HSBCUnited Kingdom
Created before Nov 2016
Last update: 2019-03-11 16:47:43
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About HSBC

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

Website http://www.hsbc.com
Headquarters
8 Canada Square
E14 5 HQ London
United Kingdom
CEO/chair Noel Quinn
Interim CEO
Supervisor
Bank of England
Annual reports Environmental, Social and Governance Update 2019
Annual report 2018
Ownership
listed on Bermuda Stock Exchange, Hong Kong Stock Exchange, London Stock Exchange & NYSE Euronext

HSBC Holdings' share holder structure can be accessed here.

Related Dodgy Deals

HSBC has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Projects - active profiles

Cerrejón coal mine Colombia profile

mining - coal
Debt – corporate loan
USD 3.133 billion
May 2013
Total involvement in companies behind Cerrejon, as of may 2013
source: WDM - The Cerrejon mine

Israeli illegal settlements Israel profile

Construction | transport and infrastructure
Equity – share owner/manager
USD 3.1 million
HSBC owns and manages shares in Bank Leumi, which is active in the Israeli settlements
source: www.11.be
link

Line 3 Pipeline Replacement Project (L3RP) United States profile

oil and gas | transport and infrastructure
Debt – corporate loan
HSBC does not provide direct financing for the Line 3 replacement but provides revolving credit for Enbridge.
source: Greenpeace
link

Long Phu I coal power plant Vietnam profile

energy plants - coal
Approached, interested
USD 650 million
HSBC, Cathay United Bank, JP MorganChase and Mitsubishi UFJ are lead arrangers and together lended USD 650 million. HSBC is the global coordinator.
source: Market Forces
link

Solwara 1 Deep Sea Mining Project Papua New Guinea profile

mining - non coal
Debt – corporate loan
USD 99.38 million
2013
Provided to MB Holding and its subsidiaries since 2013
source: Profundo report
link

Trans Mountain Pipeline Expansion project (TMEP) Canada profile

oil and gas | transport and infrastructure
Debt – corporate loan
 200 million
31 May 2017
Financed CAD 200 million as part of CAD 5.5 billion credit facility
source: Securities & Exchange Commission
link

Tufanbeyli coal power plant Turkey profile

energy plants - coal
Debt – project finance
EUR 20 million
27 July 2012
As part of a 142 million loan
source: link
Debt – project finance
EUR 80 million
27 July 2012
As part of a 608 million euros loan
source: link

Vinh Tan III coal power plant Vietnam profile

energy plants - coal
Advisor
source: IJ Global
link
There are no active projects for HSBC now.

Projects - on record profiles

Atlantic Coast Pipeline United States profile

oil and gas | transport and infrastructure
Debt – corporate loan
USD 142 million
January 2015
Participation in syndicated loan (revolving credit) of USD 7.5 billion to Duke Energy
source: Duke SEC 10.1
link

Bauxite mine Niyamgiri Hills India profile

mining - non coal
Share issue – underwriter
 37,956 

Belene nuclear power plant Bulgaria profile

energy plants - nuclear
Advisor
15 November 2010
HSBC was chosen as financial advisor to revive the Belene project after the costs appeared to be at least double the original estimates and RWE left the project as 49% strategic investor in 2009.
source: link

Block 31, Yasuni National Park Ecuador profile

oil and gas
Uncategorised

Canadian tar sands Canada profile

oil and gas
Uncategorised
USD 9,152.3 million
2009
Total Tar Sands Financing
source: link
Uncategorised
GBP 5 billion
2007 - 2009
financing of companies involved in tar sands
source: link
Debt – corporate loan
2007
Bond issue – underwriter
2007
Share issue – underwriter
2007

El Dorado International Airport Colombia profile

transport and infrastructure
Debt – project finance
USD 125 million
14 May 2015
source: link

Golden Youth or Gemilang Makmur Subur Plantation Indonesia profile

agriculture - palm oil
Uncategorised

Grasberg gold and copper mine Indonesia profile

mining - non coal
Bond issue – underwriter
USD 130 million
March 2007
Participation in issuing syndicate led by JP Morgan Chase and Merril Lynch.
Debt – corporate loan
USD 303 million
March 2007
Participation in a $ 10 billion syndicated loan arranged by JP Morgan Chase and Merril Lynch
Share issue – underwriter
USD 43 million
March 2007
Participation in issuing syndicate led by JP Morgan Chase and Merril Lynch
Debt – corporate loan
USD 45 million
March 2007
for acquisition of other mining group (Phelps Dodge)
Debt – corporate loan
GBP 27 million
2007
£27 million corporate loan and contributed £185 million to a £6.1 billion syndicated loan to the company by a number of banks
source: link
Debt – corporate loan
USD 26 million
July 2006

