HSBC pledges to cut off coal financing by 2040 following investor pressure

Cecilia Keating
clock • 4 min read

Banking giant commits to ending support for coal by 2040 after reaching compromise with shareholders

HSBC's board has today agreed to phase out all coal financing within 20 years, in a major victory for shareholders who have been piling pressure on the bank to set out how and when it will reduce its significant...

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Cecilia Keating
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Cecilia Keating

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