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Investor letter to HSBC on the bank's energy policy


A group of HSBC shareholders with over $1 trillion in assets either under management or stewardship have sent a letter to the CEO of the global bank, John Flint.

The group – which includes Schroders and Hermes EOS, a leading stewardship provider – are asking the bank to strengthen its coal policy by ending finance to coal-reliant companies and by excluding future financing of coal projects in certain emerging markets.