HSBC Pressured by Investors to Set Clear Renewable Energy Funding Target
Ahead of its annual general meeting, HSBC faces calls from a $890 billion investor coalition to specify its green finance goals.
- Investor coalition led by ShareAction demands HSBC to establish a concrete renewable energy funding target.
- Concerns raised over the vagueness of HSBC's current green pledges, with calls for increased transparency.
- HSBC's sustainable finance goal ranges from $750 billion to $1 trillion by 2030, but lacks detailed spending plans.
- ShareAction to present these demands at HSBC's AGM, highlighting the need for robust climate finance strategies.
- HSBC has facilitated significant sustainable finance since 2020, yet faces criticism for potential greenwashing.
Financial Post 
Evening Standard 