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HSBC headquarters London. Photo: FromTheNorth via Flickr (CC BY-NC-ND 2.0)

Active

This profile is actively maintained
Last update: 2024-12-17 00:00:00
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About
Website http://www.hsbc.com
Headquarters
8 Canada Square
E14 5 HQ London
United Kingdom
CEO/chair Georges Elhedery
CEO
Supervisor
Bank of England
Ownership
listed on Bermuda Stock Exchange, Hong Kong Stock Exchange, London Stock Exchange & NYSE

HSBC Holdings' shareholder structure can be accessed here.

Headquartered in London, HSBC is one of the largest banking and financial services institutions in the world. The HSBC Group is named after its founding member, The Hongkong and Shanghai Banking Corporation, which was established in 1865 to finance the growing trade between China and Europe. HSBC operates from around 6,100 offices in 72 countries and territories. The bank provides financial services including: personal financial services, commercial banking, corporate, investment banking and markets and private banking.

Sustainability
Commitments
Policies
Voluntary standards

HSBC's most important sustainability commitments can be found at the website sections listed below.

Links

Climate Strategy page

ESG and Responsible Business page

HSBC Sustainable Finance and Investment Data Dictionary

Bank policy
2025-02-19 00:00:00 | HSBC

Thermal Coal Phase-Out Policy

February 2025
Bank policy
2025-02-17 00:00:00 | HSBC

Energy Policy

February 2025
Bank policy
2025-02-17 00:00:00 | HSBC

Introduction to Sustainability Risk Policies

February 2025
Bank policy
2025-02-16 00:00:00 | HSBC

Green Financing Framework

Bank policy
2024-10-08 00:00:00 | HSBC

Defence Equipment Policy Statement

Bank policy
2024-06-27 00:00:00 | HSBC

HSBC Modern Slavery and Human Trafficking Statement 2022

Bank policy
2023-02-28 00:00:00 | HSBC

Statement on Nature

Bank policy
2022-10-31 00:00:00 | HSBC

Agricultural commodities policy

Bank policy
2022-05-12 00:00:00 | HSBC

World Heritage Sites and Ramsar Wetlands Policy

Bank policy
2022-05-12 00:00:00 | HSBC

Forestry policy

Bank policy
2022-05-11 00:00:00 | HSBC

Chemicals Industry Policy

Bank policy
2022-05-11 00:00:00 | HSBC

Mining & Metals Policy

Bank policy
2022-05-11 00:00:00 | HSBC

Human rights statement

Bank policy
2022-02-22 00:00:00 | HSBC

HSBC sets Net Zero aligned targets to reduce financed emissions from oil and gas, power and utilities sectors

Bank policy
2022-02-22 00:00:00 | HSBC

Financial crime risk policies

Date listed represents date as accessed on website
Bank policy
2020-07-15 00:00:00 | HSBC

Energy policy update on coal power plants in Vietnam, Bangladesh and Indonesia

(page 3 of this document)
Bank policy
2020-04-25 00:00:00 | HSBC

Modern slavery and human trafficking statement

Bank policy
2020-02-18 00:00:00 | HSBC

Chemicals industry policy

Bank policy
2020-02-15 00:00:00 | HSBC

Green Bond Framework 2018

Bank policy
2018-11-30 00:00:00 | ING

Anti-money laundering questionnaire

Bank policy
2018-05-31 00:00:00 | HSBC

Environmental Policy

Bank policy
2017-04-26 00:00:00 | HSBC

Statement of anti-bribery principles

Bank policy
2016-07-18 00:00:00 | HSBC

Anti-Money Laundering Policy Statement

Bank policy
2016-07-18 00:00:00 | HSBC

Sanctions Policy Statement

Bank policy
2016-07-18 00:00:00 | HSBC

Statement on forestry and palm oil

Bank policy
2014-03-01 00:00:00 | HSBC

Freshwater infrastructure sector guideline

Bank policy
2005-05-01 00:00:00 | HSBC
HSBC has committed itself to the following voluntary standards:
Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions
Equator PrinciplesTags: Equator Principles | project finance | corporate social responsibility | sustainable development
Extractive Industries Transparency InitiativeTags: oil and gas | mining and processing | transparency
Finance for Biodiversity PledgeTags: biodiversity | corporate social responsibility
Global Reporting InitiativeTags: sustainable development | human rights
Green Bond PrinciplesTags: bond issuance | investment | sustainable development
Impact on Sustainable AviationTags: aviation
Net-Zero Banking Alliance (NZBA)Tags: climate change | corporate social responsibility | energy | energy plants
Observatoire de la responsabilité sociétale des enterprises (ORSE)Tags: corporate social responsibility
Paris Agreement Capital Transition Assessment (PACTA)Tags: corporate social responsibility
Principles for Responsible Investment (PRI)Tags: corporate social responsibility | sustainable development | United Nations
Roundtable on Sustainable Palm Oil (RSPO)Tags: agriculture | commodities | corporate social responsibility
Science Based TargetsTags: climate change | corporate social responsibility
Task Force on Climate-related Financial Disclosures (TCFD)Tags: corporate social responsibility | finance
Taskforce on Nature-related Financial Disclosures (TNFD)Tags: corporate social responsibility | finance
UNEP Finance InitiativeTags: United Nations | sustainable development
United Nations Global CompactTags: United Nations | human rights
Wolfsberg PrinciplesTags: finance | corruption
Dodgy Deals

HSBC is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of HSBC's link to these deals.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

The NZBA has chosen the wrong side of history: what next for net-zero banking?

The UN-convened, bank-led coalition was never up to its task. It’s time for banks to demonstrate individual commitment.
2025-05-28 | Quentin Aubineau – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Big Four UK banks: Falling short on climate action?

A climate risk assessment of Barclays, HSBC, Lloyds, and NatWest
2025-05-28 | InfluenceMap
Blog
BankTrack news BankTrack blog Partner news Partner blog

Still banking on false solutions

BankTrack’s False Solutions Tracker shows that most of the 30 banks assessed count finance for harmful technologies towards their sustainable finance targets.
2025-05-20 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Glencore’s coal expansion fueled by European banks

2025-05-20 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Global LNG fleet’s annual CO₂e emissions soar past 12 billion tonnes while orderbooks shrug off overcapacity warning

LNG shipping giants continue to ramp up vessel orders despite stranded asset risks, potential decades of carbon lock-in, and a mounting emissions toll
2025-05-13 | Seoul | Solutions for Our Climate
BankTrack news BankTrack blog Partner news Partner blog

Ugandan ​​activist​ asks HSBC to put ‘lives before profit’ as campaigners target bank’s AGM

Patience Nabukalu, who has experienced climate-related flooding, joins protestors from around the world to deliver a letter to CEO Georges Elhedery criticising the financing of oil, gas and coal projects
2025-05-02 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Anger as HSBC ‘bulldozes’ its coal policy with billion-dollar Glencore deal

Investors rage at allegations bank broke its climate pledge to raise funds for mining giant
2025-05-01 | The Bureau of Investigative Journalism
BankTrack news BankTrack blog Partner news Partner blog

UK banks put £75bn into firms building climate-wrecking ‘carbon bombs’, study finds

Exclusive: Britain is key financial hub for destructive fossil fuel mega-projects, according to research
2025-05-01 | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

New data: UK overseas carbon bombs

Carbon Bombs are fossil fuel projects that could emit more than a gigaton of CO2 over their lifetime.
2025-05-01 | LINGO
Blog
BankTrack news BankTrack blog Partner news Partner blog

UK banks’ transition plans “not fit for purpose” – regulation needed

None of the 20 biggest UK and European banks has a credible transition plan to align its business with a 1.5°C aligned trajectory
2025-04-29 | Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

NZBA to lower climate target and focus on Chinese and Indian banks

Member of net zero alliance’s steering group confirms change to less ambitious ‘well below 2C’ target
2025-04-02 | The Banker
Blog
BankTrack news BankTrack blog Partner news Partner blog

2024 saw six new banks committing to end finance for metallurgical coal, and an explosion in commitments to decarbonise steel portfolios

2025-03-31 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

International CSOs call on banks to rule out finance for controversial Indian steel and coal project

Of 22 financiers of JSW Steel, none committed not to finance the much-opposed Utkal Steel project in Odisha
2025-03-13 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

HSBC says it's time to end 'negative bias' on fossil fuels

2025-02-26 | Bloomberg
Blog
BankTrack news BankTrack blog Partner news Partner blog

Bank policy scan: HSBC is backtracking on its climate commitments

HSBC not only has not improved its policies, but it has introduced new elements that jeopardise the already limited ambition of its previous commitments.
2025-02-24 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

PLN is keeping Indonesia dependent on coal

Indonesia’s largest utility company continues to invest in fossil fuel expansion as major financial institutions keep bankrolling projects
2025-02-18 | Apekshita Varshney - Eko, Novita Indri - Trend Asia
Blog
BankTrack news BankTrack blog Partner news Partner blog

Without tackling plastic finance, we walk on a dead-end road

2025-01-29 | Manon Stravens - Profundo
Blog
BankTrack news BankTrack blog Partner news Partner blog

Frontline communities urge investors not to buy new ArcelorMittal bonds due to human rights, environmental and climate concerns

2024-12-16 | BankTrack, Fair Steel Coalition
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks and investors’ unrestricted finance for LNG is fueling a future climate bomb

2024-12-05 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Most large banks still failing to implement UN human rights principles, new BankTrack benchmark finds

Despite gradual progress, banks show little action in addressing impacts, protecting vulnerable groups and supporting affected communities.
2024-11-27 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

European banks channel $230bn to fossil fuel expansion

Banks using transition finance ‘to maintain business as usual’ with fossil fuel companies, non-profits claim
BankTrack mentioned
2024-11-08 | The Banker
Blog
BankTrack news BankTrack blog Partner news Partner blog

European banks’ on-going support for fossil fuels is blocking energy transition

2024-11-07 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks’ low-ambition and incoherent climate targets put net zero goals at risk – new ShareAction analysis

2024-11-05 | ShareAction
Blog
BankTrack news BankTrack blog Partner news Partner blog

The LNG emissions crisis at sea is perpetuated by these banks

2024-10-24 | Stand.earth
Blog
BankTrack news BankTrack blog Partner news Partner blog

As the world chokes in plastic, banks continue to finance plastic production

New research reveals a lack of bank policies dealing with the impact of plastics on climate, nature and humans
2024-10-17 | Amsterdam | BankTrack, Plastic Soup Foundation, Profundo
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major banks fueling biodiversity collapse by $395 billion since the Paris Agreement; Governments failing to reign in banks

New reports reveal escalating financing to destructive sectors and highlight the urgent need for financial sector regulations to achieve Global Biodiversity Goals
2024-10-16 | San Francisco | BankTrack, Amazon Watch, CED Cameroon, Friends of the Earth US, Milieudefensie, Profundo, Rainforest Action Network, Repórter Brasil, Sahabat Alam Malaysia, TuK INDONESIA
Blog
BankTrack news BankTrack blog Partner news Partner blog

LNG shipping emissions: A growing climate crisis

2024-10-10 | Stand.earth
BankTrack news BankTrack blog Partner news Partner blog

‘You only go to the party if everyone is going’: finance bosses to skip COP29

Business expectations lowered for summit to be held in Baku next month
2024-10-08 | Financial Times
Blog
BankTrack news BankTrack blog Partner news Partner blog

Energy supply financing ratios: the next milestone in banks’ climate strategy

The energy supply financing ratio is a key indicator that synthesizes two major challenges in limiting global warming to 1.5°C: the phase-out of fossil fuels and the development of sustainable alternatives.
2024-10-07 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

TotalEnergies and financial markets: Financial institutions engaged for decades of pollution

2024-09-30 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks must overhaul climate targets to deliver emissions cuts, new analysis finds

Reclaim Finance is urging banks to rethink their targets, and in particular to jettison the widely used “financed emissions” and “facilitated emissions” targets.
2024-09-19 | Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

Banche e istituti finanziari continuano a investire nella fornitura di armi a Israele

BankTrack mentioned
2024-08-06 | Valori.it
Blog
BankTrack news BankTrack blog Partner news Partner blog

Frontline communities take the stage at bank AGM’s

AGMs remain crucial for community grievances, while executives seek to limit activist shareholder participation
2024-07-30 | Nijmegen, The Netherlands | Deniz Ozkil – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack set to publish 2024 Global Human Rights Benchmark in November

50 of the world’s largest banks were invited to provide feedback on draft assessments of their human rights disclosures
2024-07-23 | Nijmegen, Netherlands | Giulia Barbos – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Gulf Coast residents and major organizations call on financial institutions to phase out financing of LNG projects in the Rio Grande Valley

“We will hold any financial institutions that choose to support these projects accountable for such impacts.”
2024-07-22 | New York City | Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks fail to substantially respond to communities impacted by ArcelorMittal on climate and human rights concerns

2024-07-18 | BankTrack, Fair Steel Coalition, Reclaim Finance, SteelWatch
Blog
BankTrack news BankTrack blog Partner news Partner blog

The New Merchants of Doubt: How big meat and dairy avoid climate action

New report by Changing Markets reveals how Big Meat & Dairy use lobbying, greenwashing, & misinformation tactics, to block meaningful emissions regulations.
2024-07-18 | Changing Markets
Blog
BankTrack news BankTrack blog Partner news Partner blog

European financial institutions invest billions in arms companies that sell weapons to Israel

2024-06-20 | BankTrack, 11.11.11-Koepel van Internationale Solidariteit, Association France Palestine Solidarité, Cairo Institute for Human Rights Studies (CIHRS), Centre National de Coopération au Développement, European Coordination of Committees and Associations for Palestine, European Legal Support Center, European Trade Union Network for Justice in Palestine, Fagforbundet - Norwegian Union of Municipal and General Employees, FairFin, Handel og Kontor i Norge (HK Norway), International Federation for Human Rights (FIDH), Intersindical Alternativa de Catalunya, Landsorganisasjonen i Norge, Norwegian People, Palestine Solidarity Campaign, PAX, The Rights Forum, Trocaire
Blog
BankTrack news BankTrack blog Partner news Partner blog

Environmental and Social policies of major Amazon oil and gas financiers fail to protect the Rainforest and its peoples

New report reveals that only one of the top six banks financing oil and gas extraction in the Amazon has an effective policy to protect the region
2024-06-11 | San Francisco (Chochenyo and Karkin Ohlone Lands) | Coordinating body of Indigenous Organizations of the Amazon River Basin (COICA), Stand.earth
BankTrack news BankTrack blog Partner news Partner blog

HSBC completes sale of Russian unit to Expobank

2024-05-29 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks fueling climate chaos: the financing of metallurgical coal mining on the rise

Coal for steel received 31.9 billion US$ of financing by banks between 2016 and 2023
2024-05-27 | Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

Pair of major European banks backs away from oil and gas bond deals

French lenders Crédit Agricole and BNP shift policy as scrutiny heightens on green finance
2024-05-24 | Financial Times
Blog
BankTrack news BankTrack blog Partner news Partner blog

Biggest banks finance more carbon pollution than emissions of Italy, Germany, France and UK combined

