2min chapter

HSBC Global Viewpoint: Banking and Markets cover image

HSBC Transition Pathways: Unlocking the energy pathway

HSBC Global Viewpoint: Banking and Markets

CHAPTER

Transitioning to Net Zero Is Important to Business Growth

95% of energy companies that we spoke to said that transitioning to net zero is important to the business growth. And it suggests that there's pretty strong consensus out there about the business case for change. I'm not surprised at all, but it is now becoming a central part of business strategy and how companies look at their future growth trajectories. Now, will it go fast enough to avoid the most dangerous climate change? Will we keep within one and a half degrees? Really difficult open questions, but certainly the push towards decarbonisation is evident everywhere.

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