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

More on Investment

Rendesco secures £100m investment to accelerate heat network rollout

Rendesco secures £100m investment to accelerate heat network rollout

Investment from Pioneer Point Partners to facilitate up to £500m capex funding for new build and retrofitted heat networks

Stuart Stone
clock 13 May 2026 • 3 min read
Green Finance Institute launches CDR Catalyst to unlock investment in UK's carbon removal sector

Green Finance Institute launches CDR Catalyst to unlock investment in UK's carbon removal sector

New CDR Catalyst aims to close the commercialisation gap to and help scale up the UK's fledgling carbon removal sector

clock 13 May 2026 • 4 min read
Three-quarters of UK pension schemes have set a net zero target

Three-quarters of UK pension schemes have set a net zero target

Majority of larger schemes now seen to have credible net zero strategy, but smaller schemes are still lagging with their climate efforts

Martin Richmond, Professional Pensions
clock 12 May 2026 • 3 min read