1、HSBC Holdings plc Annual Report and Accounts 202441Environmental,social and governance reviewOur ESG review sets out our approach to our environment,customers,employees and governance.It explains how we aim to achieve our purpose,deliver our strategy in a way that is sustainable,and build strong rel
2、ationships with all of our stakeholders.How we present our TCFD disclosuresOur overall approach to TCFD can be found on page 18 and additional information is included on pages 444 to 450.Further details have been embedded in this section and the Risk review section on pages 219 to 228.Our TCFD discl
3、osures are highlighted with the following symbol:42 Environmental 63 Social73 GovernanceShanghai,China,1870s.Waterfront View.TCFDESG reviewEnvironmental TCFDTransition to net zeroWe aim to support the transition to net zero and a sustainable future in partnership with our customers and other stakeho
4、ldersAt a glanceSupporting the transition to net zero is a key priority for HSBC.In 2020,we set an ambition to become a net zero bank by 2050.We continue to develop our capabilities,products and services to support our customers transition,reduce emissions in our own operations and partner for syste
5、mic change.We believe supporting our customers transition both benefits their business and helps generate long-term financial returns for our shareholders.Since we set our net zero ambition,we have seen promising progress in some vital areas of the decarbonisation challenge.Yet while the transition
6、has progressed,the global pace of change remains insufficient.We are limited by,and cannot on our own overcome,the present lag in policy measures and the overall slower pace of the transition.In our net zero transition plan published in January 2024 we committed to continually calibrate our approach