HSBC climate credentials in firing line as asset managers file shareholder resolution
HSBC climate credentials in firing line as asset managers file shareholder resolution Investors call for decarbonisation plans The bank has been urged to set a "clear timetable for emission reductions" HSBC is facing a shareholder resolution filed in co-ordination with 117 shareholders, including Man Group, Sarasin & Partners and Amundi, targeting the bank's substantial exposure to fossil fuel assets and its compliance with the Paris Climate goals. The investors, which together represent $2.4trn in AUM, are calling on HSBC to publish a strategy and targets to reduce its exposure to fossil fu...