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HSBC softens climate transition goals; blames UK policymakers

( November 6, 2025, 15:46 GMT | Official Statement) -- MLex Summary: UK bank HSBC on Thursday released its refreshed climate transition plan, in which it relaxes its net-zero ambitions, shifting its interim sector-specific financed emissions targets from fixed figures to target ranges. “We are limited by, and cannot on our own overcome, the present lag in policy measures,” HSBC said. Meanwhile, the UK government is considering mandating the publication and implementation of transition plans for financial services — a measure that has drawn pushback from banks.Transition plan is attached....

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