At a recent Climate Innovation Forum, Noel Quinn, HSBC’s CEO, said that in the last 12-18 months he has seen corporations proactively pursuing dialogues around decarbonisation and how to get there. He also mentioned that he believed this change has been caused by the realisation of the fragility of the world economy post-Covid.
Given Quinn’s position in the world economy, the panoramic view he has of the financial system and his active work with important economic actors, his words carry significant weight. Major global corporations actions will be vital in society’s transition to Net-Zero. Quinn saying that he is seeing significant shifts in HSBC’s clients across the world, may potentially signal a change towards a global economy where corporations play a more active role in decarbonisation.