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

London Stock Exchange launches new suite of ESG scores

London Stock Exchange launches new suite of ESG scores

New sustainability analytics to be integrated across a range of London Stock Exchange Group platforms

BusinessGreen staff
clock 09 March 2026 • 2 min read
Survey: Private markets 'present a new challenge' for sustainable investment

Survey: Private markets 'present a new challenge' for sustainable investment

Poll of UK financial professionals points to concern that increasing demand from investors for access to private markets could result in 'challenges and pain points' for sustainable investing

Linus Uhlig, Investment Week
clock 05 March 2026 • 2 min read
Celtic Renewables secures further £10m backing for Grangemouth biorefinery project

Celtic Renewables secures further £10m backing for Grangemouth biorefinery project

Scottish firm secures additional public and private investment to scale up production of fossil-free chemicals made using rejected potatoes and whisky by-products

Michael Holder
clock 04 March 2026 • 4 min read