2030 to help them achieve this goal.
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.”