LONDON/HONG KONG -- HSBC shareholders overwhelmingly voted to phase out coal financing by 2040 and align the bank's lending with Paris Agreement climate goals
One of Europe's top banks commits to phase-out by 2040, aligning with Paris Agreement
The Belchatow power station in Poland: After a shareholder vote, HSBC will join a growing movement against financing coal power projects. © Reuters
LONDON/HONG KONG -- HSBC shareholders overwhelmingly voted to phase out coal financing by 2040 and align the bank's lending with Paris Agreement climate goals