HSBC secures shareholder backing for coal financing phase-out plan

Cecilia Keating
clock • 4 min read
HSBC has pledged to phase out coal financing in developed markets by 2030 and by 2040 worldwide
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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...

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