At a glance
Our ambition is to become a net zero bank by 2050.
Supporting our customers is core to our strategy, and financing their transition is both critical to them and aligned to our net zero ambition.
Our Net Zero Transition Plan combines our conviction about the opportunity and necessity of the net zero transition, with pragmatism about what delivering on our ambition in a dynamic world will take.
It sets out the actions we’re taking and details how our approach is informed by and aligned with the goals of the Paris Agreement.
Our updated plan
Group CFO Pam Kaur and Group Chief Sustainability Officer Julian Wentzel discuss HSBC's updated Net Zero Transition Plan.
Electric boats that ‘fly’
We’re supporting Artemis Technologies to deliver its novel clean tech solution as the maritime industry faces up to the decarbonisation challenge.
Our progress
Our first Net Zero Transition Plan was published in January 2024, providing an overview of our net zero strategy and implementation plan.
Since then, we’ve made progress towards achieving net zero across our financed emissions footprint and in our own operations, and have deployed capital to support our customers’ transition to net zero.
Supporting our customers
We continue to believe that the greatest contribution we can make to real world emission reductions is to deploy our strengths in support of our customers’ transition.
We want to be our customers’ most trusted international financial partner through the transition, creating long-term value for them and our shareholders.
As part of our updated Net Zero Transition Plan, published in November 2025, we’ve tailored our approach to best serve our three key customer groups: Corporate and Institutional Banking and Commercial Banking customers; Institutional and Individual investors; and Personal, Premier and Private Bank customers.
Building on our progress towards our own net zero ambition and targets, our updated plan intensifies our efforts to be:
Customer focused
Further aligning our strengths, capabilities and capital to our customers’ evolving transition needs
Commercial
Pursuing with greater clarity the growing opportunities the transition affords our customers, shareholders and the economies we serve
Agile
Leveraging our simpler structure and responding pragmatically to a dynamic external environment
Our implementation plan
Reflecting our vision for our role in the transition, our Net Zero Transition Plan is structured around three implementation pillars:
Supporting our customers
We’re aligning our capital and capabilities with our customers’ transition goals, by tailoring our products and services to the specific needs of different customers around the world
Embedding net zero into the way we operate
We’re working to incorporate net zero considerations into our broader decision-making activities, our climate risk management framework, our metrics, and in our own operations and supply chains
Partnering for an enabling environment
We’re partnering with and engaging with governments, regulators, academia, civil society and other stakeholders to help accelerate the flow of capital towards the transition
