01 June 2021
•
4 min read
Image:
HSBC has pledged to phase out coal financing in developed markets by 2030 and by 2040 worldwide
Campaigners welcome AGM vote but warn bank's commitment must be followed up by robust framework for delivering global 2040 coal financing phase out
HSBC shareholders have approved the bank's plans to phase out financing for the coal industry in developed nations by the end of the decade and by 2040 worldwide, following growing pressure for more ambitious...
To continue reading this article...
Join BusinessGreen
- Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
- Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
- Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
- Tap into our extensive archive of exclusive articles, news, analysis and guides
- Choose from 3 paid membership levels or start a 7-day no-strings trial
