HSBC puts focus on sustainability execution after board criticism
The bank was asked to “better define core areas of the group’s sustainability execution programme", including accountability and governance.
HSBC is shaking up its sustainability governance to focus on execution after critical feedback from its board of directors – and has created a new Sustainability Execution Committee tasked with overseeing the delivery of the bank’s climate targets, CSO Futures can reveal.
The multinational bank, which manages over US$662 billion for clients globally, published its first net zero transition plan in January, laying out in 100 pages how it plans to provide US$750 billion to US$1 trillion in sustainable finance and investment by 2030 and become a net zero bank by 2050, including financed emissions.
