HSBC facing shareholder pressure over green finance ahead of AGM
by Rebecca Speare-Cole
May 02, 2024
2 minutes
HSBC is facing pressure from shareholders over green finance ahead of its annual general meeting (AGM).
ShareAction, which campaigns for responsible investment, said it plans to read out a statement at the meeting on Friday on behalf of a coalition of shareholders amid transparency concerns.
The charity said it will ask the bank to set out how exactly they intend to use the 1 trillion US dollars (£799 billion) they have pledged to spend on green finance by 2030.
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