HSBC softens near-term emissions targets for polluting sectors

Core Viewpoint - HSBC has announced new, softer near-term climate targets for sectors such as oil and gas, reflecting the slow pace of change in the real economy [1] Group 1 - The new climate targets are aimed at addressing the challenges faced by the oil and gas sectors [1] - HSBC's decision indicates a recognition of the gradual progress in achieving climate goals within the industry [1] - The adjustments in targets may influence investment strategies and stakeholder expectations in the energy sector [1]