HSBC pledges to phase out thermal coal financing

James Murray
clock • 5 min read
HSBC pledges to phase out thermal coal financing

Banking giant says it will end financing for coal fired power and thermal coal mining by 2030 in EU and OECD countries, and by 2040 for the rest of the world - but activist investors remain unimpressed

HSBC has become the latest banking giant to tighten its coal financing policies, today pledging to phase out the financing1 of coal-fired power and thermal coal mining by 2030 in EU and OECD markets, and...

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

James Murray
Author spotlight

James Murray

View profile
More from James Murray

Business leaders urge policymakers to restore consensus on climate action

Fiduciary Managers making 'incremental' progress on ESG integration

More on Investment

Fiduciary Managers making 'incremental' progress on ESG integration
Investment

Fiduciary Managers making 'incremental' progress on ESG integration

EY report finds ESG integration has been a case of 'evolution rather than revolution'

Martin Richmond, Professional Pensions
clock 15 July 2026 • 3 min read
Why pension schemes need to stop reporting on climate and start funding climate action
Investment

Why pension schemes need to stop reporting on climate and start funding climate action

UK pension schemes are spending significant money, time and resource on climate reporting, disclosures, scenario modelling, governance processes and compliance exercises, but comparatively little on actual climate solutions, writes pensions trustee Bobby...

Bobby Riddaway, HS Trustees
clock 15 July 2026 • 6 min read
EthiFinance and ESG Book merge to create new European sustainability and credit rating agency
Investment

EthiFinance and ESG Book merge to create new European sustainability and credit rating agency

EthiFinance and ESG Book have announced a deal that aims to create one of Europe's largest independent credit and sustainability rating agencies

Amber Rolt
clock 10 July 2026 • 2 min read