Businesses see the commercial opportunity in climate transition

A significant majority (95%) of business leaders view sustainability as a commercial opportunity, alongside 79% of institutional investors, according to our survey.

Our first Sustainability Pulse Survey polled more than 1,600 corporates and 500 institutions in 12 markets globally.

Among the other key findings:

• 99% of corporates agree climate transition will be important for competitive advantage over the next 3 years
• 90% are actively integrating climate technology into their transition strategies
• 85% of institutional decision-makers believe companies with strong sustainability strategies are better positioned to attract long-term capital

“Sustainability is becoming an increasingly integral part of long-term business strategy, serving as a driver of resilience, innovation and growth,” said Julian Wentzel, our Group Chief Sustainability Officer.

“The findings of this survey demonstrate that we have the right strategy to achieve our ambition to be the bank of choice for our clients’ transition.”

Net Zero Transition Plan

Last month we published our updated Net Zero Transition Plan (NZTP), setting out an evolved, commercially grounded approach to helping customers succeed as the world moves towards a net zero economy.

Building on our inaugural NZTP published in January 2024, this updated plan reaffirms our ambition to become a net zero bank by 2050, while responding to a global landscape that has shifted markedly, making the pace of transition more uneven.

It’s informed by a deeper understanding of customer transitions, the latest scientific guidance, and the advantages of a simpler HSBC, better equipped to provide banking and investment solutions spanning sectors and value chains.