HSBC faces shareholder climate resolution from $2.4tr investor group

clock • 3 min read

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...

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

'Alarming failures': Are asset managers stalling on their responsible investment promises?

'Alarming failures': Are asset managers stalling on their responsible investment promises?

Latest benchmark ranking of asset managers by ShareAction warns progress on sustainable investment is stagnating, even as climate risks intensify

clock 20 May 2025 • 8 min read
Financial firms join UK taskforce to help unlock climate investment in developing economies

Financial firms join UK taskforce to help unlock climate investment in developing economies

UK government's Emerging Markets and Developing Economies (EMDE) Investor Taskforce highlights potential for tenfold returns from backing climate adaptation and mitigation projects

Michael Holder and Patrick Brusnahan
clock 20 May 2025 • 2 min read
Marisa Drew: 'A great deal of power lies in the consumer wallet'

Marisa Drew: 'A great deal of power lies in the consumer wallet'

Standard Chartered's chief sustainability officer reflects on her move into sustainability from investment banking, how 'big ideas' are coming from unexpected places, and the co-benefits of electric driving

Stuart Stone
clock 20 May 2025 • 9 min read