Updates at 12:16 PM ET with HSBC confirming withdrawal and comment and at 10:50 AM ET with NBZA comment in fifth paragraph. HSBC (NYSE:HSBC) withdrew from the Net-Zero Banking Alliance, the latest in ...

This story was originally published on ESG Dive. To receive daily news and insights, subscribe to our free daily ESG Dive newsletter. A group of investors who collectively manage 1.2 trillion pounds ...

HSBC announced an updated net-zero transition strategy last week, which included watered-down sector-specific 2030 targets for energy-intensive sectors including the oil and gas, power and utilities, ...

LONDON (Reuters) - HSBC is ditching its target of reaching net-zero carbon emissions across its business by 2030 because of slow change in the economy, the bank said on Wednesday, compounding fears ...

HSBC took a profit beat in the first quarter after legal provisions jumped. HSBC has put a 20-year delay on its climate target which aims to reduce emissions across the bank’s operations. Announcing ...

HSBC has set out a transition plan for the delivery of its 2050 net-zero target, which was first set in 2020 and which has seen the bank come under increasing pressure to address its historic support ...

HSBC (NYSE:HSBC) withdrew from the Net-Zero Banking Alliance, the latest in a raft of major banks that have left the group in the past eight months, according to a media report on Friday. Amid a ...