New report by ReCommon exposes carbon pollution financed by the world’s biggest banks ahead of G7 finance ministers meeting
2024-05-21 | Rome, Italy | ReCommon
Blog
BankTrack news BankTrack blog Partner news Partner blog

BNP Paribas says no to bonds in the oil and gas sector

Reclaim Finance calls on BNP Paribas to formalize this approach by including this rule in its climate policy.
2024-05-14 | Paris | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks financed fossil fuels by $6.9 trillion dollars since the Paris Agreement; $705 billion provided in 2023 alone; JPMorgan Chase, Mizuho, and Bank of America are worst 3 funders

Annual Banking on Climate Chaos report with an updated methodology offers comprehensive look at who’s bankrolling the climate crisis
2024-05-13 | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks fall for ArcelorMittal’s shiny claims and finance its dirty flames

Don’t be fooled by ArcelorMittal's “low carbon” sponsorship of the Olympic Games
2024-05-08 | Julia Hovenier – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks have not quit coal, 8 years after the Paris Agreement

Banks in China dominate global coal financing; those in Indonesia are outliers in having increased finance for coal since 2016
2024-05-03 | Nijmegen | Will O'Sullivan – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

The banks financing dirty steel

The world’s major banks continue to support the largest and most polluting steel producers
2024-03-26 | Paris, France | Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

UK banks urged to end finance to company behind Rosebank oil field development

BankTrack mentioned
2024-03-20 | The Independent
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks financing company behind controversial Rosebank oil field despite climate pledges

HSBC, Lloyds, NatWest and BNP Paribas are financing major North Sea oil expander Ithaca Energy, despite pledges to stop propping up new fossil fuel projects
2024-03-20 | London | BankTrack, #StopRosebank
Blog
BankTrack news BankTrack blog Partner news Partner blog

Still butchering the planet

The big-name financiers bankrolling livestock corporations and climate change – 2024 update
2024-03-18 | London | Feedback
BankTrack news BankTrack blog Partner news Partner blog

Banks driving increase in global meat and dairy production, report finds

Financiers providing billion-dollar support for industrial livestock companies to expand leading to unsustainable rise in production
2024-03-18 | London | the Guardian
BankTrack news BankTrack blog Partner news Partner blog

UN-backed bank group seeks to avoid departures with new climate guidelines

2024-03-05 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

We’re calling on banks to do their part to stop POSCOs coal expansion

Unless POSCO scraps its relining plans, banks should rule out future finance for the Korean steelmaker
2024-02-27 | BankTrack, Solutions for Our Climate
BankTrack news BankTrack blog Partner news Partner blog

The Cerrado crisis: Brazil’s deforestation frontline

Everyone knows the Amazon is in crisis. But next door, another ecological catastrophe is unfolding.
2024-02-21 | Global Witness
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report by Global Witness "The Cerrado crisis: Brazil’s deforestation frontline"

Deforestation footprint of Brazil’s three biggest meat companies five times larger in fragile Cerrado than in Amazon
2024-02-21 | Global Witness
BankTrack news BankTrack blog Partner news Partner blog

Santander arranged billion-dollar oil bond after making green pledge

HSBC also helped on refinery deal that will boost Amazon oil production
2024-02-19 | The Bureau of Investigative Journalism
BankTrack news BankTrack blog Partner news Partner blog

Following the money behind Amazon oil development

Santander and HSBC worked on Petroperú bond issuance despite its record of Amazon oil spills
2024-02-19 | FT
Blog
BankTrack news BankTrack blog Partner news Partner blog

Barclays’ climate strategy = greenwashing and business as usual

In early February, Barclays published its revised oil and gas policy; what is striking is the number of references to oil and gas expansion, and the absence of firm measures to cease funding it.
2024-02-14 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Three years after attempted coup, international banks still ignore the junta’s violent capture of the Myanmar-China pipelines

2024-02-01 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Coal Havens - Asia’s biggest banks still open for coal business after COP28

The largest banks in India and Indonesia – global hotspots of the coal industry's growth – have no coal exclusion policy
2024-01-23 | Will O'Sullivan – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Civil society groups file OECD complaint against Swiss and UK banks over private prison stock

Complaint specifies breaches of OECD Guidelines that have led to gross human rights violations
2024-01-16 | New York and Nijmegen | BankTrack, Coalition for Immigrant Freedom, Worth Rises
Blog
BankTrack news BankTrack blog Partner news Partner blog

Decarbonizing steel: ING first bank to act

2024-01-09 | BankTrack, Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

POSCO is relining coal-based steel furnaces to prolong their lifetimes. This jeopardises its financiers' climate commitments.

Financiers of POSCO should be wary of capital expenditures that are misaligned with climate commitments
2023-12-18 | Julia Hovenier – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Crédit Agricole advances on climate change, but drags its feet

Despite the adoption of ambitious decarbonization targets, the French bank has allowed room to finance new fossil fuel infrastructure projects such as liquefied natural gas (LNG) terminals, as well as companies developing new oil and gas fields or infrastructure. 
2023-12-14 | Paris | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

European financial institutions continue to have extensive financial ties to companies linked to Israel’s illegal settlements

2023-12-12 | Brussels, Belgium | BankTrack, Don't Buy Into Occupation
Blog
BankTrack news BankTrack blog Partner news Partner blog

67 organisations call on banks to cease financing metallurgical coal

Banks risk stranded assets & climate catastrophe in steel lending without metallurgical coal exclusions
2023-12-07 | Nijmegen | BankTrack, Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report on ADNOC’s partners in climate chaos: Banks and fossil fuel majors

A new report on the Abu Dhabi National Oil Company (ADNOC) highlights its outsized oil & gas expansion
2023-12-05 | BankTrack, urgewald, LINGO, Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

UK banks providing billions in financing to big livestock corporations responsible for higher greenhouse gas emissions than UK and Ireland

2023-12-01 | Feedback
BankTrack news BankTrack blog Partner news Partner blog

Exclusive: Four banks quit initiative assessing climate targets

Four major banks, including Standard Chartered Plc (STAN.L) and HSBC Plc (HSBA.L), have quit the Science Based Targets Initiative (SBTi)
2023-11-29 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

Met coal: financial institutions’ missing policies

Since 2016, the world’s biggest banks have provided US$ 557 billion in finance to the 50 biggest developers in the metallurgical sector
2023-11-23 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Europe’s top 20 banks need to be clearer, cleaner and greener

Europe’s largest banks’ green finance targets and reporting risk misleading customers and investors – new ShareAction research
2023-11-22 | ShareAction
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major European banks back mining giant Glencore's toxic legacy in Colombia and Peru

2023-11-16 | Censat, Cinep, CooperAcción, Fair Finance International, Oxfam
Blog
BankTrack news BankTrack blog Partner news Partner blog

The financial institutions behind the worst fossil fuel bonds in 2023

2023-11-16 | Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

HSBC bank delays sale of Russian subsidiary

2023-10-30 | The Kyiv Independent
Blog
BankTrack news BankTrack blog Partner news Partner blog

Sustainable power: banks must step up a gear

A new tracker launched today by 13 NGOs, including Reclaim Finance and BankTrack, reveals the biggest global banks do not have the basic policies and financing targets needed to support decarbonization of the power sector.
2023-10-24 | BankTrack, Bank on our Future, Beyond Fossil Fuels, Climate Action Network France, Finance Watch, Friends of the Earth France, Make My Money Matter, Rainforest Action Network, Reclaim Finance, ReCommon, ShareAction, Sierra Club, WWF
Blog
BankTrack news BankTrack blog Partner news Partner blog

Investing in Extinction - How the global financial sector profits from traditional medicine firms using threatened species

2023-10-23 | Environmental Investigation Agency
BankTrack news BankTrack blog Partner news Partner blog

Europe’s banks helped fossil fuel firms raise more than €1tn from global bond markets

2023-09-26 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Fossil fuel companies are not slowing down. Which banks and lawyers facilitate their growth?

2023-09-26 | Follw the money
BankTrack news BankTrack blog Partner news Partner blog

Pemex explota los fósiles con dinero de bancos internacionales

2023-09-22 | IPS
Blog
BankTrack news BankTrack blog Partner news Partner blog

The causes fueling the climate crisis are receiving 20 times more financing than the solutions, new groundbreaking report by ActionAid reveals

2023-09-04 | ActionAid
Blog
BankTrack news BankTrack blog Partner news Partner blog

UN warns Aramco and its financiers over their role in driving climate-fuelled human rights violations

2023-08-26 | ClientEarth
Blog
BankTrack news BankTrack blog Partner news Partner blog

Decarbonization: steel not making the cut

Analysis by Reclaim Finance shows that few financial institutions have steel targets, and that those that have been adopted are riddled with flaws
2023-08-23 | Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

Exclusive: Banks vote to limit accounting of emissions in bond and stock sales

Banks back accounting for 33% of capital market-linked emissions. Environmental advocates push for 100% attribution. PCAF board expected to back the 33% weighting, ending delays.
2023-07-31 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

New research shows eight major banks responsible for majority of US$ 20 billion in financing for oil and gas companies destroying the Amazon

Banks including JPMorgan Chase, Itaú Unibanco and Banco Santander financed deals directly traced to activities in Peru, Colombia, Brazil and Ecuador
2023-07-25 | Belem, Brazil | Stand.earth
Blog
BankTrack news BankTrack blog Partner news Partner blog

The Sustainable Steel Principles: One step forward when leaps are needed

Banks must commit to more on fossil-free steelmaking than just measuring and disclosing financed emissions
2023-07-13 | Nijmegen, The Netherlands | Julia Hovenier – BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Celebrities call on Wimbledon to drop Barclays sponsorship

Richard Curtis, Emma Thompson and others say bank is ‘financing and profiting from climate chaos’
2023-07-03 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Pump ass, not gas

Why the LGBT Awards must drop banks as well as big oil
BankTrack mentioned
2023-06-28 | huck
Blog
BankTrack news BankTrack blog Partner news Partner blog

Challenging banks on their Dodgy Deals this AGM season

Our AGM wrap up blog
2023-06-27 | Natasha Ion – BankTrack
BankTrack news BankTrack blog Partner news Partner blog

UK firm given £430m green transition loan then expanded oil and gas business

Exclusive: Wood Group boosts fossil fuel business and shrinks renewables work after getting government-backed loan
BankTrack mentioned
2023-06-07 | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

European banks have a dirty climate secret – but a new initiative could make them come clean

Banks are keeping most of their fossil fuel financing off the books
2023-06-02 | ShareAction
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks’ fossil fuel finance is under more scrutiny than ever

As global temperatures rise, so do tensions at banks’ AGMs. But that hasn’t stopped investors, campaigners and people on the front line of the climate crisis holding bank boards accountable.
2023-06-01 | ShareAction
BankTrack news BankTrack blog Partner news Partner blog

Banken en milieugroepen willen hetzelfde, maar staan tegenover elkaar

Banks and environmental groups want the same, but disagree (in Dutch)
BankTrack mentioned
2023-05-21 | Het Financieele Dagblad
BankTrack news BankTrack blog Partner news Partner blog

Barclays, Morgan Stanley lead banks nearing CO2 disclosure deal

Banks face new reporting era as capital markets are targeted. NatWest among few banks agreeing to 100% disclosure standard.
2023-05-16 | Bloomberg
Blog
BankTrack news BankTrack blog Partner news Partner blog

The new coal pipeline that lies beneath the steel industry

Steelmaking is expanding fast, this could be terrible news for the climate
2023-04-25 | Paris | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

In the mire: New risk briefing on Rio Tinto’s planned lithium mine in Serbia

2023-04-18 | Mars sa Drine Collective
BankTrack news BankTrack blog Partner news Partner blog

Game of Thrones stars challenge big banks over fossil fuel links

Kit Harington and Rose Leslie attend ‘couples therapy’ in Richard Curtis film for Make My Money Matter
2023-04-18
Blog
BankTrack news BankTrack blog Partner news Partner blog

Cash, Cattle and the Gran Chaco: How financiers turned a blind eye to Paraguay’s deforestation crisis

2023-04-17 | Global Witness
Blog
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New report: Canadian bank RBC the #1 financier of fossil fuels, world’s biggest banks continued to pour billions into fossil fuel expansion

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2023-04-13 | San Francisco | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
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Global banks pledged to cut emissions – but still invest billions in US gas exports

Many banks promised to work toward net-zero emissions – but their targets explicitly exempt liquefied natural gas projects
2023-04-06 | The Guardian
Blog
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Emissions trap: Financial institutions still feeding the gas industry

2023-04-05 | urgewald, Beyond Fossil Fuels, Reclaim Finance, ReCommon
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Inside the fossil fuel stand-off that’s ensnared global banks

Leaked paper sheds light on debate within Net Zero Banking Alliance
2023-04-05 | Financial Times
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Exclusive: Split delays carbon accounting plan on banks' capital market deals -sources

Deal on capital markets emissions accounting delayed, some reluctant to book 100% emissions linked to deals.
2023-03-24 | Reuters
Blog
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Who dares to finance Eni and Exxon’s dangerous Rovuma gas plans in Mozambique?

