Headquartered in London, HSBC is one of the largest banking and
financial services organisations in the world. HSBC operates from around 9,500 offices in 86 countries and territories
in Europe, the Asia-Pacific region, the Americas, the Middle East and
Africa. HSBC provides a comprehensive range of financial services: personal
financial services; commercial banking; corporate, investment banking
and markets; private banking; and other activities.
With listings on the London, Hong Kong, New York, Paris and Bermuda
stock exchanges, shares in HSBC Holdings plc are held by around 200,000
shareholders in some 100 countries and territories. The shares are
traded on the New York Stock Exchange in the form of American
Depositary Receipts. The HSBC
Group is named after its founding member, The Hongkong and Shanghai Banking
Corporation Limited, which was established in 1865 to finance the growing trade
between China and Europe
ownership
listed on Bermuda Stock Exchange, Hong Kong Stock Exchange, London Stock Exchange, NYSE Euronext
Early in 2010, BankTrack reviewed the publicly available sector and issue policies of HSBC to assess how these policies dealt with social and environmental issues and met international best practice for a particular sector or issue. Go here for the report.
On October 5th, 2004 an official agreement was signed between the Orissa Mining Corporation (OMC) and Sterlite Industries, a subsidiary of Vedanta Resources plc, for the…
In the Canadian Boreal forest just downstream of the eastern foothills of the Rocky Mountains are the Canadian tar sands. The region contains some 2 trillion barrels of oil,…
The United States Geological Survey estimates that 30% of the world's undiscovered gas and 13% of the world's undiscovered oil is to be found north of the Arctic Circle.…
HidroAysén - owned by European company Endesa and Chilean company Colbun - plans to dam two of Chile's most powerful and pristine rivers, the Baker and Pascua Rivers.…
The Jaitapur project plans to host two European Pressurised Reactors (EPRs) of 1,650 MWe each, with possible extension by four additional units. The Generation III+ class…
The Kusile coal fired power plant project is located in the province of Mpumalanga, in South Africa. With 4800MW, it will be one of the largest power plants of its kind in…
The ‘Shwe' (meaning ‘golden' in Burmese) projects entail exploitation of underwater natural gas deposits off the coast of western Burma's Arakan State and dual…
Enerjisa, the Turkish electricity producer owned by E.ON and Sabanci, is building a new coal power plant in Tufanbeyli, commonly known as Enerjisa 2.5. The lignite-fired…
The Belene nuclear power plant (NPP) is planned to be sited at the bank of the Danube River, which forms the border between Bulgaria and Romania. Technical design and construction…
Ecuador's Yasuni National Park is threatened by planned oil development by the Brazilian oil company Petrobras. The oil development will take place in Block 31, two thirds…
The Grasberg mine, located in the indonesian province of Papua, on the island New Guinea, just north of Australia, is being run by the mining company Freeport McMoran. The…
Toka Tindung is about 35 km north east of Manado, the capital of the Indonesian Province of North Sulawesi. The project entails the development of six open-pit gold mines…
BankTrack has identified controversial issues
with the companies listed below that require attention from HSBC.
Areva
France
If you imagine the global nuclear industry as a giant web, AREVA is the fat, radioactive spider at its centre, greedily looking for new prey. It has manufacturing facilities…
E.ON is a German electricity company headquartered in Düsseldorf and is one of the big global players in energy production. E.ON operates along the entire value chain…
Like its rival and fellow French multinational AREVA, Électricité de France (EDF) is one of the biggest players in the global energy game. In fact, with more…
As Italy's largest power company and Europe's second largest according to its generating capacity, Enel is another one of the titans of the energy industry. Its interests…
Recently, two big European electricity utilities, GDF Suez and International Power, have signed a memorandum of understanding to establish the largest independent electricity…
Europe's second largest electricity generator and one of Europe's five leading gas and electricity companies. Founded in 1898, the company has grown to supply electricity…
The Samling group, which is based in the Malaysian state of Sarawak on Borneo, is one of Malaysia's biggest logging companies and responsible for the ongoing destruction…
Textron is a multi-industry company, consisting of numerous subsidiaries and operating units. One subsidiary is Textron Systems, which is active in the defence, homeland…
Vedanta Resources is a mining company. It produces aluminum, copper, lead and zinc. Vedanta has a strong position in India, where its founder Anil Agarwal was born, but is…
Jan 04, 2012 - 2011 was the year full of controversies. Our cyber satire unveils banks and bankers that talk green but invest in climate killer coal fired power plants.
Shameful investments: banks still funding cluster bombs
Oct 05, 2010 - Cluster bombs are banned under the 2008 Convention on Cluster Munitions, but 138 banks and other financial institutions are still investing over $20 billion USD in the producers of these indiscriminate weapons. Activists paid a visit to 2 of the top banks investing in cluster bombs in the UK, Barclays and HSBC, to call on them to disinvest.
www.stopexplosiveinvestments.org
International website developed by BankTrack, CRBM, Les Amis de la Terre, Netwerk Vlaanderen, Platform, Setem and Urgewald.
Information in English, French, German, Italian, Dutch, Spanish.