HSBC to (almost) stop financing coal power

Madeleine Cuff
clock • 2 min read

Europe's biggest bank announces intention to halt financing for coal-fired power plants as part of low-carbon drive - but lists Bangladesh, Indonesia and Vietnam as exceptions

HSBC, the biggest bank in Europe, has today announced it will stop financing coal-fired power stations, oil sands and Arctic offshore drilling projects in a move to support the low-carbon economy. Announced...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

BSI unveils UK investment standards to combat 'greenwashing' in nature markets

BSI unveils UK investment standards to combat 'greenwashing' in nature markets

Government-backed Nature Investment Standards aim to boost investor confidence in nature-based carbon credits, biodiversity net gain projects, and farming subsidy schemes

Michael Holder
clock 26 March 2026 • 2 min read
Church of England Pensions Board to vote against 'climate backtracking banks'

Church of England Pensions Board to vote against 'climate backtracking banks'

Manager of £3.4bn-worth of funds reveals plan to vote against reappointment of directors at leading banks over climate risk concerns

Michael Holder
clock 26 March 2026 • 5 min read
Draft guidelines unveiled to help unlock finance for industrial decarbonisation

Draft guidelines unveiled to help unlock finance for industrial decarbonisation

Voluntary Transition Finance Guidelines aim to provide greater clarity and consistency for investors to help them support 'real economy decarbonisation'

Michael Holder
clock 26 March 2026 • 4 min read