HSBC softens near-term emissions targets for polluting sectors
1. HSBC announces new, softer climate targets for oil and gas sectors. 2. The adjustments reflect the slow pace of real economic changes.
FAQ
Why Neutral?
HSBC's revised targets may align with market expectations, mitigating immediate backlash. Similar adjustments in the past didn't significantly influence stock prices.
How important is it?
While this signifies HSBC's adaptability, market volatility limits its overall impact on prices.
Why No Impact?
The change reflects gradual industry trends rather than sudden policy shifts; no immediate economic effect expected.