Two banks made clear they will avoid financing Rovuma LNG, but plenty remain in the frame.
2023-03-20 | BankTrack, Justiça Ambiental (JA!)/Friends of the Earth Mozambique, Les Amis de la Terre France, ReCommon
Blog
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Global Witness calls on financiers to stop bankrolling rainforest beef, after official audit reflects findings about JBS

2023-03-14 | Global Witness
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New ING policy could spark bank shift away from financing oil and gas infrastructure

Dutch bank excludes financing for oil and gas infrastructure dedicated to new fields, although important gaps remain.
2023-03-14 | BankTrack
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Banks' energy policies reflect net-zero ambition gap

Restrictions on upstream oil and gas financing aren't the silver bullet that the sector needs to achieve its climate goals.
2023-02-23 | Euromoney
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British firm puts own share value at risk to enable protested mine on Indigenous territory in Sweden

Upon the news of Beowulf Mining’s discount retail offer and reported fall in share prices, locals in Sweden and Sápmi are commenting on the risks new investors will take on beyond the financial aspect.
2023-02-22 | Skiftet
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UK MPs and peers find HSBC complicit in Hong Kong human rights abuses

Bank sided with China in denying pension payouts to people who fled crackdown, says all-party group
2023-02-08 | The Guardian
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European Banks Get Tougher on Oil, Gas

BankTrack mentioned
2023-02-08 | Energy Intelligence
Blog
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What COP15 means for banks: meeting the Global Biodiversity Framework requires protecting Indigenous rights and divesting from harmful industries

2023-02-07 | Hannah Greep – BankTrack
Blog
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Just 7% of global banks' energy financing goes to renewables, new data shows

Major global banks are standing in the way of climate targets with new data showing just 7% of their financing for energy companies went to renewables between 2016 and 2022
2023-01-24 | BankTrack, Fair Finance International, Rainforest Action Network, Sierra Club, The Sunrise Project
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Banks still investing heavily in fossil fuels despite net zero pledges – study

Financial institutions signed up to GFANZ initiative accused of acting as ‘climate arsonists’
2023-01-17 | The Guardian
Blog
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New report reveals the 40 financial institutions funding the world's climate-changing methane problem

A new report by Planet Tracker and Changing Markets reveals the top financial institutions funding the world’s biggest methane producers, and the role they can play in turning the tide on global heating.
2023-01-17 | London | Changing Markets, Planet Tracker
Blog
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Throwing fuel on the fire: GFANZ members provide billions in finance for fossil fuel expansion

2023-01-17 | Paris, France /Nijmegen, Netherlands | BankTrack, Reclaim Finance
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HSBC's secretive loan to a coal company bulldozing a village

2023-01-11 | The Bureau of Investigative Journalism
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Our energy policy to support net zero transition

2022-12-14 | HSBC
Blog
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HSBC announces it will no longer finance new oil and gas fields

ShareAction response: this announcement sends a strong signal to fossil fuel giants and governments that banks’ appetite for financing new oil and gas fields is diminishing
2022-12-14 | London | ShareAction
Blog
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Europe’s largest banks falling short on climate and biodiversity action

New ShareAction research uncovers urgent need for UK and European banking sector to close loopholes in climate and biodiversity strategies
2022-12-12 | ShareAction
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Qatar’s gas output increase could cause catastrophic global heating, report says

If Qatar exploits all its reserves it will add 50bn metric tons of CO2 to atmosphere, more than entire annual emissions of whole world
BankTrack mentioned
2022-12-08 | The Guardian
Blog
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Exposed: Western banks funding Qatar’s carbon bombs

US$ 20 trillion estimated damage linked to massive gas expansion by hosts of 2022 World Cup
2022-12-08 | Henrieke Butijn – BankTrack
Blog
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European financial institutions heavily invested in companies involved in illegal Israeli settlements

725 European Financial Institutions found to provide billions of dollars in finance to companies operating in Israel's illegal settlement enterprise
2022-12-05 | Brussels | Don't Buy Into Occupation
Blog
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New human rights assessment of banks shows slow progress and lack of action to address key gaps on reporting and remedy

BankTrack’s 2022 Global Human Rights Benchmark finds reporting at a standstill, remedy still lacking and no clear leaders
2022-11-17 | BankTrack
Blog
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New report on climate commitments of Turkish banks

350.org assesses policies of 17 Turkish banks
2022-11-14 | 350.org Turkey
Blog
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Climate march will put spotlight on polluting banks and fossil fuel supporters

2022-11-09 | Friends of the Earth Scotland
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‘Wilful Ignorance’: Indigenous Delegation incredulous at bankers’ attitude to fossil fuel impacts

US and Mexican activists fighting new oil and gas projects said they had to give a basic lesson on the harm caused by fracking during meetings with financiers in London
2022-11-04 | DeSmog
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Mines, pipelines and oil rigs: what HSBC’s ‘sustainable finance’ really pays for

2022-10-31 | The Bureau of Investigative Journalism
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Bank financiers of harmful wood biomass have no policies addressing impacts, shows new study

A briefing from BankTrack details impacts of the wood biomass industry and calls on banks to exclude sector from finance
2022-10-21 | BankTrack
Blog
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Our nature and climate demand a reduction of industrial beef production, but banks missed the memo

New policy analysis shows that banks do not have robust policies in place for the beef sector and are failing to include methane reduction or halting deforestation in climate solutions
2022-10-19 | Hannah Greep – BankTrack
Blog
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Global bank policies ‘dangerously inadequate’ to prevent financing of deforestation, climate chaos and human rights abuses

As the climate and biodiversity crisis intensifies, credit to forest-risk commodity companies increased 160% between 2020 and 2021.
2022-10-18 | Forests & Finance Coalition
Blog
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Banks in Russia now have to help with conscription: Those who stay could be complicit in war crimes

2022-10-11 | Lorena Bisignano – BankTrack, Ryan Brightwell – BankTrack
Blog
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Planning for public disclosures through hidden closed-door processes?

Why the Taskforce on Nature-related Financial Disclosures needs to overhaul its approach to transparency
2022-09-12 | Shona Hawkes, Rainforest Action Network
Blog
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Banks have Ukrainian blood on their hands

Citi is not alone. Together with JPMorgan Chase, HSBC, and Crédit Agricole, it collectively provided more than 12 billion dollars of loans for Russian oil and gas companies in the run up to Russia's full scale military invasion.
2022-09-07 | Svitlana Romanko, Razom We Stand
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UK and US banks among biggest backers of Russian ‘carbon bombs’, data shows

Ukrainian campaigners call for immediate end to investments, to cut funds to war and help avoid climate breakdown
2022-08-24 | The Guardian
Blog
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Indigenous Australians to investors: Dump Adani Group

55 banks dropped direct financing of the Carmichael Adani Coal Mine - yet indirect investment keeps it afloat
2022-08-22 | Queensland, Australia | BankTrack, Rainforest Action Network, TippingPoint Australia, Wangan and Jagalingou Nagana Yarrbayn Cultural Custodians
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Finance groups risk being kicked out of Mark Carney-led climate coalition

2022-08-22 | London, UK; and Boston, USA | Financial Times
Blog
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Adani Group (financed by JP Morgan, MUFG, HSBC, BlackRock) is running an enormous fossil fuel project in Australia, violating Indigenous Rights

2022-08-22 | BankTrack, Rainforest Action Network, TippingPoint Australia, Wangan and Jagalingou Nagana Yarrbayn Cultural Custodians
Blog
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Jackdaw shows once again Shell is failing on climate. So why are its bankers failing to act?

2022-07-19 | The Hague, The Netherlands | Sumeyra Arslan – BankTrack
Blog
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Banks have arranged US$2.7 trillion in bonds for fossil fuel companies

2022-07-12 | Australia | The Sunrise Project
Blog
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New report: Largest European banks bankroll high-risk arms traders

2022-07-12 | PAX
Blog
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Banks and financiers back beef giant JBS to the tune of almost $1bn despite links to widespread deforestation, land grabbing and slave labour in the Amazon

2022-06-23 | Brazil | Global Witness
Blog
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Banks urged to stop funding Shell if it proceeds with Jackdaw gas field

Climate activists have urged banks to sever financial ties with Shell if it goes ahead with plans to develop a controversial new gas field in the North Sea.
BankTrack mentioned
2022-06-03 | The Ferret
Blog
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Climate groups call on Shell’s bankers to stop Jackdaw gas field

UK government’s regulatory approval opens the door for Shell to move ahead with the Jackdaw field
2022-06-03 | BankTrack
Blog
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HSBC customer of 65 years and member of 10th Gurkhas confronts shareholders with video message over fossil fuels at AGM

Huge van-mounted digital screen parked outside HSBC AGM playing video of long-standing customer, 83-year-old Christopher Martin.
2022-04-29 | London | Market Forces
Blog
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NGOs reveal top international companies, banks, and investors that fuel Russia's war machine

2022-04-04 | Berlin | urgewald, Ecodefense
Blog
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New report: Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2022-03-30 | San Francisco, Bemidji, Nijmegen, Oakland, Paris, Sassenberg, Washington DC | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club, Urgewald
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Exclusive: HSBC customers threaten to switch banks unless it cuts Russian oil ties

2022-03-11 | London | City A.M.
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British MPs urge global banks to close Russian offices ‘without delay’

Labour’s Margaret Hodge says banks including Deutsche Bank, HSBC, JP Morgan and Credit Suisse have ‘moral duty’ to exit quickly
BankTrack mentioned
2022-03-06 | The Guardian
Blog
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What the war in Ukraine teaches us

Lessons for European governments, companies and financiers - a Profundo Expert View
2022-03-04 | Jan Willem van Gelder - Profundo
Blog
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At least $132 billion in finance for fossil fuels is locking Africa out of a Just Transition, shows new report

African countries kept in fossil fuel stranglehold by Overseas money
2022-03-03 | BankTrack, 350.org Africa, AFIEGO, Africa Coal Network, Alerte Congolaise pour l’Environnement et les Droits de l’Homme (ACEDH), Alliance for Empowering Rural Communities (AERC), Centre for Alternative Development (CAD), Environment Governance Institute (EGI), Friends of the Earth Ghana, Friends of the Earth Mozambique, Friends of the Earth Togo, Innovation for the Development and Protection of the Environment (IDPE), Laudato Si, Lumière Synergie pour le Développement (LSD), Milieudefensie, Oil Change International, Save Okavango (SOUL), Solidarité pour la Réflexion et Appui au Développement Communautaire (SORADEC), Synergie de Jeunes pour le Développement et les Droits Humains (SJDDH), Women Environmental Programme Nigeria, WoMin, Zimbabwe Environmental Law Association (ZELA)
Blog
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HSBC’s new climate commitments exclude the bulk of its finance to oil & gas companies

HSBC's new 'Oil and Gas' and 'Power and Utilities' emission reduction targets do not cover emissions arising from its capital markets activities and include other loopholes.
2022-02-22 | ShareAction
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‘Net zero’ banks continue to finance oil & gas expansion, ignoring climate scenarios, and posing huge risks to investors

2022-02-14 | ShareAction
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Repeat offenders NAB, ANZ and Westpac bankrolling “bet against the Paris Agreement”

NAB, ANZ and Westpac are among 18 global banks that have loaned to a gas processing facility that paves the way for a carbon bomb at the scale of 15 coal power stations.
2022-01-20 | Market Forces
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HSBC says clients must have plan to exit coal by end-2023

2021-12-14 | Reuters
Blog
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Banks failing to address severe human rights impacts transparently, finds BankTrack research

Findings reinforce the need for regulators to ensure access to effective remedy for people affected by bank finance
2021-12-14 | Nijmegen | BankTrack
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HSBC fails to blacklist all coal expansionists

HSBC has finally published the updated coal policy it promised to its shareholders at its last AGM in the spring. Indeed, HSBC doesn’t put a hard stop to its financing to the expansion of the coal sector and will still be able to finance companies with coal expansion plans.
2021-12-14 | Paris | ReclaimFinance
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We’re pushing HSBC to phase out coal

Incredible work from campaigners and investors is forcing HSBC to release a more ambitious coal policy
2021-12-14 | Bank on Our Future
Blog
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HSBC's new coal policy a step forward but significant loopholes remain

ShareAction's analysis of HSBC's coal policy
2021-12-14 | Paris | ShareAction
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Barclays, RBS, HSBC, Credit Suisse and UBS fined for taking part in forex trading cartel

2021-12-02 | CNBC
Blog
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Total’s deal with Suriname: the greenwashing of oil Block 58

Will this be the final red flag for the oil major’s financiers?
2021-11-24 | Maaike Beenes – BankTrack
Blog
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COP26: when will net-zero finance say no to fossil fuel expansion?

Huge pressure from civil society around COP26 pushed the financial sector net-zero alliances to acknowledge that they must tackle fossil fuels
2021-11-19 | Reclaim Finance
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European financial institutions are investing in companies in illegal Israeli settlements

The Don’t Buy Into Occupation (DBIO) coalition’s new report exposes the financial relationships between European financial institutions and companies actively involved with the illegal Israeli settlements. Hannah Greep and Adrian Lakrichi from BankTrack look at the banks and financial institutions implicated.
BankTrack mentioned
2021-11-17 | Ethical Consumer
Blog
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Glasgow wrap-up: updates from banks and civil society at COP26

With COP26 behind us, it’s as clear as ever before that banks must act urgently to help achieve the goal of limiting global warming to 1.5 C.
2021-11-17 | Nijmegen | BankTrack
Blog
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Climate groups call out banks lobbying for watered down Net Zero Commitments

Stop the Money Pipeline organizations respond to news that on behalf of a group of 12 banks, HSBC lobbied Mark Carney’s GFANZ to scrap mandatory science-based targets and delay a deadline.
2021-11-09 | New York | BankTrack, Stop the Money Pipeline
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HSBC led big banks’ charge against climate change action

2021-11-08 | The Bureau of Investigative Journalism
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HSBC led big banks’ charge against climate change action

HSBC coordinated efforts to try and water down action on climate change in the banking sector by seeking to delay a key deadline and scrap mandatory science-based targets for a major net-zero alliance.
2021-11-08 | The Bureau of Investigative Journalism
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Banks are still financing fossil fuels – while signing up to net zero pledges

2021-11-04 | The Guardian
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Banks’ green pledges under scrutiny

Financial sector pressured to cut exposure to carbon-intensive industries
2021-11-02 | Financial Times
Blog
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Meet the banks funding the owners of the Cambo oil field

New research shines a spotlight on the banks backing Shell and Siccar Point Energy
2021-10-29 | #StopCambo
Blog
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Equator Banks involved in financing at least 200 fossil fuel projects since Paris

BankTrack research sheds new light on finance for fossil fuels by Equator banks
2021-10-26 | BankTrack
Blog
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Top global banks and investors made an estimated USD 1.74 billion in income since Paris Climate Agreement from deals with agribusinesses linked to destruction of climate-critical forests and human rights abuses

2021-10-21 | Global Witness
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‘Wreckers of the Earth’: 300 London-based companies destroying the planet

2021-10-14 | Corporate Watch
Blog
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Banks and biodiversity: are banks moving towards Kunming?

