HSBC cuts off financing for new oil and gas projects
HSBC will no longer provide lending or capital markets financing for new oil and gas fields, it has announced, while accelerating support for renewable energy.
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SLBs financing fossil fuels highlights standards’ deficiency
Sustainability-linked bonds (SLB) issuers are under fire for funding heavily polluting investments, but the fault may lie with the wider issuing standards.
HSBC Temasek launch sustainable finance company Pentagreen
HSBC and Singapore-based Temasek aim to accelerate sustainable infrastructure development in Southeast Asia, via a newly formed financing arm called Pentagreen Capital.
Net zero indicators warn banks are an investment risk
The Institutional Investors Group on Climate Change (IIGCC) and the Transition Pathway Initiative (TPI) have released their latest analysis of bank performance on net zero, warning that ‘weak performance’ raises investment risk.
HSBC, climate change and net zero: what does transition look like?
In March 2022 one of the world’s largest global banks, HSBC (HSBA), announced new commitments on climate change action for net zero transition but NGOs have questions. Can the bank have a credible plan if its portfolio still contains fossil fuels?
Why systems thinking is the next step in sustainable growth
The systems underpinning society and the economy are deeply interconnected, and sustainability approaches are going to be central to addressing the interconnected challenges of the 21st century.
Money held in banks is one of the largest sources of carbon emissions
In this case, not a question of international borders but rather, do you really know what your bank is doing with your money?