Exclusive: HSBC targets net zero emissions by 2050, earmarks $1 trillion green financing

LONDON (Reuters) – HSBC HSBA.L will target net zero carbon emissions across its entire customer base by 2050 at the latest, and provide between $750 billion and $1 trillion in financing to help clients make the transition, Chief Executive Noel Quinn told Reuters.

FILE PHOTO: HSBC logo is seen on a branch bank in the financial district in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid/File Photo

The pledge is the strongest statement by Europe’s biggest bank on climate change to date, although it met with criticism from some environmental groups for not taking more immediate action to curb its fossil fuel financing.

“COVID has been a wake-up call to us all, including me personally. We have seen how fragile the global economy is to a major event, in this case a health event, and it brings home the reality of what a major climate event could do,” Quinn told

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HSBC targets net zero emissions by 2050, earmarks $1 trillion green financing

By Lawrence White, Sinead Cruise and Simon Jessop

LONDON (Reuters) – HSBC <HSBA.L> will target net zero carbon emissions across its entire customer base by 2050 at the latest, and provide between $750 billion and $1 trillion in financing to help clients make the transition, its Chief Executive Noel Quinn told Reuters.

In the strongest statement by Europe’s biggest bank on climate change to date, its CEO outlined HSBC’s ambitions to align its activities with the Paris Agreement.

“COVID has been a wake-up call to us all, including me personally, we have seen how fragile the global economy is to a major event, in this case a health event, and it brings home the reality of what a major climate event could do,” Quinn told Reuters in a video interview.

HSBC aims to achieve net zero in its own operations by 2030, he added.

While other UK banks such as

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Nextbase 622GW Dash Cam hands-on: Advanced technology and capability provides a safety net for drivers

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Image: Nextbase

Dashboard cameras are used to enhance safety, document accidents for liability and insurance purposes, and capture evidence of damage to your vehicle. The Nextbase 622GW Dash Cam is available now for $399.99 from Best Buy.

I’ve had a sample mounted in my car for the past month and while I thankfully didn’t experience an accident to document, I did get a chance to test out the video performance and user interface. The Nextbase 622GW is easy to use and connects seamlessly to a smartphone for control and management of the camera.

Also: On the road with the Garmin Dash Cam Mini and 66W: Clear video, driver assist, and smartphone control

Box contents

In addition to the camera, the Nextbase 622GW Dash Camretail package includes the click-and-go camera mount, power cable, USB cable, suction mount, power cable fitting tool, and quick start guide. Nextbase also sent along a 64GB

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Wunong Net Technology Seeks $37 Million U.S. IPO (Pending:WNW)

Quick Take

Wunong Net Technology Company (WNW) has filed to raise $37 million in an IPO of its ordinary shares, according to an F-1 registration statement.

The firm sells food products via its website connecting food producers with consumers.

WNW has seen a sharp revenue growth slowdown due to the Covid-19 pandemic, so continued uncertainties lead me to stay on the sidelines for the IPO.

Company and Technology

Shenzhen, China-based Wunong was founded to create a food marketplace website that sells agriculture products to a variety of end users such as consumers, restaurants, lodging facilities and others.

More recently, management has opened a restaurant and seeks to create a franchise business model, with agreements signed for 25 restaurants in the Shenzhen area.

The restaurant initiative has been delayed due to the Covid-19 pandemic but management plans to actively deploy its ‘restaurant expansion and franchising plans beginning the third quarter of

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Wunong Net Technology Aims For $37 Million U.S. IPO

Wunong Net Technology Company (WNW) aims to raise $37 million in an IPO of its ordinary shares, according to an F-1 registration statement.

Shenzhen, China-based Wunong was founded to create a food marketplace website that sells agriculture products to a variety of end users such as consumers, restaurants, lodging facilities and others.

More recently, management has opened a restaurant and seeks to create a franchise business model, with agreements signed for 25 restaurants in the Shenzhen area.

The restaurant initiative has been delayed due to the Covid-19 pandemic but management plans to actively deploy its ‘restaurant expansion and franchising plans beginning the third quarter of 2020.’

Management is headed by Chief Executive Officer Mr. Xiangang Qin, who was previously an agriculture and related products technology specialist.