As China hosts the first part of the UN Biodiversity Conference, banks are called upon to support its goals
2021-10-14 | Nijmegen | BankTrack
Blog
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New report exposes billions in European financial support to companies in illegal Israeli settlements

2021-09-29 | Don't Buy Into Occupation
Blog
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Fossil Banks No Thanks demands banks commit to end fossil fuel finance before Glasgow Climate Summit

210+ groups support urgent call to action
2021-09-23 | BankTrack
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Letter from ClientEarth to 17 banks regarding the Cambo oil field

2021-09-14 | ClientEarth
Blog
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North Sea oil field development shows banks’ hypocrisy over climate

ClientEarth sends letter to 17 banks urging them to stop financing Shell and Siccar Point Energy, the companies pushing for the Cambo oil field
2021-09-14 | ClientEarth
Blog
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East African Crude Oil Pipeline: more banks to stay away from troubled Total project

HSBC and Mizuho among the largest lenders indicating they will steer clear of the widely criticised project
2021-09-14 | BankTrack, #StopEACOP
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European banks storing €20bn a year in tax havens

2021-09-06 | The Guardian
Blog
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New research puts big banks’ sustainability claims in doubt

While 20 of Europe’s 25 largest banks have pledged to reach net-zero emissions by 2050, none have matched these long-term ambitions with comprehensive plans to avert climate change and biodiversity loss
2021-09-06 | London | ShareAction
Blog
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Forests & Finance Coalition warns foreign investors about the risk of the anti-environment agenda in the Brazilian Congress

2021-08-19 | Forests & Finance
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Money-laundering ring pushed $4billion through HSBC

2021-07-28 | The Bureau of Investigate Journalism
Blog
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Report: Global banks fail for financing, investment in oil & gas in Amazon rainforest

Banks remain highly exposed to risk of fueling corruption, human rights violations, and environmental harms despite commitments
2021-07-08 | San Francisco | Amazon Watch, Stand.earth
Blog
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Bondholders challenged JICA to stop supporting coal projects in Bangladesh and Indonesia

2021-06-24 | BankTrack, 350.org Japan, Anthropocene Fixed Income Institute (AFII), Friends of the Earth Japan, JACSES, Kiko Network, Mekong Watch
Blog
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World’s 50 largest banks and investors driving deforestation through weak policies and major investments, new study finds

Top investors BlackRock, Vanguard, State Street, PNB, EPF, GPIF, and KWAP all amongst lowest scoring
2021-06-08 | Forests & Finance
Blog
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HSBC coal phase-out passes but the battle is not won yet

Climate campaigners welcome AGM vote in favour of coal phase-out but say “the next six months are crucial”
2021-05-28 | London | ShareAction
Blog
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Revealed: HSBC’s dirtiest deals will emit more pollution than Brazil or Canada

As HSBC prepares for its AGM on 28 May, new research reveals that a selection of HSBC fossil fuel financial transactions over the last five years will emit 523 million tonnes of CO2 every year for decades to come
2021-05-27 | Market Forces
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HSBC funds more fossil fuel emissions than the whole of Canada

2021-05-27 | The Big Issue
Blog
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Banks called upon to take action to protect biodiversity ahead of UN Biodiversity Conference in Kunming

Civil society organizations urge banks to adopt stringent “No Go” policy for biodiversity rich areas
2021-05-26 | Nijmegen | BankTrack
Blog
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Revealed: Businesses and banks behind global plastic waste crisis

Just 20 companies produce over 50 per cent of all single-use plastic - Top financial institutions enabling plastic waste identified
2021-05-18 | Minderoo Foundation
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HSBC has stakes in firms that plan more than 70 new coal plants

Asset management arm is not bound by pledge to stop financing coal even though new plants will emit hazardous air pollution
2021-05-12 | The Guardian
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UK banks’ support for coal industry has risen since 2015 Paris climate pact

2021-05-04 | The Guardian
Blog
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The City of London, home of coal finance

Just six months before it hosts the crucial COP26 summit, the UK’s climate leadership has been called into question by a damning new report from Reclaim Finance
2021-05-04 | urgewald, Reclaim Finance
Blog
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HSBC doesn’t just fund coal companies – it owns them

2021-04-26 | Market Forces
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New bank climate initiative fails to grasp urgent need to end finance for fossil fuels

Civil society statement on the launch of the Net-Zero Banking Alliance
2021-04-22 | Nijmegen | BankTrack, urgewald, Amazon Watch, Bank on our Future, Indigenous Environmental Network, Market Forces, Positive Money, Rainforest Action Network, Reclaim Finance, ShareAction, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

Leading finance firms sign up to Mark Carney forum on low-carbon investment

2021-04-21 | The Guardian
Blog
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More than half of Europe’s bank directors too compromised to end fossil fuel finance

2021-04-07 | DeSmog
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NGOs call on 39 JICA bond underwriters and bondholders to urge JICA to stop supporting coal projects in Bangladesh and Indonesia

2021-03-25 | JACSES, Kiko Network, Friends of the Earth Japan, 350.org Japan, Mekong Watch
Blog
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Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement

Even amidst the global economic downturn, fossil fuel financing numbers were higher in 2020 than 2016
2021-03-24 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

HSBC shareholders seek exit from funding Adani's 'contentious' Australian coalmine

2021-03-13 | Counterview
Blog
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Shareholder campaign secures HSBC coal phase-out

USD 2.4 trillion investor coalition led by ShareAction secures landmark climate commitments from HSBC
2021-03-11 | London | ShareAction
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HSBC tables company vote on phasing out financing of coal

2021-03-11 | The Guardian
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HSBC proposes climate resolution with coal phase out target

2021-03-11 | Bloomberg
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Big banks make a dangerous bet on the world’s growing demand for food

While banks and asset managers are promising to divest from fossil fuels, they are expanding investments in high-carbon foods and commodities tied to deforestation.
2021-03-07 | Inside Climate News
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EUR 146 billion for trash? How banks and the plastics industry are forcing a global environmental catastrophe

2021-03-04 | Berlin | Facing Finance
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Over 260 organisations call on banks not to finance Total’s East African Crude Oil Pipeline

With a final investment decision nearing, African and International organisations warn banks against joining $2.5 billion loan for a “manifestly irresponsible” project • New stopeacop.net campaign website launched.
2021-03-01 | International | BankTrack, 350.org Africa, AFIEGO, Inclusive Development International, IUCN NL
BankTrack news BankTrack blog Partner news Partner blog

HSBC, Barclays challenged over bond linked to Vietnamese coal project

2021-02-24 | Reuters
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HSBC chairman: Transition financing needed to achieve 2050 'net nero' climate goals, divestment not the answer

2021-01-18 | TheStreet
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ShareAction filed a climate resolution at HSBC - here's why

You are not having a deja-vu: ShareAction, together with over 100 institutional and private co-filers, is filing of a shareholder resolution concerning climate change at a UK bank
2021-01-11 | ShareAction
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Bank lending to plastics industry faces scrutiny as pollution concerns mount

2021-01-07 | Reuters
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Big banks lead SBI bond despite Adani controversy

2021-01-06 | Global Capital
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Five years since the Paris Agreement, are banks' 2050 pledges enough to reign in fossil fuel finance?

How the year's 'Paris-alignment' moves stack up against the measures needed to tackle the climate crisis
2020-12-12 | BankTrack
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Five years lost - How the finance industry is blowing the Paris carbon budget

2020-12-10 | Paris | urgewald, Center for Energy, Ecology, and Development (CEED), Friends of the Earth US, Rainforest Action Network, Reclaim Finance, ReCommon
Blog
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Major global banks complicit in widespread destruction of the Amazon rainforest linked to Brazilian beef companies, and international audits flawed

2020-12-03 | Global Witness
Blog
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Equator Banks fail communities on consultation and grievance mechanisms, new study finds

BankTrack research into nine projects financed ‘under Equator’ finds routine failures to conduct proper community consultation and a lack of effective project-level grievance mechanisms
2020-11-24 | Nijmegen | BankTrack
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Air quality, health and toxics impacts of the proposed coal power cluster in Payra, Bangladesh

2020-11-23
Blog
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Barclays' and HSBC's $43 billion fossil fuel problem, despite net-zero pledge

2020-11-11 | Fund Our Future UK
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Campaigners reject HSBC's Net-zero ambition, targeting billboards over 'climate colonialism'

2020-11-02 | Brandalism
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Barclays, HSBC and Credit Suisse among worst offenders on oil sands finance

ShareAction says Barclays has participated in 11 loan and bond deals to oil sands companies since its net zero announcement in March
2020-10-29 | London | ShareAction
Blog
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Bankrolling Extinction: The top 10 banks financing biodiversity loss

Report names HSBC, Bank of America, Mitsubishi Financial & others
2020-10-28 | portfolio.earth
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HSBC makes empty 'net-zero by 2050' commitment

Bank makes no commitment to end fossil fuel financing
2020-10-09 | BankTrack, Fund Our Future UK
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HSBC and other banks set climate targets for loans and investments

2020-10-01 | Bloomberg
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Western banks provide billions in backing for firms driving tuna species to collapse

2020-09-28 | Unearthed
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New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
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HSBC and JPMorgan Chase’s role in climate crisis makes them unworthy award winners, campaigners say

BankTrack mentioned
2020-09-18 | DeSmog UK
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Euromoney grants JPMorgan Chase and HSBC 'Awards for Excellence'

Civil society groups issue a letter in response
2020-09-16 | BankTrack, Fund Our Future UK
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Joint venture looks to invest billions in 'natural capital' projects to help combat climate change

2020-08-27 | The Guardian
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Equator Principles requirements missing for most projects, finds new BankTrack study

Research into 37 projects financed 'under Equator' finds project-level grievance mechanisms or stakeholder engagement processes cannot be evidenced in 65% of cases
2020-08-11 | BankTrack
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Butchering the Planet: the big-name financiers bankrolling livestock corporations and climate change

New Feedback's report draws attention to the environmental impacts of the livestock industry
2020-07-13 | Feedback Global
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Could financial sector vigilance have avoided Vizag gas leak?

India must make Environment, Social and Governance accountability mandatory so that lenders are responsible towards tax payers
2020-07-01 | Shreya Kaushik, Fair Finance India
Blog
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Equator Principles: New BankTrack database sheds light on patchy project name reporting

BankTrack publishes database of Equator-financed projects, together with analysis showing some banks report few or no project names – notable poor performers include ING, HSBC and Lloyds
2020-06-29 | BankTrack
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Banks are turning a blind eye to Mozambique gas field graft

2020-06-23 | Business Live
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Revealed: UK banks and investors' $2bn backing of meat firms linked to Amazon deforestation

2020-06-04 | The Guardian
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Saudi Aramco closes US$10bn loan

2020-05-12 | London | Reuters
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No more loopholes: HSBC closes door on new coal projects

2020-04-27 | Eco-Business
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New report: Funding Climate Chaos

How UK Banks are continuing to fund the climate crisis
2020-04-23 | 350.org, People & Planet, Platform London, The Sunrise Project
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New research: HSBCs coal stake equivalent to nearly 40 years of UK emissions

2020-04-22 | Market Forces
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Global finance sector failing to apply conservation criteria to pulp and paper funding

2020-03-21 | New York/Amsterdam | Environmental Paper Network
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Banking on Climate Change – Fossil Fuel Finance Report Card 2020

New report reveals global banks funneled USD 2.7 trillion into fossil fuels Since Paris Climate Agreement, with financing on the rise each year 
2020-03-18 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
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Report: The five biggest financiers of new Amazon oil boom

BlackRock, Goldman Sachs, Citigroup, HSBC, and JP Morgan Chase defy their own commitments by backing dangerous oil and gas extraction in the western Amazon
2020-03-12 | Oakland, California | Amazon Watch
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Big businesses face pressure to avoid investing in areas Trump wants to develop

A dozen-and-a-half senators wrote letters to 11 of the largest U.S. banks asking them to back down from financing any oil and gas activity in an unspoiled expanse of Arctic wilderness.
2020-02-03 | The Washington Post
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HSBC exits Vinh Tan 3 coal power project in Vietnam

2020-01-24 | Eco-Business
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HSBC lags as finance cleans up on Asian energy

BankTrack mentioned
2020-01-22 | Asia Times
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Big European banks face call to end funding for firms building coal-fired plants

BankTrack mentioned
2019-12-05 | Reuters
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Big four UK banks providing billions for coal power expansion, urged to ‘clean up their acts’ for Glasgow COP

2019-12-05 | London, UK | BankTrack, urgewald, 350.org
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4 out of 5 banks failing on human rights, new BankTrack Human Rights Benchmark shows

Lloyds, Bank of America, Goldman Sachs and Société Générale among the poorest performers in BankTrack ranking, alongside Canadian and Chinese banks
2019-11-26 | BankTrack
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Saudi Aramco IPO: climate change fears cause banks to miss out on millions in fees

BankTrack mentioned
2019-11-21 | The Independent
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Failure of Aramco IPO gives a black eye to bank CEOs and a warning to investors

2019-11-20 | London, UK | BankTrack, 350.org, Earthworks, Friends of the Earth US, Global Witness, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, ShareAction, Sierra Club
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Banks set to cash in on the Saudi Aramco IPO want you to know they’re still serious about climate change

BankTrack mentioned
2019-11-14 | Fortune
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Banks fail to stop financing fossil fuel industry

2019-11-09 | The Financial Times
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Western banks funding Saudi Aramco IPO betraying climate change promises

2019-11-05 | Newsweek
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Aramco IPO: These are the banks and advisers on world's biggest sale

2019-11-03 | Bloomberg
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We are letting banks off the hook for financing environmental destruction - that must change

2019-10-23 | Independent
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Banks warned over Saudi Aramco by environmental groups

2019-10-17 | The Guardian
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Environmental groups warn banks against climate and human rights implications of underwriting Saudi Aramco offering

2019-10-17 | Nijmegen, the Netherlands
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Money to burn

More than 300 banks and investors back six of the world’s most harmful agribusinesses to the tune of $44bn
2019-09-23 | Global Witness
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Revealed: major banks and investors including Barclays, JPMorgan Chase, Goldman Sachs, Morgan Stanley, BlackRock are pouring money into global forest destruction

New investigation by Global Witness uncovers for the first time a truly global picture of major financial players driving $44 billion into companies directly or indirectly involved in deforestation in the Brazilian Amazon, the Congo Basin and Papua New Guinea.
2019-09-23 | Global Witness
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Global NGOs: Dirty Dozen Companies Driving Deforestation Must Act Now to Stop the Burning of the World's Forests

Groups call for the immediate suspension of all business and financing with traders active in the Brazilian Amazon "The Amazon is on fire. Corporations share the blame. They need to become part of the solution."
2019-08-30 | Amazon Watch
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BankTrack 2019 Human Rights Benchmark: criteria and scope announced

2019-06-25 | Nijmegen | BankTrack
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Overly underwhelming - a reflection on Fossil Banks’ AGM season

2019-06-19
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HSBC bosses spin yet more climate rhetoric on coal finance for developing countries

2019-04-15 | Market Forces
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HSBC’s AGM - No War, No Warming!