Great Barrier Reef Coal & Gas Exports Australia profile

oil and gas | transport and infrastructure
Debt – corporate loan
AUD 606 million
5 May 2013
source: link

Jaitapur nuclear power plant India profile

energy plants - nuclear
Approached, interested
Has been repeatedly mentioned by Indian authorities as one of the bank that will provide financing for Jaitapur reactors
source: link

Kusile coal power plant South Africa profile

energy plants - coal
Debt – corporate loan
EUR 705 million
December 2009
Part of € 705 million syndicated loan - ECA/Euler Hermes-covered loan used to fund part of the foreign content of the Kusile boiler contract with Hitachi Power Europe (HPE)
source: Eskom Press Release

Ladang Sawit Mas Plantation Indonesia profile

agriculture - palm oil
Uncategorised

Mountain top removal coal mining United States profile

mining - coal
Debt – corporate loan
EUR 53 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Offshore Detention Centres Australia profile

Immigration detention
Debt – corporate loan
EUR 56.82 million
26 February 2016
Participation in corporate loan to Ferrovial
source: Report Association with abuse

Patents on chimpanzees and other animals - international - profile

animal experiments | genetic engineering
Uncategorised
USD 144 million
May 2014
shares/bonds underwriter or manager - HSBC Securities, as part of a consortium, underwrote Pfizer bonds
source: Profundo 2015
Uncategorised
USD 160 million
February 2014
shares/bonds underwriter or manager - HSBC Bank USA underwrote Novartis bonds
source: Profundo 2015
Uncategorised
USD 240 million
May 2013
shares/bonds underwriter or manager - HSBC Securities, as part of a consortium, underwrote Pfizer bonds
source: Profundo 2015
Uncategorised
USD 591 million
2013
shares/bonds underwriter or manager - HSBC was part of a syndicate of 20 banks issuing a USD 7 billion loan to Pfizer
source: Profundo 2015
Uncategorised
USD 80 million
2012
shares/bonds underwriter or manager - HSBC Securities was part of a consortium of banks issuing Novartis bonds
source: Profundo 2015

Shwe gas and pipelines projects Myanmar profile

oil and gas
Uncategorised
GBP 162 million
source: link
Debt – corporate loan
primary banker for CNPC

Toka Tindung gold mine Indonesia profile

mining - non coal
Uncategorised
USD 0.2 million
1 April 2010
shares/bonds underwriter or manager - shareholding in Archipelago Resources
source: Bloomberg, April 2010

Woodlark Island Kula Gold Project Papua New Guinea profile

Mining - Gold
Equity – share owner/manager
2.15%

Companies - active profiles

Adani India profile

energy plants - coal | mining - coal | oil and gas
Equity – share owner/manager
7 October 2013
shares/bonds underwriter or manager - holds 1.44% of the shares
source: link

CEZ Group Czech Republic profile

energy plants - coal | energy plants - nuclear | mining - coal
Equity – share owner/manager
EUR 2 million
2016 - 2018
source: Fool's Gold: The financial institutions bankrolling Europe's most coal-dependent utilities
link
Debt – corporate loan
EUR 90 million
The amount financed consists of corporate or project finance and shares or bonds issuance
source: Fool's Gold: The financial institutions bankrolling Europe's most coal-dependent utilities
link

Drummond United States profile

mining - coal
Debt – corporate loan
USD 250 million
28 April 2017
Co-financed revolving credit facility of a total of USD 250 million
source: Thomson EIKON (2018, October), "Tearsheet - 3453159115", viewed in October 2018
Uncategorised
EUR 24.9 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 165.6 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Energa Group Poland profile

energy distribution | energy plants - coal | energy plants - renewables
Bond issue – underwriter
EUR 500 million
2013 - 2020
source: Consolidated quarterly financial statement Q3 2016
link

