$2.4tn investor coalition campaign led by ShareAction secures landmark climate commitments from HSBC.
HSBC has today announced a commitment to end coal financing, sending shockwaves through the Asian banking sector.
Amundi, Folksam and Brunel Pension Partnership back ShareAction’s call for HSBC to reduce its exposure to fossil fuels
ShareAction said Barclays’ energy policy still fails to screen out coal and oil sands companies, representing a glaring hole in the company’s climate ambition.
New analysis shows that in the four months leading up to HSBC’s net zero announcement, the bank financed at least four fossil fuel companies involved in new infrastructure, and directly financed an offshore oil and gas project.