HSBC net zero goal delayed 20 years, as CEO offered 600% bonus

<p>Bank moves climate targets from 2030 to 2050 and waters down environmental goals in plan for Georges Elhedery</p><p>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.</p><p>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.</p> <a href="https://www.theguardian.com/business/2025/feb/19/hsbc-net-zero-goal-delayed-20-years-ceo-bonus">Continue reading...</a>