HSBC becomes first UK bank to quit industry’s net zero alliance

Campaigners condemn troubling' move that follows departure of six of largest US banks after Trump's election

HSBC has become the first UK bank to leave the global banking industry's net zero target-setting group, as campaigners warned it was a troubling" sign over the lender's commitment to tackling the climate crisis.

The move risks triggering further departures from the Net Zero Banking Alliance (NZBA) by UK banks, in a fresh blow to international climate coordination efforts.