Wunong has received at least $1 million from investors including Union International Company Limited, Kindness Global, Four Dimensions Global, Wisdom Global, Soaring International, Morning

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‘Like a fishing net,’ nanonet collapses to trap drug molecules

'Like a fishing net,' nanonet collapses to trap drug molecules
a Chemical structure of PPSU showing the polymer backbone and oxygen atoms that carry positive/negative (blue/red) atomic partial charges, respectively. b Atomistic simulation snapshot showing a dissolution-complementarity equilibrium in DMSO for six PPSU20 chains. Inset is a superstructure formed by PPSU self- complementarity. c PPSU self-complementarity leading to a 2D reversible superstructure with enrichment of oxygen atoms on the surface. Formation of 3D superstructures is inhibited in DMSO due to the strong repulsion among layers. d Average dipolar energies per dipole-dipole pair of sulfone–sulfone and sulfone-solvent. Error bars represent the standard deviation from three parallel simulations. e Atomistic simulation snapshot showing the formation of a 3D superstructure through PPSU bundling in water. Inset showing the 3D superstructure with or without water molecules. Credit: Nature Communications (2020). DOI: 10.1038/s41467-020-18657-5

Northwestern University researchers are casting a net for nanoparticles.


The team has discovered a new, rapid method for fabricating nanoparticles from a

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Cambridge university’s endowment fund targets net zero emissions by 2038

By Matthew Green

LONDON (Reuters) – The University of Cambridge pledged on Thursday to reduce the climate-warming emissions from its investments to net zero within 18 years, a first among academic institutions under pressure from students to do more to combat climate change.

The 800-year-old British university said it would rebalance its 3.5 billion pound ($4.5 billion) endowment fund to ensure that it stopped contributing to global warming by 2038 – ahead of many other climate-concerned investors, who have tended to set a 2050 deadline.

“Cambridge is one of the world’s leading scientific universities and our plans are to align our investment portfolio with the science,” Tilly Franklin, the university’s chief investment officer, told Reuters television.

Cambridge said it would divest any remaining holdings in fossil fuel companies by 2030 to support its goal, part of a broader Cambridge Zero initiative to harness the university’s scientific and convening power for

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Microsoft told, ‘We’re not happy’ by GitHub contributors to open-source .NET Core WPF

It’s been two years since Microsoft open-sourced Windows Presentation Foundation (WPF), its .NET Core UI framework for building Windows desktop applications, but contributors aren’t happy with how Microsoft has handled the project. 

Microsoft open-sourced WPF, along with Windows Forms and the Windows UI XAML Library (WinUI), in December 2018 on GitHub. It open-sourced WPF after discouraging developers from porting WPF apps to .NET Core from .NET Framework. 

Now a Microsoft survey among its GitHub community reveals how satisfied contributors are with its handling of WPF, and other open-sourced projects, including Windows Forms, ASP.NET Core, the .NET runtime, .NET software development kit (SDK), .NET Entity Framework (EF) Core, and the .NET Roslyn compiler platform. It gained 191 responses.  

Contributor satisfaction is fairly positive for four of the five repositories covered in the survey with the exception of WPF. Eleven contributors to WPF are either ‘extremely dissatisfied’ or ‘moderately dissatisfied’ with the

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AICTE Approves Geospatial Science And Technology As Subject In GATE And NET Exams

AICTE Approves Geospatial Science And Technology As Subject In GATE And NET Exams

AICTE Approves Geospatial Science And Technology As Subject In GATE And NET Exams

New Delhi:

The All India Council for Technical Education (AICTE) has approved for the inclusion of Geospatial Science And Technology as a subject in the Graduate Aptitude Test in Engineering (GATE) and the National Eligibility Test (NET). Candidates appearing in NET for Junior Research Fellowship (JRF), and for lectureship in universities and colleges, including IITs and NITs, will now be able to study the newly added subject.

The inclusion of the subject will benefit students and help in the “evolution of Geospatial Ecosystem in the country”, an official statement said.

The inclusion of the subject was approved on the recommendation of the National Geospatial Task Force Report 2013, under the Chairmanship of former ISRO Chairman, Dr. K. Kasturirangan.

The Department of Science and Technology (DST) has also highlighted the need for Geospatial subject in GATE and NET

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Eurazeo Is Stepping Up Its Commitment To ESG With O+ Targeting Zero Net Carbon By 2040 Playing A Role In Bridging The Widening Social Gaps

PARIS, Sept. 21, 2020 /PRNewswire/ — Today, Eurazeo announces the launch of O+, the new step of its ambitious environmental, social and governance (ESG) strategy, which aims to drive positive change in society by working toward shared and sustainable prosperity. For nearly 15 years, Eurazeo has been at the forefront of responsible investment in private equity and is constantly seeking to integrate the highest ESG standards, in line with the UN Sustainable Development Goals. O+ has two main pillars: achieving zero net carbon by 2040 at the latest and playing a role in bridging the widening social gaps.

Accelerating the transition to a low carbon economy and committing to zero net carbon across the Group by 2040

Eurazeo, as the first company in its sector to set such an ambitious goal, looks to achieve zero net carbon by 2040, in alignment with the Science Based Targets initiative. To achieve optimum

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