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HSBC Exits Banks’ Climate Coalition Abandoned by Wall Street

Bloomberg · last updated

HSBC Holdings Plc has left the world’s biggest climate alliance for banks, which was rocked earlier this year by an exodus of the biggest lenders in the US.

In a statement announcing its departure from the Net-Zero Banking Alliance, which was posted Friday, HSBC said it remains “resolute” in its long-term ambition to achieve net zero financed emissions by 2050.

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