Shareholders hit HSBC with fossil fuel motion

HSBC_Adobe_575x375_22July2020
By Jon Hay
10 Jan 2021

Shareholders in HSBC have filed a motion calling on it to live up to its reputation for sustainable finance by setting targets to reduce fossil fuel financing — an area where investors argue HSBC lags behind some of its rivals.

It is only the second resolution on climate change filed by institutional investors at a large European bank, after the action last year which jolted Barclays into making a commitment to reach net zero financed emissions.

The resolution has been accepted by HSBC and will be on the list ...

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