HSBC has joined an increasing list of large banks by announcing
Friday it would not longer finance coal-fired plants, oil sands and
arctic drilling
The move, announced by Europe’s largest bank at its annual meeting as part of its new energy policy, seeks to head off criticism from investors who want the institution’s actions to be aligned with the Paris
Agreement, a global pact to limit greenhouse gas emissions and curb rising temperatures.
Daniel Klier, HSBC’s sustainability boss, said the decision reflected the bank’s ambition to help its customers make the transition to a low-carbon economy.
Read more: HSBC pulls the plug on coal | MINING.com
The move, announced by Europe’s largest bank at its annual meeting as part of its new energy policy, seeks to head off criticism from investors who want the institution’s actions to be aligned with the Paris
Agreement, a global pact to limit greenhouse gas emissions and curb rising temperatures.
Daniel Klier, HSBC’s sustainability boss, said the decision reflected the bank’s ambition to help its customers make the transition to a low-carbon economy.
Read more: HSBC pulls the plug on coal | MINING.com
