HSBC Asset Management to phase out thermal coal investing worldwide by 2040

James Baxter-Derrington
clock • 2 min read
Coal power demand grew in 2021 | Credit: iStock
Image:

Coal power demand grew in 2021 | Credit: iStock

Asset manager to end coal investments across the EU and OECD by 2030, before doing the same worldwide 10 years later

HSBC's asset management arm has announced plans to phase-out investments in thermal coal companies from its active fund range within 20 years, the financial giant announced today. HSBC Asset Management...

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