HSBC sets tougher emissions reduction targets for oil and gas clients

The bank has pledged to reduce oil and gas financed emissions by 34% by 2030

HSBC: “All clients must have a plan to exit coal by end-2023”

The bank intends to halve its thermal coal financing exposure by 2030

Almost 80% of Barclays and HSBC customers ‘unaware’ of their bank’s fossil fuel investments

Almost three million customers would ‘very likely consider’ switching to ethical alternatives, according to a new survey

Project converts plastic bottles into PPE suits for Thai hospitals

HSBC has joined the initiative by donating empty drinking bottles used by its staff

HSBC launches green finance range for UK businesses

It is part of the banking giant’s global commitment to provide $100bn in sustainable financing and investment by 2025

HSBC not banking on coal power stations

The new policy will apply globally except for three countries where projects may be given exemption “if no reasonable energy alternative can be found”

HSBC issues $1bn green bond

HSBC has issued a $1 billion (£750m) corporate sustainable development bond. The bank says the bond, based on the UN’s Sustainable Development Goals (SDGs), aims to finance projects benefiting communities and the environment by improving access to education, healthcare, fresh water and sanitation. The money will also be used to increase the share of renewables […]

HSBC pledges $100bn to fight climate change

HSBC has pledged to provide $100 billion (£76bn) in sustainable financing by 2025 in a bid to fight climate change. It plans to intensify support for clean energy and low carbon technologies as well as projects that support the UN’s Sustainable Development Goals. The banking giant also aims to source 100% of its electricity from […]

Crude oil prices stay strong

Crude oil prices remain strong, thanks to a weak dollar and strong demand. That’s according to a new report from global bank HSBC, which shows Brent Crude has recovered by around $10 (£7.4) a barrel from lows earlier this year. The strength of demand has been a key feature with year-on-year demand growth at its […]

Poor carbon disclosure ‘hampering green investments’

Poor carbon disclosure among big companies is hampering green investments. Two thirds of institutional investors want to invest more money into low carbon markets but a lack of available information on companies’ climate credentials is getting in the way, according to a new survey from HSBC. The bank contacted around 300 investment institutes and 300 corporate firms. Results […]