Bank moves climate goals from 2030 to 2050 and waters down environmental targets in plan for Georges Elhedery

HSBC is delaying key parts of its climate goals by 20 years, while watering down environmental targets in a new long-term bonus plan for its chief executive, Georges Elhedery, that could be worth up to 600% of his salary.

The London-headquartered lender said it had launched a formal review of its net zero emissions policies and targets – which are split between its own operations and those of the clients it finances – after realising its clients and suppliers had “seen more challenges” in cutting their carbon footprint than expected.

Continue reading…

Source: https://www.theguardian.com/business/2025/feb/19/hsbc-net-zero-goal-delayed-20-years-ceo-bonus