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The Independent UK
The Independent UK
Business
Rebecca Speare-Cole

HSBC pushes back climate targets by 20 years and blames ‘lag’ in government policy

HSBC has pushed back a climate target to reduce planet-heating emissions caused by its operations and supply chain by 20 years.

Publishing its annual results, in which it confirmed a round of jobs cuts and cost-cutting plans, the UK’s largest bank announced sweeping updates to its strategy to achieve net zero emissions as a firm by 2050.

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