HSBC will stop providing services to corporate clients that have involvement in coal as it seeks to phase out all financing for the coal industry by 2040 globally and by 2030 in the EU and the OECD, the bank said in a new policy. “Eliminating coal-fired power emissions is the most symbolic and important milestone along the road to net zero,” said the chief sustainability officer of the bank, Celine Herweijer.
“Coal-fired power stations contribute roughly a fifth of global carbon emissions output, and the science very clearly tells…HSBC Sets A Deadline For Its Asian Clients To Quit Coal
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