2019-04-15
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HSBC bosses spin yet more climate rhetoric on coal finance for developing countries

2019-04-15 | Market Forces
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Banks' fossil fuel funding rises, environmental groups warn

BankTrack mentioned
2019-03-21 | S&P Global
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Global Banks, Led by JPMorgan Chase, Invested $1.9 Trillion in Fossil Fuels Since Paris Climate Pact

2019-03-20 | Desmogblog.com
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Banking on Climate Change – Fossil Fuel Finance Report Card 2019

World's top banks have poured $1.9 trillion into fossil fuel financing since the Paris Agreement was adopted, with financing on the rise each year
2019-03-20 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
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HSBC faces call to end all new coal power financing

BankTrack mentioned
2019-03-06 | Financial Times
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Investors urge HSBC to stop bankrolling coal-burning projects

2019-03-06 | The Guardian
Blog
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Investors hold HSBC’s feet to the fire on coal

2019-03-06 | ShareAction
Blog
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Every two weeks a bank, insurer or lender announces new coal restrictions

Major financial institutions restricting coal funding tops 100
2019-02-27 | IEEFA
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HSBC’s cynical coal policy leaves Bangladesh, Vietnam and Indonesia open for business

2019-01-23 | Market Forces
Blog
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Banking giant HSBC divests from Israeli arms manufacturer following pressure from human rights campaigners

2018-12-27 | London | Palestine Solidarity Campaign, War on Want
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Banks massively financing fossil fuels unclear about future of ... fossil fuels

Few banks acknowledge relation between fossil fuels and climate breakdown
2018-12-20 | Nijmegen
Blog
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Behind banks' smokescreen

What banks aren't telling you about their 'climate ambition'
2018-12-13
Blog
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COP24: New research reveals the banks and investors financing the expansion of the global coal plant fleet

Japanese banks top lenders, Chinese banks top underwriters; US companies biggest institutional investors in the coal plant pipeline
2018-12-05 | Katowice, Poland | BankTrack, urgewald
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HSBC accused of hypocrisy for coal finance ban that excludes countries most vulnerable to climate change

2018-10-16 | Desmog UK
Blog
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Major banks are failing Vietnam by violating Equator Principles commitments in financing coal power projects

2018-10-11 | Market Forces
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The power of finance to slow new coal plants

2018-08-29 | Asia Times
Blog
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HSBC's shift on energy lending has Suncor throwing its toys out of the pram

But new policy is no isolated move - finance for tar sands will dry up, just as it is doing for coal.
2018-08-09 | Ryan Brightwell – BankTrack
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Liberian communities harassed after calling on banks to halt $1.5 billion loan to Wilmar over landgrabbing concerns

2018-07-26 | Inclusive Development International
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HSBC and Standard Chartered accused of “rank hypocrisy” for financing of highly polluting coal projects whilst publicly supporting Paris Climate Agreement

Two major British banks are helping to finance coal-fired power stations that will emit more carbon dioxide than the annual emissions of 69% of the world’s countries, a new Global Witness report reveals
2018-07-23 | London | Global Witness
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Coal turns up heat on Standard Chartered

2018-07-23 | The Times
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HSBC, Standard Chartered making a killing on coal in SE Asia

2018-07-04 | Asia Times
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HSBC Divests From New Coal Projects Everywhere... Except Bangladesh, Indonesia, and Vietnam

2018-05-25 | CommonDreams
Blog
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Powering past coal? Top UK banks are passing the buck

2018-05-24 | BankTrack
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Europe’s Biggest Bank Takes a Step Back from Coal, Tar Sands and Arctic Oil

2018-04-20 | RAN
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HSBC moves on tar sands, but fails the coal test

2018-04-20 | Nijmegen, the Netherlands | BankTrack
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Smoke and mirrors - world's top banks on notice to slash support for coal power development

2018-04-05 | Greig Aitken – BankTrack
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Report finds major banks ramped up fossil fuel financing to $115 billion in 2017

Despite 2017 being the costliest year on record for weather disasters, new report reveals that banks increased extreme fossil fuel financing last year, led by a more than doubling in lending to tar sands companies and pipelines.
2018-03-28 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
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'Extreme' fossil fuel investments have surged under Donald Trump, report reveals

BankTrack mentioned
2018-03-28 | The Guardian
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Maybank: the single largest palm oil financier

Report by TuK and Profundo finds that several RSPO banks, like HSBC and UBS, invest heavily in Maybank.
2018-02-28 | Jakarta
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Out of sync with climate reality – the coal mine and coal plant dreams of Poland's two dirty utilities

2018-02-26 | Warsaw | Katarzyna Kubiczek, Ecological Association EKO-UNIA
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The U.S. May Back a Vietnam Coal Plant. Russia Is Already Helping

2018-01-26 | New York Times
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HSBC accused of breaking EU sanctions rules by co-financing Vietnam coal plant

2017-11-22 | Eco-Business
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New report: Towards responsible and inclusive financing of the palm oil sector

2017-11-15 | Center for International Forestry Research (CIFOR), Profundo
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HSBC coal investments undermine its climate funding says Christian Aid

2017-11-06 | Christian Aid
Blog
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Big banks complicit in massive tar sands destruction and pollution through hundreds of billions in financing

2017-11-02 | Rainforest Action Network
Blog
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Investor alert: Deep sea mining project in last-ditch search for capital

Banks and other investors warned to steer clear
2017-10-25 | Nijmegen and Brisbane | BankTrack, Deep Sea Mining Campaign
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“Responsible” investors under scrutiny for investing in climate-destroying banks

2017-09-26 | Rainforest Action Network
Blog
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Indigenous Groups Lead Movement to Call on Banks to Drop Enbridge’s Controversial Line 3 Pipeline

Tribal Nations based in Minnesota oppose the project and the Minnesota Department of Commerce has condemned it
2017-09-21 | Minneapolis, MN | Honor the Earth, Rainforest Action Network
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Financiers of pulp and paper industry projects will cause environmental and social harm, says new report

2017-08-01 | Mandy Haggith – Environmental Paper Network
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HSBC triggers investigation into palm oil company over deforestation allegations

NGOs praise the bank’s move as they step up pressure on investors to stand by environmental and social commitments on palm oil
2017-07-17 | The Guardian
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HSBC triggers investigation into palm oil company Noble Plantations over deforestations allegations

2017-07-17
Blog
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New report: HSBC a ‘crucial link in the chain’ of Palestinian oppression says War on Want

2017-07-12 | War on Want
Blog
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More black marks for coal-hungry UK banks in latest Report Card

Barclays and HSBC increased finance for coal power in 2016, despite claims to support Paris Agreement
2017-07-10 | Greig Aitken – BankTrack
Blog
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Banks provide billions for Dirty Diesel traders while failing to act on human rights, says new briefing

- Oil traders Trafigura and Vitol received over $100 billion in loans since 2012
- Of 26 banks contacted, not one has pressured companies over toxic fuel exports to Africa
2017-05-23 | Nijmegen | BankTrack
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HSBC to close accounts of 28 unsustainable palm oil producers

2017-05-02 | Environmental Finance
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Major international banks and investors finance devastating impacts of forest-risk commodities

New report finds eight corporate giants in palm oil, pulp and paper, timber and rubber involved in social and environmental scandal; exposes financial banking
2017-04-24 | Tokyo | Rainforest Action Network
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Energy Transfer: Which banks continue to support the company behind DAPL?

2017-04-06 | Alison Kirsch - Rainforest Action Network
Blog
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Europe’s biggest banks register €25 billion profit in tax havens

2017-03-27 | Fair Finance International, Oxfam
Blog
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Who's bankrolling TransCanada?

Banking on TransCanada means banking on Keystone XL
2017-03-24 | Alison Kirsch - Rainforest Action Network
Blog
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New HSBC ‘no deforestation’ policy first step towards sustainable palm oil finance

Global banks need to follow suit to save Indonesia’s rainforests
2017-02-20 | London | Greenpeace
Blog
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Multi-billion euro investments out of control: How banks continue to finance violations of human rights and environmental norms

For the fifth consecutive year Facing Finance reports on violations of environmental and social norms and standards by multinational corporations, as documented by international NGOs.
2017-02-09 | Hamburg/Berlin | Facing Finance
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Revealed: HSBC is funding forest destruction

2017-01-17 | Greenpeace
Blog
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Dirty Bankers: How HSBC is financing forest destruction for palm oil

2017-01-17 | Greenpeace
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HSBC funding destruction of vast areas of Indonesian rainforest, new report claims

2017-01-17 | London | Independent
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Has HSBC Accidentally Backed a £600 Million ‘Green’ Scheme to Boost Poland’s Coal?

2016-12-20 | DeSmogBlog
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Poland green bond issue will not fund coal, says official

Investors are sceptical about Warsaw bid to finance renewables, given its coal-heavy energy policy
2016-12-13 | Climate Home
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HSBC dusts down its mining policy, but leaves room for more coal financing

2016-12-07 | Yann Louvel – BankTrack
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Dakota Access: UK banks back pipeline builder Energy Transfer Partners

2016-12-01 | EnergyDesk
Blog
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Financing of coal industry expansion by top banks undermining Paris Agreement

2016-11-14 | Marrakech, Morocco | BankTrack, Friends of the Earth France, Market Forces, Rainforest Action Network, urgewald
Blog
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New online platform reveals banks and investors financing companies linked to tropical forest loss in Southeast Asia

Financial sector under the spotlight in new international push to protect forests and forest communities
2016-09-06 | Singapore | Rainforest Action Network
Blog
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New report finds banks betting on climate change

Seventh annual bank finance Report Card reveals major banks poured hundreds of billions into extreme fossil fuels
2016-06-14 | Nijmegen, San Francisco | BankTrack, Rainforest Action Network, Sierra Club and Oil Change International
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New BankTrack Human Rights Impact Briefing: Drummond and paramilitary violence in Colombia

2016-05-25 | Nijmegen | BankTrack
Blog
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Stuart Gulliver ‘has blood on his hands’ as HSBC AGM shines light on human rights abuses

2016-04-22 | London | Move Your Money UK
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UN-backed green fund to wean major banks off fossil addiction

2016-03-11 | ClimateHome
Blog
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Green Climate Fund must say no to partnerships with HSBC, Crédit Agricole

2016-03-07 | Songdo, South Korea | BankTrack, FoE US, FoE France
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Green Climate Fund urged to ditch links to HSBC, Credit Agricole

2016-03-03 | ClimateHome
Blog
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New BankTrack Human Rights Impact Briefing: Labour standards violations in IOI Corporation’s Malaysian plantations

2016-02-16 | Nijmegen | BankTrack
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The Green Climate Fund’s not-so-green partners

2015-12-15 | Euractiv
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Eight banks submit bids to manage $3.2 billion Coal India stake sale

2015-11-16 | Reuters
Blog
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Green Climate Fund must say no to HSBC, Crédit Agricole partnerships

2015-11-03 | Pan African Climate Justice Alliance, Friends of the Earth U.S., Institute for Policy Studies, Germanwatch, ActionAid USA
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Green Climate Fund under pressure to shun HSBC and Credit Agricole

BankTrack mentioned
2015-10-30 | Environmental Finance ($)
Blog
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Fair Finance Guide launches in Indonesia

Indonesian banks lag behind in incorporating social and environmental issues
2015-03-11 | Jakarta | Koalisi Responsibank Indonesia
Blog
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Banks behind Indonesian palm oil tycoons revealed

HSBC and OCBC lead in bankrolling sector linked to large scale deforestation and tax avoidance
2015-03-10 | Jakarta | TuK Indonesia
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HSBC scandal caused horrible damage to reputation, says chairman

2015-02-26 | The Guardian
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UN, banks and oil palm giants feast on the stolen land of Uganda's dispossessed

2015-02-19 | The Ecologist
Blog
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Give us back our land: Ugandan oil palm project taken to court over land-grab claims

2015-02-19 | Kampala/Brussels/London | Anne van Schaik and Frank Muramuzi
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Fossil fuel divestment campaign grows as protesters target UK banks

2015-02-13 | The Guardian
Blog
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Call for banks to divest from APRIL

Social conflict and environmental destruction are rife in its operations
2014-12-10 | Nijmegen | BankTrack, Mandy Haggith – Environmental Paper Network
Blog
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Banks not yet living up to UN human rights principles, finds BankTrack

New research finds inadequate reporting on human rights impacts, and failure to establish mechanisms to allow complaints.
2014-12-02 | Geneva | BANKTRACK
Blog
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'Record year' for bank coal financing as latest UN climate warning looms

2014-10-29 | Nijmegen | BankTrack
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UN ‘concerned’ over barrier reef but defers in-danger notice

2014-06-18 | Financial Times
Blog
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HSBC AGM: Protestors to tell HSBC to pull out of coal

2014-05-23 | London | World Development Movement
Blog
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BankTrack calls for strengthening of Green Bond Principles

Combatting climate change needs real commitments instead of loose guidelines - Banks must urgently curb fossil fuel financing
2014-04-14 | Nijmegen | BankTrack
Blog
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European and US financial institutions continue to finance illegal palm oil

2014-03-28 | Amsterdam/Brussels/Berlin | Friends of the Earth Europe
Blog
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HSBC states it would be "extraordinarily unlikely to go anywhere near" Abbot Point

2014 | BankTrack
Blog
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Nine of the world's top 20 funders of coal won't touch additional coal terminals at Abbot Point

2014 | BankTrack
Blog
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Santas deliver coal to ‘naughty bank’ HSBC

2013-12-17 | London | World Development Movement
Blog
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From Main Street to Wall Street, US banks and brands support illegal forest destruction for palm oil

International investigation names brands and investors behind commodity's boom
2013-11-21 | Washington / Jakarta | Friends of the Earth US
Blog
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Dirty Money - an interactive documentary

Watch WDM's online, interactive documentary exploring how UK banks are financing coal mining in Indonesia.
2013-11-21 | London | World Development Movement
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British banks among world's biggest lenders to coal industry, report finds

2013-11-18 | The Guardian
Blog
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Campaigners tell HSBC: Pull out of coal

2013-10-22 | London | World Development Movement
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HSBC's climate criminality

2013-10-10 | London | WDM website
Blog
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HSBC shuts down City branch in face of climate protest

2013-10-10 | London | World Development Movement
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Who's Funding Climate Change...

2013-10-04 | The Huffington Post
Blog
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UK banks financing coal boom destroying Borneo rainforests

2013-10-01 | London | World Development Movement
Blog
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European banks and pension funds fuel land-grabs in Uganda

2013-05-21 | Brussels | Friends of the Earth Europe
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European banks fuel land-grabs in Uganda

2013-05-21 | Friends of the Earth Europe
Blog
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Bill Oddie evicted from HSBC Headquarters

while protesting against bank’s role in Malaysian rainforest destruction
2013-05-14 | London | Global Witness
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Extreme Investments: 2013 Coal Finance Report Card

2013-04-29 | RAN
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Outrage at vast HSBC profits and bonuses despite role in drug money laundering

2013-03-04 | London | Global Witness
Blog
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Senior HSBC bankers need to face jail for their bank’s role in laundering drugs money

Fining the bank won’t work
2012-12-11 | UK | Global Witness
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Log tale - A new investigation accuses HSBC of ignoring its own sustainability policies

2012-11-03 | Economist
Blog
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HSBC rakes in US$130 million bankrolling rainforest destruction and human rights abuses in Malaysia’s corrupt forestry sector

2012-11-02 | United Kingdom | Global Witness
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Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
Blog
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“World’s favorite bank” HSBC “left U.S. vulnerable to dirty money”

Senate hearing examines money laundering, drug trafficking and terrorist financing allegations
2012-07-17 | London | Global Witness
Blog
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“Nuclear Banks, No Thanks!” coalition welcomes cancellation Belene nuclear plant

Cancellation Bulgarian nuclear power plant sends clear signal to banks that nuclear industry is a dying business; the future is in renewables
2012-03-29 | Nijmegen | Coalition “Nuclear Banks, No Thanks!”
Blog
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Don’t bank on the bomb

2012-03-05 | Washington | ICAN
Blog
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New report: European banks fuelling food price volatility and hunger

2012-01-12 | Brussels | Friends of the Earth Europe
Blog
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Bankrolling Climate Change

NGOs present groundbreaking research on banks’ involvement in coal financing
2011-11-30 | Durban | urgewald, Earthlife, BankTrack and groundWork
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Coal study names top 20 'climate killer' banks

BankTrack mentioned
2011-11-30 | The Guardian
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While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
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Time to Improve the Equator Principles, BankTrack Says

BankTrack mentioned
2011-10-24 | Washington | Social Funds
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BankTrack to Equator Principles banks; ‘get the Outside Job done’

Equator Principles update must lead to new Principles focused on people and planet
2011-10-23 | Washington | BankTrack
Blog
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Financiers search for sustainable future

BankTrack mentioned
2011-10-20 | Washington | Environmental Finance
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BEH and NEK announcement of key actions on Belene

2011-10-17 | BEH website
Blog
BankTrack news BankTrack blog Partner news Partner blog

China digs in conflict-ridden Burma for oil and gas

2011-09-06 | Bangkok | Finance GreenWatch
Blog
BankTrack news BankTrack blog Partner news Partner blog

