Our climate strategy

Our ambition to build a net zero global economy

Enabling a sustainable future

Since our foundation in 1865, we have opened up opportunities for our customers, communities, and wider society. We want to build a future that prioritises resilience, social mobility and the environment alongside economic growth.

We recognise the potential impact of climate change and have set out an ambition to align our financing portfolio to the Paris Agreement goals. Our aim is to accelerate the transition to a thriving low-carbon global economy through finance.

HSBC sets out net zero ambition

Find out how we plan to help build a thriving low-carbon economy.

We are proud to have won recognition as an industry leader for these efforts, including being named the World’s Best Bank for Sustainable Finance by Euromoney magazine for two consecutive years. But we also know that meeting the Paris Agreement goals will require even more effort and pace to ensure environmentally and socially responsible growth.

That’s why we have an ambitious plan to prioritise financing and investment that supports the transition to a net zero global economy – and helps to build a thriving, resilient future for society and businesses.

Our climate plan has three elements:

  • Support our portfolio of customers to make the transition
  • Unlock climate solutions and innovation
  • Transform HSBC into a net zero bank

To achieve these goals, we work with a range of stakeholders including charities, community groups, our employees, financial institutions, governments, non-governmental institutions and policymakers.

Providing sustainable finance

We help customers cut carbon while ensuring they continue to prosper. Our ambition is to provide between USD750 billion and USD1 trillion in sustainable financing and investment by 2030 to support them as they switch to more sustainable ways of doing business.

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  • Becoming a net zero bank

    We aim to reduce carbon emissions from our operations and supply chains to net zero by 2030 or sooner, and to align financed emissions from our portfolio of customers to the Paris Agreement goal of net zero by 2050 or sooner.

  • Climate solutions and innovation

    The transition to a net zero economy requires radical new solutions. We are pioneering new financing for nature-based climate solutions, and supporting promising and innovative clean technologies.

  • HSBC’s climate plan explained

    Get the detail on our work to support the global transition to a net zero carbon economy.

  • Climate glossary

    From net zero to natural capital, we explain 15 key terms you might hear in the debate on climate change.

ESG and responsible business

Access our ESG reports and policies and find out how we ensure we operate responsibly.

Sustainability risk

Download our sector-specific sustainability risk policies and get details of how we apply the Equator Principles.

Sustainability memberships

We work with a range of stakeholders, industry forums and groups to help shape the debate on sustainable finance and investment.

Purpose, values and strategy

Our ambition is to be the preferred international financial partner for our clients.

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HSBC news

HSBC joins global Net Zero Banking Alliance

HSBC is working with banks from 23 countries to help accelerate the transition to net zero.

We’re taking action on ESG

A new climate ambition and extra support for customers and colleagues are some of HSBC’s latest environmental, social and governance (ESG) highlights.

HSBC helps UK raise funds to fight climate change

We are advising the UK government on its first ever sovereign green bond.