HSBC unveils net zero transition plan: Pioneering steps towards sustainable banking

In a move towards environmental responsibility, HSBC, one of the world’s largest international banks, has unveiled its Net Zero Transition Plan. 

The comprehensive strategy outlines the bank’s commitment to achieving net zero carbon emissions by 2050 and aligning its financing portfolio accordingly. HSBC aims to reduce its on-balance sheet financed emissions and set emissions targets for key carbon-intensive sectors by 2030.