FSA reveals British banks are failing to turn down corrupt funds

Long overdue recognition shows need for new systems in banks and more effective ongoing monitoring regime by FSA, say campaigners
2011-06-22 | London | Global Witness
BankTrack news BankTrack blog Partner news Partner blog

Barclays, HSBC and RBS linked to 'dirty financing' for fossil fuels

2011-06-14 | The Ecologist
Blog
BankTrack news BankTrack blog Partner news Partner blog

Protest mounts against earthquake prone nuke plant

2011-05-20 | India | Karuna Raina, Greenpeace
BankTrack news BankTrack blog Partner news Partner blog

HSBC Contracts with Bulgaria to Fund Nuclear Power Plant in Seismic Area

2011-04-19 | Social funds
Blog
BankTrack news BankTrack blog Partner news Partner blog

HSBC gets EUR 2.7 M consulting contract for Bulgaria's Belene NPP - report

2011-04-12 | Bulgaria | www.investbulgaria.com
Blog
BankTrack news BankTrack blog Partner news Partner blog

One month into Fukushima disaster, HSBC signs advisory contract for nuclear power plant in earth quake zone

2011-04-01 | Nijmegen, Netherlands | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Don’t make it easier for dictators to steal

2011-02-24 | London | Global Witness
BankTrack news BankTrack blog Partner news Partner blog

HSBC takes a step away from tar sands

2011-01-26 | San Fransisco, US | Brant Olson, Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

US embassy cables: More troubles at Bulgarian nuclear power plant

2010-12-20 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Bulgaria Picks HSBC for Belene Nuclear Plant Consultant

2010-11-16 | Bulgaria | Novinite
Blog
BankTrack news BankTrack blog Partner news Partner blog

British banks complicit in Nigerian corruption, court documents reveal

2010-10-11 | London | Global Witness
BankTrack news BankTrack blog Partner news Partner blog

Banks grow wary of environmental risks

2010-08-31 | NY Times
Blog
BankTrack news BankTrack blog Partner news Partner blog

New rules for Equator Principles, but no new commitments from banks

New governance rules represent missed chance for Equator Principles to take bold steps forward on transparency and accountability
2010-07-01 | Nijmegen, the Netherlands | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Bank financing of nuclear power exposed on NGO site

BankTrack mentioned
2010-05-27 | international | Environmental Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack calls on banks to stop funding nuclear power

New website exposes nuclear secrets of commercial banks
2010-05-26 | Nijmegen, the Netherlands | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack calls upon banks to Close the Gap on investment policies

New report evaluates quality of investment policies of 49 banks; more policies in place, overall quality below what is required
2010-04-27 | Nijmegen, the Netherlands | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Top financial institutions invest over US$43 billion in producers of cluster bombs

Activists call on governments and financial institutions to stop explosive investments
2010-04-14 | Geneva, Switzerland | Netwerk Vlaanderen/ IKV PaxChristi
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Principles: Action, not words needed

BankTrack calls upon Citi, new chair of Equator Principles to take bold steps forward
2010-03-15 | Nijmegen, The Netherlands | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

UK Taxpayers' money involved in financing controversial tar sands companies

Cashing in on Tar Sands: RBS, UK banks and Canada’s “blood oil”
2010-03-01 | London | Platform
Blog
BankTrack news BankTrack blog Partner news Partner blog

28 countries accused of facilitating money laundering … but key offenders missing

also banks that do business with corrupt regimes have been exposed in Global Witness research
2010-02-18 | London | Global Witness
BankTrack news BankTrack blog Partner news Partner blog

Civil society groups call for bold steps forward with Equator Principles

Major reforms needed on transparency, accountability, implementation and climate change
2010-01-14 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Top financial institutions still invest US$20 billion in cluster bombs

Activists call on banks and pension funds to disinvest from banned weapon
2009-10-29 | London | Netwerk Vlaanderen
BankTrack news BankTrack blog Partner news Partner blog

BankTrack members unveil bank secrets

Six European organizations launch a revealing website: www.banksecrets.eu
2009-06-25 | Brussels | CRBM
Blog
BankTrack news BankTrack blog Partner news Partner blog

Carbon Principles and Climate Principles will not stop melting of the ice

2009-03-30 | Bonn, Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major banks facilitate corruption in world's poorest countries; government regulation is not working

2009-03-11 | London | Global Witness
Blog
BankTrack news BankTrack blog Partner news Partner blog

Cashing in on Coal - New Report

2008-08-26 | London, Edinburgh | Platform
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks shun harmful investments

New report shows examples of pioneering banks
2008-06-11 | Brussels | Netwerk Vlaanderen
Blog
BankTrack news BankTrack blog Partner news Partner blog

Credit Suisse involved in Malaysian logging giants stock exchange listing

2007-02-15 | Basel, Zuerich | Berne Declaration
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report FoE France : Banques et environnement: Presque tout reste à faire

2006-03-06 | Paris, France | Les Amis de la Terre
Resources
Documents
Links

Letter from BankTrack and Mars se Drine to HSBC on Jadar project

Correspondence
2025-05-08 00:00:00 | BankTrack and Mars se Drine

Letter from BankTrack to HSBC on Finance to PLN

Correspondence
2025-03-19 00:00:00 | BankTrack

Which banks have ruled out finance for the JSW Utkal Steel and Coal Project?

BankTrack publication
2025-03-13 00:00:00 | BankTrack

Letter from BankTrack to HSBC on JSW Utkal Steel

Correspondence
2025-02-20 00:00:00 | BankTrack

Annual report 2024

Annual report
2025-02-19 00:00:00 | HSBC

HSBC Sustainable Finance and Investment Data Dictionary

Bank policy
2025-02-19 00:00:00 | HSBC

Thermal Coal Phase-Out Policy

February 2025
Bank policy
2025-02-17 00:00:00 | HSBC

Energy Policy

February 2025
Bank policy
2025-02-17 00:00:00 | HSBC

Introduction to Sustainability Risk Policies

February 2025
Bank policy
2025-02-16 00:00:00 | HSBC

Banking on biodiversity collapse 2024

Partner publication
2024-10-16 00:00:00 | Forest and Finance Coalition

Banking on a climate shipwreck

Exposing the role of global banks in the expansion of maritime fossil gas
NGO document
2024-10-10 00:00:00 | Stand.earth

Green Financing Framework

Bank policy
2024-10-08 00:00:00 | HSBC

NZBA 2024 Progress Report

Other document
2024-10-01 00:00:00 | NZBA

Response Tracking – Letter to 20 banks on ArcelorMittal, sent June 10th 2024

NGO document
2024-07-17 00:00:00 | BankTrack

Suzano's Pulp Fiction

Comparing words and deeds of the world’s largest eucalyptus pulp producer
NGO document
2024-07-16 00:00:00 | EPN

Defence Equipment Policy Statement

Bank policy
2024-06-27 00:00:00 | HSBC

Letter from BankTrack to HSBC on Risks of HSBC's relationship with ArcelorMittal

Correspondence
2024-06-10 00:00:00 | BankTrack

ArcelorMittal and the Responsibility of Stakeholders in the Steel Value Chain

NGO document
2024-05-27 00:00:00 | Centre for Environmental Rights South Africa, Fair Steel Coalition, groundWork, Lead the Charge, SteelWatch, and Vaal Environmental Justice Alliance.

UNSUPERVISED - The carbon pollution of the world’s largest banks

NGO document
2024-05-21 00:00:00 | ReCommon

Banking on climate chaos 2024

Fossil fuel finance report 2024
BankTrack publication
2024-05-13 00:00:00 | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance & Sierra Club

ASSESSING PETROPERÚ’S FINANCIAL, LEGAL, ENVIRONMENTAL, AND SOCIAL RISKS

Risk Alert
Partner publication
2024-04-30 00:00:00 | Amazon Watch

Open letter signed by 81 CSOs to financiers Ithaca Energy about Rosebank oil and gas field

NGO document
2024-03-19 00:00:00 | BankTrack, Stop Rosebank

Still Butchering the Planet

Partner publication
2024-03-18 00:00:00 | Feedback

Annual report 2023

Annual report
2024-02-22 00:00:00 | HSBC

The Cerrado crisis: Brazil’s deforestation frontline

Partner publication
2024-02-21 00:00:00 | Global Witness

Coal Havens

The banks and loopholes keeping coal finance alive in Asia
BankTrack publication
2024-01-23 00:00:00 | BankTrack

Complaints to the Swiss and United Kingdom National Contact Points under the Specific Instance Procedure of the 2023 OECD Guidelines for Multinational Enterprises

BankTrack publication
2024-01-16 00:00:00 | BankTrack, Worth Rises and Coalition for Immigrant Freedom

Letter from BankTrack to HSBC on Ending support for metallurgical coal

Correspondence
2023-12-07 00:00:00 | BankTrack

Fossil Fuel Expansion in the United Arab Emirates

ADNOC and Its International Partners
BankTrack publication
2023-12-05 00:00:00 | Urgewald, Reclaim Finance, Lingo & BankTrack

Bankrolling the butchers

The role of UK banks in financing industrial meat and dairy corporations
Partner publication
2023-11-30 00:00:00 | Feedback

Letter from BankTrack to HSBC on posco relining plans

Correspondence
2023-11-29 00:00:00 | BankTrack

Letter from BankTrack & Coalition for Immigrant Freedom to HSBC on financial ties to human rights violations in US immigration detention facilities run by CoreCivic and GEO Group

Correspondence
2023-09-07 00:00:00 | BankTrack & Coalition for Immigrant Freedom

Will San Miguel Power a World Made Better?

Partner publication
2023-06-12 00:00:00 | CEED

BankTrack's submission to the public consultation on TNFD V0.4

BankTrack publication
2023-06-01 00:00:00 | BankTrack

Why banks should account for their full share of facilitated emissions

Banks are making progress on setting net-zero targets but most focus on lending and only a handful include capital markets facilitation – funding activities where banks do not provide capital themselves but play a critical role in facilitating access to it. Capital markets are a vital source of funding and will be key in delivering the low-carbon transition. In 2021 alone, global bond and equity issuances stood at US$26.8 trillion. This memo outlines why the industry-organised Partnership for Carbon Accounting Financials should include a 100% weighting for capital market facilitation.
NGO document
2023-05-23 00:00:00 | ShareAction

Press release: European banks among biggest drivers of fossil fuel expansion

2023 Banking on Climate Chaos - Europe press release
NGO document
2023-04-13 00:00:00 | BankTrack, Les Amis de la Terre France, Reclaim Finance, ReCommon, Urgewald

Banking on Climate Chaos 2023

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
BankTrack publication
2023-04-13 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, Urgewald

Boom and Bust Coal 2023

Tracking the Global Coal Plant Pipeline
Partner publication
2023-04-06 00:00:00 | Global Energy Monitor

Annual report 2022

Annual report
2023-03-09 00:00:00 | HSBC

HSBC Annual Report 2022

Annual report
2023-02-28 00:00:00 | HSBC

HSBC Modern Slavery and Human Trafficking Statement 2022

Bank policy
2023-02-28 00:00:00 | HSBC

Background briefing: Just 7% of global banks' energy financing goes to renewables, new data shows

BankTrack publication
2023-01-27 00:00:00 | Profundo for Sierra Club, Fair Finance International, BankTrack, Rainforest Action Network

In debt to the planet

Europe’s largest banks are not doing enough to address the twin crises of climate change and biodiversity loss.
NGO document
2022-12-12 00:00:00 | ShareAction

BankTrack Global Human Rights Benchmark 2022

BankTrack publication
2022-11-17 00:00:00 | BankTrack

Who is financing fossil fuel expansion in Africa?

BankTrack publication
2022-11-15 00:00:00 | Urgewald, BankTrack, 350.org Africa, Africa Coal Network & Oilwatch Africa, et al.

Statement on Nature

Bank policy
2022-10-31 00:00:00 | HSBC

Burning forests in the name of clean energy? How banks are failing to exclude the harmful wood biomass industry from finance

BankTrack publication
2022-10-21 00:00:00 | BankTrack

Responses received to letters sent to signatories of the Glasgow Financial Alliance for Net Zero

Other document
2022-10-17 00:00:00 | London Stock Exchange

Vaca Muerta Basin: An Oil & Gas Trap

IMF and global capital markets neglect the risk of ballooning Argentina’s debt and liability problem
NGO document
2022-07-29 00:00:00 | Profundo, 350.org Argentina

Letter from BankTrack and Mars se Drine to HSBC on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-13 00:00:00 | BankTrack and Mars se Drine

Letter from BankTrack, 350.org, Bank on our Future and Uplift to 25 banks on Shell's proposed Jackdaw gas field

Correspondence
2022-06-03 00:00:00 | BankTrack, 350.org, Bank on our Future and Uplift

Agricultural commodities policy

Bank policy
2022-05-12 00:00:00 | HSBC

World Heritage Sites and Ramsar Wetlands Policy

Bank policy
2022-05-12 00:00:00 | HSBC

Forestry policy

Bank policy
2022-05-11 00:00:00 | HSBC

Chemicals Industry Policy

Bank policy
2022-05-11 00:00:00 | HSBC

Mining & Metals Policy

Bank policy
2022-05-11 00:00:00 | HSBC

Banking on Climate Chaos 2022

Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021
BankTrack publication
2022-03-30 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, urgewald

Annual report 2021

Annual report
2022-03-11 00:00:00 | HSBC

HSBC sets Net Zero aligned targets to reduce financed emissions from oil and gas, power and utilities sectors

Other bank document
2022-02-22 00:00:00 | HSBC

Human rights statement

Bank policy
2022-02-22 00:00:00 | HSBC

HSBC sets Net Zero aligned targets to reduce financed emissions from oil and gas, power and utilities sectors

Bank policy
2022-02-22 00:00:00 | HSBC

Actions speak louder: Assessing bank responses to human rights violations

BankTrack publication
2021-12-14 00:00:00 | BankTrack

A practitioner's guide for banks

Considerations for banks in setting a net zero strategy
Other bank document
2021-10-04 00:00:00 | Sustainable Markets Initiative - Financial Services Taskforce

Drill, baby, drill

How banks, investors and insurers are driving oil and gas expansion in the Arctic
NGO document
2021-09-23 00:00:00 | Reclaim Finance

Recipients of the letter about the risk of the anti-environment agenda in the Brazilian Congress

NGO document
2021-08-19 00:00:00 | BankTrack

Banking on Amazon destruction

NGO document
2021-07-08 00:00:00 | Amazon Watch & Stand.earth

Guidance on Biodiversity Target Setting for PRB signatories

Other document
2021-06-24 00:00:00 | UNEPFI

Forests & Finance 2021 Briefing - Is Your Money Destroying Rainforests or Violating Rights?

NGO document
2021-06-23 00:00:00 | Forests and Finance

Environmental, Social and Governance update 2019

Other bank document
2021-06-23 00:00:00 | HSBC

The Big Smoke

The global emissions of the UK financial sector
NGO document
2021-05-25 00:00:00 | Greenpeace and WWF

City of Coal

The Climate Crimes of UK Finance
NGO document
2021-05-04 00:00:00 | Reclaim Finance and Urgewald

Key Cerrado Deforesters in 2020 Linked to the Clearing of More Than 110,000 Hectares

NGO document
2021-05-03 00:00:00 | Chain Reaction Research

Annual report 2020

Annual report
2021-03-09 00:00:00 | HSBC

Big meat. Big bucks. Bigger harm.

