Sign in Join
2 min read Banking

Green economy businesses leave HSBC after bank’s NZBA exit

“All companies that believe in net zero should ditch HSBC.”
Melodie Michel
Melodie Michel
Green economy businesses leave HSBC after bank’s NZBA exit
Photo by Chuck Eugene on Unsplash

UK businesses dedicated to the green economy are leaving HSBC after the bank announced its departure from the Net Zero Banking Alliance (NZBA) last week.

“All companies that believe in net zero, aka the green economy – should ditch HSBC,” wrote Dale Vince, Founder of UK green energy company Ecotricity, in a Linkedin post announcing that his business would now be taking its £600 million turnover elsewhere.  

This post is for subscribers only


You might also like...

Jan
23
For the first time, renewables generate more electricity than fossil fuels in the EU

For the first time, renewables generate more electricity than fossil fuels in the EU

“The next priority for the EU should be to put a serious dent in reliance on expensive, imported gas."
2 min read
Jan
22
World invests 30 times more to destroy nature than to protect it

World invests 30 times more to destroy nature than to protect it

Investment in nature-based solutions needs to grow by 2.5 times to US$571 billion per year by 2030.
2 min read
Jan
22
US accelerates permitting process for deep sea mining projects

US accelerates permitting process for deep sea mining projects

“Deep seabed mining is key to unlocking a domestic source of critical minerals for the United States."
2 min read
Jan
21
Sustainability regulation in 2026: From frameworks to enforcement

Sustainability regulation in 2026: From frameworks to enforcement

Across regions and regulatory themes, a consistent message emerges: preparation must extend beyond the reporting function.
5 min read
Jan
21
World entering ‘water bankruptcy’ era – adaptation necessary

World entering ‘water bankruptcy’ era – adaptation necessary

"Water bankruptcy is not a series of isolated local crises, but a shared global risk that demands a new type of response."
2 min read