HSBC

Banking giant commits to ending support for coal by 2040 after reaching compromise with shareholders

A new group bringing together businesses with revenues totaling over $3tr and around 10 million employees has pledged to work to build resilience to the climate crisis and other potential economic shocks

Executives from likes of Bank of America, BNP Paribas, Macquarie, Lloyds, and Citi also join effort to develop credible pathway to deliver a net zero banking sector

Herweijer will be tasked with leading the bank's push towards net zero

One in 10 consumers could leave their high street bank if made aware of the institution's investments in coal, oil, and gas, survey suggests

Group of 117 institutional investors file resolution urging bank to phase out fossil fuel financing in compliance with the Paris Agreement

The world’s biggest banks are indiscriminately funding firms responsible for devastating marine ecosystems and fuelling climate change via their plastics production, a new report from Portfolio Earth concludes

HSBC poll of 1,000 UK businesses indicates operational and supply chain net zero targets are heading into the mainstream

The bank has successfully closed its second green bond as it continues its strategy to deliver net zero financed emissions by 2050

But bank's commitment to decarbonising its financing by mid-century, on top of its supply chain and operations by 2030, is slammed by campaigners as "empty" and an "attempt to buy time" due to its failure to commit to divest from coal and oil and gas...