HSBC is ditching its target of reaching net-zero carbon emissions across its business by 2030 because of slow change in the economy, the bank said on Wednesday, compounding fears from campaigners that the world's biggest lenders are rowing back on climate pledges.

LONDON (Reuters) - HSBC, Europe's biggest bank by assets, said on Wednesday it was pushing back its emissions-reduction goal to mid-century, as the real economy was moving too slowly to net zero, and would look to review its lending targets and policies.

HSBC pushes back climate target for operations and supply chain by 20 years - HSBC says factors ‘outside of our control’ affect its ability to meet its climate targets.