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HSBC, Other Banks Set Climate Targets for Loans, Investments

  • Lenders, insurers to cement asset-class goals in two years
  • Thirty European firms, seven in North America have committed
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HSBC Holdings Plc, Societe Generale SA, BNP Paribas SA and other banks, insurance companies and financial firms around the world moved a step closer to reducing their contributions to greenhouse-gas emissions.