HSBC Asked by $890 Billion Investor Group to Set New Energy Goal [Financial Post (Toronto, Ontario, Canada)]
HSBC Holdings, plc. (HSBC)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — A group of HSBC Holdings Plc investors wants the bank to set a funding target for renewable energy amid concerns its current green pledges are too vague. It's part of a list of demands that includes asking Europe's biggest bank to spell out exactly how it plans to hit a sustainable-finance target of up to $1 trillion. The shareholders, who together have more than $890 billion of combined assets under management, include Royal London Asset Management, Axiom Alternative Investments and La Francaise Asset Management. The initiative was coordinated by UK nonprofit ShareAction. Article content Article content They plan to put their demands forward at HSBC's annual general meeting on Friday, according to an emailed statement. The call for a renewable energy target follows an assessment by the International Energy Agency that to achieve the goal of lim
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HSBC
Sec Filings
- 5/16/24 - Form 6-K
- 5/15/24 - Form 6-K
- 5/15/24 - Form 13F-HR
- HSBC's page on the SEC website