HSBC to end coal financing by 2040

摘要

HSBC said it planned to phase out the financing of all coal-fired power and thermal coal mining by 2040 after coming under pressure in recent years to end its fossil fuel financing. Europe's biggest bank said it planned to phase out the financing of coal-fired power and thermal coal mining by 2030 in markets in the European Union and Organisation for Economic Cooperation and Development countries, and by 2040 in other markets.