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.
HSBC Net Zero Transition Plan 2025
Duration: 2:35
Speakers:-
Pam Kaur, Group Chief Financial Officer, HSBC
LinkedIn - Julian Wentzel, Group Chief Sustainability Officer, HSBC
LinkedIn
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Our Net Zero Transition Plan
Pam Kaur
Group Chief Financial Officer, HSBC
[Pam]
It’s great to be talking to you today about our updated Net Zero Transition Plan.
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Why has HSBC updated its Net Zero Transition Plan?
Julian Wentzel
Group Chief Sustainability Officer, HSBC
[Julian]
Our updated plan aligns to the Group strategy.
Our ambition is unchanged – to become a net zero bank by 2050.
Supporting our customers is core to our strategy and financing our customers’ transition is both critical to them and aligned to our net zero ambition.
Since our first Transition Plan, the external environment has evolved significantly and we have simplified HSBC – our updated plan reflects this.
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Customer focused
Commercial
Agile
[Julian]
Building on our progress towards our ambitions and targets, our updated plan intensifies our efforts to be customer focused, commercially driven and agile, leveraging a simpler structure in responding pragmatically to a dynamic external environment.
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What progress has HSBC made so far?
[Julian]
We’ve made significant progress so far, mobilised $54.1 billion in sustainable finance and investment in the first half of 2025, a 19% increase year-on-year.
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Mobilised $54.1 billion
19% increase year-on-year
[Julian]
We have reached a total of $447.7 billion since 2020, progressing towards our $750 billion to $1 trillion 2030 ambition.
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$447.7 billion since 2020
$750bn-$1trn 2030 ambition
[Julian]
We reviewed around 4,000 corporate customers’ transition plans, strengthening the bank’s understanding of their priorities, constraints and capital needs.
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What does this mean for our customers?
Pam Kaur
Group Chief Financial Officer, HSBC
[Pam]
So our ambition for net zero reflects our intention to be our customers’ most trusted international financial partner, and to seek to drive long-term value for our shareholders.
We are working to put our customers at the heart of this.
How will they benefit from our updated plan?
[Julian]
Driving the energy transition globally will demand vast capital around $5 trillion annually through to 2030 – a scale where HSBC’s global reach and expertise can play a valuable role.
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$5 trillion capital investment annually through 2030
[Julian]
We are directing our financing and capabilities towards the biggest areas of opportunity, mobilising capital where customers demand and our real economy impact can be the greatest.
[Pam]
For 160 years, we have been helping our customers thrive and grow through complexity and challenge.
Our updated Transition Plan has been developed in the spirit of putting the needs of our customers at the heart of everything we do.
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HSBC | Opening up a world of opportunity
© HSBC Group 2026
Our updated plan
Group CFO Pam Kaur and Group Chief Sustainability Officer Julian Wentzel discuss HSBC's updated Net Zero Transition Plan.
HSBC Artemis Technologies
Duration: 1:35
Speakers:
- Dr Iain Percy OBE
CEO, Artemis Technologies
LinkedIn (opens in new window) - Kiera McSorley
Finance Director, Artemis Technologies
LinkedIn (opens in new window) - Rory Clarke
Relationship Director, HSBC
LinkedIn (opens in new window)
[Dr Percy]
I love technology and I love finding solutions to the decarbonising challenges.
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Banking on Net Zero
Artemis Technologies
[Kiera]
The maritime industry is one of the most polluting industries across the world.
Artemis technologies design and manufacture zero emissions hydrofoiling vessels for the commercial maritime sector.
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Kiera McSorley
Finance Director
Artemis Technologies
[Dr Percy]
From the beginning, I felt there was a genuine alignment between HSBC’s mission
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Dr Iain Percy OBE
CEO
Artemis Technologies
[Dr Percy]
to increase and decarbonise financing and our mission to decarbonise maritime.
[Kiera]
Artemis vessels are net zero in operation.
They run on electric and hydrofoil.
So, there’s huge energy savings, which really can transform business cases for our customers.
[Dr Percy]
We’re solving decarbonising problems and saving our customers money.
The Artemis eFoiler technology is a combination of a number of technologies from aerospace, automotive and maritime that achieve this step change in efficiency.
[Rory]
Artemis are on an exciting journey.
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Rory Clarke
Relationship Director
HSBC
[Rory]
The ability to provide a cleaner, greener future for us all is incredibly important for HSBC.
[Dr Percy]
We’ve worked with HSBC for a number of years now.
What I really liked early on was they had a genuine marriage between the environmental aspirations and what that meant day to day.
[Kiera]
For Artemis, it was really important that we had a finance and banking partner that had a shared vision.
[Rory]
HSBC is supporting Artemis through our products, our expertise and our access to global markets.
[Dr Percy]
The overall decarbonising challenge, of the maritime industry has a way to go, and we need to come together and collaborate.
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HSBC | Opening up a world of opportunity
© HSBC Group 2026
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
Downloads and further resources
Content last updated: 28 May 2026