Animal welfare and European financial links with deforestation in the Amazon and Cerrado
NGO document
2021-03-05 00:00:00 | World Animal Protection and Profundo

Open Letter from over 260 civil society organisations to banks on EACOP

NGO document
2021-02-25 00:00:00 | 263 CSOs

"Trust Us, We're Equator Banks": Part II

BankTrack publication
2020-11-24 00:00:00 | BankTrack

Barclays’ and HSBC’s $43 billion fossil fuel problem

NGO document
2020-11-11 00:00:00 | Fund Our Future UK

ESG Update 2019

Annual report
2020-11-05 00:00:00 | HSBC

High Risk, Low Reward

An overview of European banks' position on oil sands
NGO document
2020-10-31 00:00:00 | ShareAction

Bankrolling Extinction: The top 10 banks financing biodiversity loss

NGO document
2020-10-28 00:00:00 | porfolio.earth

A detailed analysis of HSBC’s net zero ambition

NGO document
2020-10-19 00:00:00 | ShareAction

Fixed income investor presentation

Other bank document
2020-07-31 00:00:00 | HSBC

Financial crime risk policies

Date listed represents date as accessed on website
Bank policy
2020-07-15 00:00:00 | HSBC

Annual report 2019

Annual report
2020-04-28 00:00:00 | HSBC

Energy policy update on coal power plants in Vietnam, Bangladesh and Indonesia

(page 3 of this document)
Bank policy
2020-04-25 00:00:00 | HSBC

Banking on Climate Change - Fossil Fuel Finance Report 2020

BankTrack publication
2020-03-18 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club

Modern slavery and human trafficking statement

Bank policy
2020-02-18 00:00:00 | HSBC

Chemicals industry policy

Bank policy
2020-02-15 00:00:00 | HSBC

Letter from BankTrack to HSBC on the bank's progress on its fossil fuel finance since COP24

Correspondence
2019-12-11 00:00:00 | BankTrack

The UK's dirty coal secret

$26 billion support from big four banks for international companies planning coal fleet 16 times the size of current UK capacity
BankTrack publication
2019-12-05 00:00:00 | BankTrack, urgewald, 350.org

Money to Burn

How iconic banks and investors fund the destruction of the world’s largest rainforests
NGO document
2019-09-23 00:00:00 | Global Witness

Fool's Gold

The financial institutions bankrolling Europe’s most coal-dependent utilities
NGO document
2019-05-21 00:00:00 | Europe Beyond Coal

Annual General Meeting Shareholder Briefing HSBC

BankTrack publication
2019-04-10 00:00:00 | BankTrack

Environmental, Social and Governance Update 2019

Annual report
2019-04-01 00:00:00 | HSBC

Annual report 2018

Annual report
2019-03-11 00:00:00 | HSBC

Letter from Civil Society Groups to Companies linked to Vale on Breakdown of Brumadinho tailings dam

Correspondence
2019-02-21 00:00:00 | Civil Society Groups

Bank Policy Matrix

NGO document
2018-12-10 00:00:00 | Forests & Finance Coalition

Green Bond Framework 2018

Bank policy
2018-11-30 00:00:00 | ING

No exceptions

Why HSBC’s new coal policy could fuel climate change
NGO document
2018-10-17 00:00:00 | Christian Aid

Letter from BankTrack and 120 organisations to HSBC on Demands FBNT campaign

Correspondence
2018-10-16 00:00:00 | BankTrack and 120 organisations

Anti-money laundering questionnaire

Bank policy
2018-05-31 00:00:00 | HSBC

Annual report 2017

Annual report
2018-04-20 00:00:00 | HSBC Holdings

How banks contribute to human rights violations: responses to the Business & Human Rights Resource Centre

NGO document
2018-02-28 00:00:00 | Business & Human Rights Resource Centre

Letter from HSBC to Business and Human Rights Resource Centre, BankTrack on How banks contribute to human rights violations

Correspondence
2018-01-15 00:00:00 | HSBC

The Big Shift - Banks must invest our money in a cleaner future

NGO document
2017-12-07 00:00:00 | Christian Aid

Major international banks continue to finance palm oil company Indofood despite evidence of systemic labor abuses

Forest & Finance Briefing
NGO document
2017-11-30 00:00:00 | RAN, TuK Indonesia & Profundo

The human cost of conflict palm oil - revisited

How PepsiCo, Banks and the Roundtable on Sustainable Palm Oil perpetuate Indofood's worker exploitation
NGO document
2017-11-30 00:00:00 | RAN, OPPUK & International Labor Rights Forum

Environmental, Social and Governance (ESG) Supplement

Other bank document
2017-11-06 00:00:00 | HSBC

Banks: High Carbon, Hidden Risks

NGO document
2017-09-25 00:00:00 | Rainforest Action Network

Deadly Investments

UK bank complicity in Israel’s crimes against the Palestinian people
NGO document
2017-07-03 00:00:00 | War on Want

Japanese and Malaysian banks and investors continue to pump billions of dollars into forest-risk companies, without adequate environmental and social safeguards

NGO document
2017-06-13 00:00:00 | RAN, TuK Indonesia & Profundo

Environmental Policy

Bank policy
2017-04-26 00:00:00 | HSBC

Financiers of IOI and Asia Pulp & Paper (APP) face material ESG risks from failure to respect land tenure rights

NGO document
2017-03-27 00:00:00 | RAN, TuK & Profundo

IndoAgri's new sustainable palm oil policy ails to address key environmental, social and governance (ESG) risks

NGO document
2017-02-28 00:00:00 | RAN, TuK & Profundo

Annual Report and Accounts 2016

Annual report
2017-02-21 00:00:00 | HSBC Holdings

Sime Darby urged to resolve long-standing land rights conflict before stock exchange listing of its plantation division

NGO document
2017-01-31 00:00:00 | RAN, TuK & Profundo

Dirty Bankers

How HSBC is financing forest destruction for palm oil
NGO document
2017-01-17 00:00:00 | Greenpeace

Environmental and Social Due Diligence - Long Phu I TPP, Final Report

Other bank document
2016-12-09 00:00:00 | ERM Vietnam Company

Protecting the Leuser Ecosystem

A Shared Responsibility
NGO document
2016-11-07 00:00:00 | Rainforest Action Network

HSBC response to Banktrack report

RE "Banking with Principles?" 2016
Other bank document
2016-07-25 00:00:00

Statement of anti-bribery principles

Bank policy
2016-07-18 00:00:00 | HSBC

Anti-Money Laundering Policy Statement

Bank policy
2016-07-18 00:00:00 | HSBC

Sanctions Policy Statement

Bank policy
2016-07-18 00:00:00 | HSBC

Shorting the Climate

Fossil Fuel Finance Report Card 2016
BankTrack publication
2016-06-14 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club, Oil Change International

Green Paper, Red Lines

Requirements for pulp and paper industry finance
BankTrack publication
2016-06-02 00:00:00 | BankTrack, Environmental Paper Network

Human Rights Impact Briefing #2: Drummond and paramilitary violence in Colombia

BankTrack publication
2016-05-25 00:00:00 | BankTrack

HSBC Coal Bank Briefing 2016

BankTrack publication
2016-04-22 00:00:00 | BankTrack, Move Your Money UK

Sustainable Operations

Our ten 2020 goals and performance to the end of 2015
Other bank document
2016-04-18 00:00:00

Letter from HSBC to BankTrack on Drummond Human Rights Impact Briefing

Correspondence
2016-04-13 00:00:00 | HSBC

Strategic Report 2015

Annual report
2016-03-09 00:00:00 | HSBC Holdings

Annual Report and Accounts 2015

Annual report
2016-03-07 00:00:00 | HSBC Holdings

Human Rights Impact Briefing #1:Labour standards violations in IOICorporation’s Malaysian plantations

BankTrack publication
2016-02-16 00:00:00 | BankTrack

HSBC Coal Bank Briefing 2015

BankTrack publication
2015-09-08 00:00:00 | BankTrack

EU Investors, Land Grabs and Deforestation: Case-Studies

Briefing note
NGO document
2015-06-15 00:00:00 | Fern

The end of coal?

2015 Coal Finance Report Card
BankTrack publication
2015-05-04 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club

Strategic Report 2014

Annual report
2015-04-24 00:00:00 | HSBC

Annual Report 2014

Annual report
2015-02-23 00:00:00 | HSBC

Tycoon-controlled oil palm groups in Indonesia - Executive Summary

NGO document
2015-02-16 00:00:00 | TuK, Profundo

Letter from EPN to Banks investing in April on APRIL

Correspondence
2014-12-10 00:00:00 | EPN

Banking on Coal 2014

BankTrack publication
2014-10-29 00:00:00 | BankTrack

Dirty Profits III

Reporting on Companies and Financial Institutions Benefiting from Violations of Human Rights 
NGO document
2014-10-01 00:00:00 | Facing Finance

Coal Finance Report Card 2014

Extreme Investments; Extreme Consequences
BankTrack publication
2014-04-17 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack

Letter from BankTrack to signatory banks on Green Bond Principles

Correspondence
2014-04-09 00:00:00 | BankTrack

Statement on forestry and palm oil

Bank policy
2014-03-01 00:00:00 | HSBC

Annual Report 2013

Annual report
2014-01-01 00:00:00

Banking on Extinction

Oil Palm, Orangutans and the Certified Failure of HSBC's Forest Policy
NGO document
2013-11-16 00:00:00 | EIA

Banking while Borneo burns

How the UK financial sector is bankrolling Indonesia's fossil fuel boom
NGO document
2013-09-30 00:00:00 | World Development Movement

HSBC in Malaysia

Bill Oddie’s BankWatch
NGO document
2013-05-24 00:00:00 | Global Witness

Sustainability Report 2012

Annual report
2013-05-22 00:00:00 | HSBC Holdings plc

The Cerrejón mine - Coal exploitation in Colombia

NGO document
2013-05-01 00:00:00 | World Development Movement

Coal Finance Report Card 2013

Extreme investments - US Banks and the Coal Industry
BankTrack publication
2013-04-29 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack

Annual report and accounts 2012

connecting customers to opportunities
Annual report
2013-04-02 00:00:00 | HSBC Holdings plc

In the future, there will be no forests left.

HSBC rakes in US$130 million bankrolling rainforest destruction and human rights abuses in Malaysia’s corrupt forestry sector
NGO document
2012-11-02 00:00:00 | Global Witness

Worldwide investments in Cluster munitions, a shared responsibility

NGO document
2012-06-20 00:00:00 | IKV Pax Christi & FairFin

HSBC's Project Belene (financial modelling presentation).

Presentation of the Operational Model
Other bank document
2012-04-24 00:00:00 | HSBC

Bankrolling climate change

A look into the portfolios of the world`s largest banks
BankTrack publication
2011-11-30 00:00:00 | urgewald, BankTrack, Groundwork

Notificação extrajudicial: teor da presente notificação- HSBC

Correspondence
2011-10-25 00:00:00 | Amigos da Terra- Amazonia Brasileira

Segunda notificação extrajudicial- Complexo Hidreletrico de Belo Monte- HSBC

Correspondence
2011-10-25 00:00:00 | Amigos da Terra- Amazonia Brasileira

2011 Global Investor Statement on Climate Change

Other document
2011-10-19 00:00:00 | IIGCC, INCR, IGCC, UNEP-FI, PRI

HSBC Cluster Munitions Investments

Other document
2011-05-25 00:00:00 | Netwerk Vlaanderen & IKV Pax Christi

Letter from BankTrack to EPFIs on issues around Equator Principles Review process

Correspondence
2010-12-18 00:00:00 | Banktrack

International thief thief

NGO document
2010-10-11 00:00:00 | Global Witness

Where did our money go?

Other document
2010-10-04 00:00:00 | New Economics Foundation

The UN Principles for Responsible Investment (UNPRI)

Other bank document
2010-05-01 00:00:00 | HSBC Global Asset Management

Close the Gap

Benchmarking investment policies of international banks
BankTrack publication
2010-04-27 00:00:00 | BankTrack

HSBC cluster munitions investments

Other document
2010-04-01 00:00:00 | Netwerk Vlaanderen, IKV PAX Christi

Summary Table 'Hall of Fame and runners-up'

NGO document
2010-04-01 00:00:00 | Netwerk Vlaanderen, IKV PAX Christi

HSBC cluster munitions financing

Other document
2009-10-01 00:00:00 | Netwerk Vlaanderen et. al.

Worldwide investments in CLUSTER MUNITIONS, a shared responsibility

NGO document
2009-10-01 00:00:00 | Netwerk Vlaanderen, et. al.

Communication on Progress to the UN Global Compact 2008

Other bank document
2009-08-26 00:00:00 | HSBC

Meek Principles for a Tough Climate

Why the Climate and Carbon Principles will not stop the melting of the ice
BankTrack publication
2009-03-01 00:00:00 | BankTrack

HSBC and the Palm Oil Sector in South East Asia: Towards accountability

NGO document
2008-11-20 00:00:00 | Forest Peoples Programme with Profundo

Cashing in on coal: RBS, UK banks and the global coal industry

NGO document
2008-08-01 00:00:00 | Platform

Viewpoint of European Commission on Belene

Other document
2008-06-11 00:00:00 | European Commission

Profiles of European Banks

NGO document
2008-01-11 00:00:00 | Ceres

Letter to EP banks on NGO concern about consultation process

Correspondence
2006-03-22 00:00:00 | BankTrack

Freshwater infrastructure sector guideline

Bank policy
2005-05-01 00:00:00 | HSBC
Accountability
Grievances
Response tracking

HSBC does not operate a complaints or grievances channel for individuals and communities that may be adversely affected by its finance. However, customers can contact the bank at sustainable.finance@hsbc.com whereas other stakeholders may raise complaints via the OECD National Contact Points (see OECD Watch guidance).

Furthermore, HSBC is a member of the Roundtable on Sustainable Palm Oil (RSPO), which operates a grievance mechanism to address violations of its standards, including concerns about human rights abuses in the palm oil industry. Affected communities can access this mechanism here. 

HSBC is also an Equator Principles signatory. While the Equator Principles have no official grievance mechanism, complaints relating to this bank's financing of Equator Principles projects can be filed through our own website www.equator-complaints.org.

This page evaluates HSBC's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
Banks assisting with war mobilisation in Russia (October 2022)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank did not respond.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information to indicate the bank is monitoring the actions of its clients, or actions it might itself have taken in response to the impacts raised.
More info
Business & Human Rights Resource Centre, October 2022
Banks profiting from the construction and hotel boom in Qatar (November 2022)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank did not respond.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information to indicate the bank is monitoring the actions of its clients, or actions it might itself have taken in response to the impacts raised.
More info
"No Questions Asked: Profiting from the construction and hotel boom in Qatar " report, November 2023
Don't Buy into Occupation report (November 2022)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank did not respond.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information to indicate the bank is monitoring the actions of its clients, or actions it might itself have taken in response to the impacts raised.
More info
"Don't Buy Into Occupation" report, November 2022
Banks and Dirty Diesel: Vitol and Trafigura (May 2017)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank publicly responded stating that it does not comment on individual companies.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.
More info
BankTrack Human Rights Briefing, May 2017
Deforestation in the Amazon (July 2019)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank publicly responded stating that it does not comment on individual companies.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.
More info
Business and Human Rights Resource Centre, 2019
Don't Buy into Occupation report (September 2021)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank responded citing client confidentiality
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.

