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HSBC faces shareholder climate resolution from $2.4tr investor group

Mike Sheen
clock 11 January 2021 •
The bank has been urged to set a 'clear timetable for emission reductions'
Image:

The bank has been urged to set a 'clear timetable for emission reductions'

Group of 117 institutional investors file resolution urging bank to phase out fossil fuel financing in compliance with the Paris Agreement

HSBC is facing a shareholder resolution filed in coordination with 117 institutional investors, including Man Group, Sarasin & Partners and Amundi, targeting the bank's substantial exposure to fossil fuel...

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