HSBC – Interim Target A

achieve net zero in our own operations and supply chain by 2030 or sooner
by
2030
Description of Interim Target

There is not, at this stage, a commitment to decreasing oil and gas financing by a certain amount within a set timeframe. HSBC has stated that its “primary objective is financing the transition” and that it will “continue to support energy clients” – albeit with stricter requirements. Coal financing will, as previously confirmed, be ended in OECD nations by 2030 and elsewhere by 2040.

% reductions committed to
Interim Target
achieve net zero in our own operations and supply chain by 2030 or sooner
Baseline Emissions