Following the bank's response: The bank has not provided details on how it monitored the progress of specific companies or how the bank monitored the impact on rights-holders involved in raising the issue with the bank of its own action of updating the Agriculture sector policy. Therefore, the score remains unchanged.

More info
"Don't Buy Into Occupation" report, Sept 2021
Drummond and paramilitary violence in Colombia (May 2016)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank publicly responded stating that "HSBC does not and cannot discuss individual customers".
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.
More info
BankTrack Human Rights Briefing, May 2016
East African Crude Oil Pipeline (March 2021)
1
0.5
0.5
0
Dodgy Deal profile
Response
0.5
Out of 1
Rationale for score

The bank initially responded without commenting on the project.

Following the bank's response: As indicated in the bank's feedback, it later confirmed that it is not involved in the financing for the project. It did not comment on or respond to the substance of the issues raised, therefore it receives a half score.

Action
0.5
Out of 1
Rationale for score

No information available on whether the bank engaged with its client or took appropriate action.

Following the bank's response: The bank confirmed that it is not involved in financing for the project; however, the bank remains exposed to TotalEnergies, the project developer, and it has not (yet) set out specific actions that it requires (or will require) the company to take to address the impacts raised.

Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored measures taken by its client to address the impacts associated with the project.
IOI Corporation labour standards violations (February 2016)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank publicly responded stating that it does not comment on individual companies.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.
More info
BankTrack Human Rights Briefing, February 2016
Rio Tinto's Jadar mine, Serbia (December 2021)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank's response neither acknowledges its link to the impact, nor addresses the issues raised
Action
0
Out of 1
Rationale for score
The bank does not describe any engagement with its client or approptriate action
Monitoring
0
Out of 1
Rationale for score
No information to indicate the bank is monitoring the actions of its clients, or actions it might itself have taken in response to the impacts raised.
More info
Letter to financiers of Rio Tinto, December 2021
UN human rights complaint regarding Saudi Aramco and its financiers (July 2023)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank responded publicly but it did not acknowledge a link to the impacts raised or to the company in question.
Action
0
Out of 1
Rationale for score
The bank did not provide information on whether it has engaged with its client or took appropriate action on the impacts raised. In its response, the bank outlined its approach to climate change and human rights more broadly.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.
More info
, ClientEarth, UN warns Aramco and its financiers over their role in driving climate-fuelled human rights violations, June 2023
Finance for JBS and links to deforestation in the Brazilian Amazon (March 2023)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank did not respond.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.
More info
"Global Witness calls on financiers to stop financing JBS", March 2023
ArcelorMittal steel impacts (June 2024)
0
0
0
n/a
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank's response neither acknowledges its link to the impact, nor addresses the issues raised. citing their "duty of client confidentiality prevents discussion of specific cases or clients."
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
n/a
Rationale for score
The impact was not raised over a year ago and therefore is not scored on monitoring progress.
More info
See the summary of bank responses here. See this bank's response here.
JSW Utkal steel and coal, India (February 2025)
0
0
0
n/a
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank responded, stating: "Our policy is not to comment on speculative financing activity."
Action
0
Out of 1
Rationale for score
No information is available on whether the bank engaged with its client or took appropriate action.
Monitoring
n/a
Rationale for score
The impact was not raised over a year ago and therefore is not scored on monitoring progress.
More info
International CSOs call on banks to rule out finance for controversial Indian steel and coal project, March 2025
Impacts of Indonesia’s state electricity company PLN (March 2025)
0
0
0
n/a
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank responded, stating: "Our policy is not to comment on speculative financing activity."
Action
0
Out of 1
Rationale for score
No information is available on whether the bank engaged with its client or took appropriate action.
Monitoring
n/a
Rationale for score
The impact was not raised over a year ago and therefore is not scored on monitoring progress.
More info
See the letter BankTrack sent the bank here.
Average
73%
0.07
0.03
0.03
0
Banks and Climate

Banks and Climate

The 2024 Banking on Climate Chaos report showed that HSBC provided US$ 192.221 Billion in financing to the fossil fuel industry between 2016 and 2023. In 2023 only, HSBC provided US$ 5.164 Billion for oil, gas and coal companies expanding fossil fuels. Find further details on HSBC fossil fuel portfolio and how it compares to other large banks globally on Fossil Banks No Thanks and in the Banking on Climate Chaos report.

Fossil fuel finance data HSBC

Banking on Climate Chaos finance data panel

Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of HSBC's fossil fuel policy below.

Assessment of HSBC's policy in the Coal Policy Tool

Assessment of HSBC's policy in the Oil and Gas Policy Tracker

False Solutions Tracker expansion

BankLast update
Country
Wind Energy
Solar Energy
Geothermal Energy
Ocean Energy
Energy grids and storage
Hydropower
Hydrogen
Solid Biomass
Biofuels
CCUS
Nuclear Power
Details
HSBC
2025-05-19
GBR
Explanation

The purpose of the False Solutions Tracker is to give a clear overview of energy technologies that fall under banks' individual sustainable finance commitments. The tracker lists 11 energy technologies that are usually associated with the energy transition and the decarbonisation of the economy. These technologies are defined here and classified in three categories:

  1. Real solutions: Technologies that deliver on a Just Transition towards Energy Democracy. BankTrack considers these technologies as real solutions only if and when they do deliver Energy Democracy.

  2. Solutions under strict conditions: Energy technologies that could be real solutions if they deliver on a Just Transition towards Energy Democracy but that could also be false solutions. This is the case of hydrogen and hydropower. On one hand, fossil-free and green hydrogen could be a real solution under certain conditions. However, fossil-based hydrogen and nuclear hydrogen are always false solutions. On the other hand, hydropower lifespan extension could also be a real solution under strict conditions while hydropower expansion is a false solution.

  3. False solutions: Energy technologies that are not aligned with a just transition towards Energy Democracy.

For each one of the 11 energy technologies, the tracker indicates if it is included in bank's individual sustainable finance commitments:

 

For Real solutions:

  • ​​: Yes, the bank includes its finance towards this energy technology in its sustainable finance reporting.
  • ​: Yes, the bank includes its finance towards this energy technology in its sustainable finance reporting, but under certain conditions. In this case, those conditions are mentioned in the "relevant policy document" section for each bank.
  • ​: No, the bank does not include its finance towards this energy technology in its sustainable finance reporting.
  • ​ : It is unclear whether the bank includes or not its finance towards this energy technology in its sustainable finance reporting.

 

For solutions under strict conditions and for false solutions:

  • ​: Yes, the bank includes its finance towards this energy technology in its sustainable finance reporting.
  • ​: Yes, the bank includes its finance towards this energy technology in its sustainable finance reporting, but under certain conditions. In this case, those conditions are mentioned in the "relevant policy document" section for each bank.
  • ​: No, the bank does not include its finance towards this energy technology in its sustainable finance reporting.
  • ​: It is unclear whether the bank includes or not its finance towards this energy technology in its sustainable finance reporting.
For more details see this page.
Banks and Human Rights

Banks and Human Rights

BankTrack assessed HSBC in its 2024 Global Human Rights Benchmark, where it achieved 7 points out of 15 and was ranked as a “follower”.

The bank scored 0.5 out of 3 points on the new “specific rights indicators”, which assess how banks address human rights defenders, Indigenous Peoples’ right to Free, Prior and Informed Consent and environmental rights in their policies and practices.

In addition, HSBC scored 0.08 out of 3 on how it responds to alleged human rights violations linked to its finance, which were raised by civil society organisations. More information is detailed in the “Accountability” section of this profile.

The BankTrack Human Rights Benchmark

The table below shows BankTrack's assessment of how HSBC has implemented the UN Guiding Principles on Business and Human Rights. Please click on 'expand all details' and 'explanation' for further information on the methodology.

Our policy assessments are always a work in progress. We very much welcome any feedback, especially from banks included in the assessments. Please get in touch at humanrights@banktrack.org.

Global Human Rights Benchmark 2022

BankLast update
Country
Score
Ranking
Details
HSBC
GBR
5
Follower 5
Explanation
Laggard
Follower
Front runner
Leader
0 - 3 points
3.5 - 6.5 points
7 - 10 points
10.5 - 14 points
For more details see this page.

Global Human Rights Benchmark 2024

BankLast update
Country
Score
Ranking
Details
HSBC
GBR
7
Follower 7
Explanation
Laggard
Follower
Moderate achiever
Leader
0 - 3 points
3.5 - 7 points
7.5 - 10.5 points
11 - 15 points
For more details see this page.
Banks and Nature

Banks and Nature

HSBC’s policies for forest-risk sectors (beef, soy, palm oil, pulp and paper, rubber and timber) have been assessed by the Forests & Finance coalition, achieving an overall score of 4.3 out of 10 and ranking it as a front runner. HSBC achieved a score of 3.9 out of 10 specifically for its policies related to the beef sector and 6.9 out of 10 for its policies related to the palm oil sector. In addition, BankTrack and the Environmental Paper Network have assessed HSBC’s policies related to the pulp and paper sector. 

Between 2016 and 2022, HSBC provided USD 7,907 million in credit to companies operating in these forest-risk sectors and held investments amounting to USD 66 million as of 2022.

BankTrack has also assessed HSBC’s policies related to the wood biomass sector and found that while it does mention biomass in its policy, it refers to it as a source of renewable energy and does not exclude it from finance. For more information, see the links below. 

Forests & Finance

Banks and beef

Banks and palm oil

Banks and pulp & paper

Banks and biomass

Forest & Finance Policy Assessment 2022: Overall scores

BankLast update
Country
Score
Ranking
Details
HSBC
2022-09-27
GBR
4.3
Front runner 4.3
Explanation

A bank can obtain a total of 10 points for the quality of its policies. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Beef

BankLast update
Country
Score
Ranking
Details
HSBC
2022-09-29
GBR
3.9
Follower 3.9
Explanation

A bank can obtain a total of 10 points for the quality of its beef policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Palm Oil

BankLast update
Country
Score
Ranking
Details
HSBC
2022-09-29
GBR
6.9
Front runner 6.9
Explanation

A bank can obtain a total of 10 points for the quality of its palm oil policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.
Tracking the NZBA

Tracking the Net Zero Banking Alliance

HSBC is a member of the Net Zero Banking Alliance (NZBA) and has therefore committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack track's implementation of these commitments in the NZBA compliance tracker.

Tracking NZBA banks commitments
Banks and Russia

Banks and Russian Aggression in Ukraine

BankTrack is keeping track of the public response of HSBC to Russia's illegal invasion of Ukraine. HSBC's public position on the war is unclear. HSBC is considered by Leave-Russia.org to be "withdrawing" its operations in Russia. We consider its exposure to Russia as limited. HSBC supports the Russian fossil fuel industry through investments, loans and underwriting. For further details, see the table linked below.

Bank responses to Russia's invasion of Ukraine
Banks and Steel

Banks and Steel

As part of the Net Zero Banking Alliance (NZBA), HSBC is required to set interim targets for 2030 for high emission priority sectors. For HSBC, this includes its lending to the steel sector. You can see HSBC’s iron and steel decarbonisation targets, and its progress towards meeting them in our NZBA steel targets compliance tracker:

NZBA Iron & Steel Targets

Partner organisation Reclaim Finance’s 2023 report on metallurgical coal financing showed that HSBC provided US$ 3.2 billion in loans and underwriting to developers of new metallurgical coal between 2016 and 2022. Find further details on HSBC’s metallurgical coal financing and and how it compares to other large banks globally in the report.

Reclaim Finance tracks the metallurgical coal policies of financial institutions, including banks, in their Coal Policy Tool. BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of HSBC’s metallurgical coal policy below.

According to a report by Reclaim Finance, between 2016 and June 2023, HSBC provided $4 billion in finance to the fossil-steel industry, making it the 37th largest financier worldwide. Find further details on HSBC's steel financing and how it compares to other large banks globally in the report. 

 

Metallurgical Coal Financing: Time to call it off 2023

Coal policy tool

Steeling our future: The banks propping up coal-based steel
Good Moves

Good moves

Year:

2023

New ING policy could spark bank shift away from financing oil and gas infrastructure

A year after Dutch bank ING announced it would no longer finance new upstream oil and gas projects, today it published a new policy to also exclude financing for ‘midstream’ projects, including pipelines and terminals, that would unlock new oil and gas fields.[1] Maaike Beenes, Campaign Lead Banks & Climate…

2022

HSBC announces it will no longer finance new oil and gas fields

Responding to today’s announcement that HSBC, the UK’s biggest high street bank and one of the world’s biggest financers of fossil fuels, will no longer finance new oil and gas fields, Jeanne Martin, Head of the Banking Programme at responsible investment NGO ShareAction, said: “HSBC’s announcement…

2021

East African Crude Oil Pipeline: more banks to stay away from troubled Total project

The East African Crude Oil Pipeline, French oil company Total’s proposed 1,445 kilometer pipeline through Uganda and Tanzania, is coming under further pressure as more banks make clear that they are not taking part in a $3 billion loan to enable the project to proceed.  The news comes as Uganda’s parliament…

2018

Banking giant HSBC divests from Israeli arms manufacturer following pressure from human rights campaigners

HSBC confirmed to campaigners that it has fully divested from Israeli drone manufacturer Elbit Systems, which sells weapons to the Israeli military used in attacks on Palestinians. Over 24,000 people emailed HSBC with concern over its investments in Elbit Systems and other companies selling weapons to Israel’s military,…

2017

HSBC triggers investigation into palm oil company Noble Plantations over deforestations allegations

HSBC has triggered an investigation into Noble Plantations following allegations the company was preparing to clear thousands of hectares of rainforest in Papua for oil palm cultivation. In a decision hailed as a first by a major bank, HSBC has asked the Roundtable on Sustainable Palm Oil (RSPO), a sustainability body…

2014

HSBC states it would be "extraordinarily unlikely to go anywhere near" Abbot Point

Following several letters and alerts, HSBC was challenged by BankTrack member Market Forces at its 2014 AGM on the financing of the proposed expansion of the Abbot Point coal export terminal in the Great Barrier Reef World Heritage Area. The response was that, given the concerns of the World Heritage Committee over Abbot…

Nine of the world's top 20 funders of coal won't touch additional coal terminals at Abbot Point

In 2014, JP Morgan, Cit, Barclays and Royal Bank of Scotland all responded to a worldwide pressure campaign of NGOs, including Banktrack, urgewald, Greenpeace and Market Forces, by announcing that they would not help finance the expansion of the Abbot Point coal terminal in Australia. While ANZ and others remain tied to…