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...

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