Golden Agri-Resources (GAR) Singapore profile

agriculture - palm oil
Equity – share owner/manager
December 2017
HSBC (Singapore) Nominees PTE Ltd 3.86 % of GAR's shares
source: GAR Annual Report 2017
link

Golden Veroleum Liberia (GVL) Liberia profile

agriculture - palm oil
Equity – share owner/manager
2017
HSBC (Singapore) Nominees PTE Ltd 3.86 % of GAR's shares
source: GAR Annual Report 2017
link

Klabin Brazil profile

forestry - pulp and paper
Bond issue – underwriter
USD 56 million
27 March 2019 - 27 March 2049
source: Cbonds.com
link

Polska Grupa Energetyczna (PGE) Poland profile

energy plants - coal | energy plants - nuclear | mining - coal
Uncategorised
Principal manager.
source: Poland, Euroweek - Issue: 767.

RWE Germany profile

energy plants - coal | energy plants - nuclear | mining - coal
Debt – corporate loan
USD 12 million
2014 - 2017
source: BankTrack Coal Developers Report 2017
link
Share issue – underwriter
USD 167 million
2014 - 2017
Combined share and bond issuance underwriting
source: BankTrack Coal Developers Report 2017
link
Bond issue – underwriter
EUR 124.9 million
source: RWE, Essen, 1 July 2004; RWE, Essen, 25 November 2008; Thomson ONE database; Website RWE Group (www.rwe.com); RWE, Essen, 24 April 2002.

TC Energy Canada profile

Debt – corporate loan
USD 500 million
14 December 2017 - 14 December 2018
Co financed USD 500 million credit facility to TransCanada American Investment
source: Rainforest Action Network via Bloomberg Professional Services
Debt – corporate loan
December 2017
Co financed USd 1.5 billion credit renewal
source: Data provided by Rainforest Action Network via Bloomberg Professional Services
Debt – corporate loan
December 2016
Co financed USD 5 billion revolving credit facility

Vale Brazil profile

mining - coal | mining - non coal
Debt – corporate loan
USD 2 billion
June 2017 - June 2022
Co-financed USD 2 billion credit facility
source: Vale press release
link
Bond issue – underwriter
USD 250 million
7 June 2016 - 10 June 2021
Via Vale Overseas Ltd.
source: Profundo research Jan 2019
Debt – corporate loan
USD 3 billion
May 2015 - May 2020
Co-financed USD 3 billion credit facility
source: Vale press release
link

Wilmar International Singapore profile

agriculture - palm oil
Debt – corporate loan
USD 33 million
2018
source: Forests and Finance Database
link
Debt – corporate loan
USD 48 million
2017
source: Forests and Finance Database
link
Uncategorised
EUR 3.45 million
February 2015
shares/bonds underwriter or manager - shares owned
source: FoE Europe report (November 2015)
link
Bond issue – underwriter
EUR 64 million
January 2012
One of four participating financial institutions
source: FoE Europe report (November 2015)
link
Debt – corporate loan
EUR 1,068 million
2010 - 2013
Total amount of 10 corporate loans given by HSBC over the period 2010-2013.
source: FoE Europe report (November 2015)
link
There are no active companies for HSBC now.

Companies - on record profiles

Anglo American United Kingdom profile

mining - coal | mining - non coal
Uncategorised
EUR 47 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 38.9 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Areva France profile

energy plants - nuclear | energy plants - renewables | mining - non coal | nuclear industry
Bond issue – underwriter
EUR 275 million
source: Thomson ONE database
Advisor
Principal Manager. Amount not known.
source: International Herald Tribune, 1 November 2007.
Equity – share owner/manager
EUR 0.6 million
source: Reuters3000 financial database
Debt – corporate loan
EUR 433.5 million
source: Thomson ONE database, Euroweek - Issue: 986, Euroweek - Issue: 990, Euroweek - Issue: 1029

Astra Agro Lestari Indonesia profile

agriculture - palm oil
Uncategorised
INR 46 million
31 September 2013
cash or equivalent on account
source: Annual Report 2013

BHP Billiton Australia profile

mining - coal | mining - non coal | oil and gas
Uncategorised
EUR 320 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
Principal Manager. Amount not known.
source: Annual Report 2008, BHP Billiton, September 2008.
Advisor
Principal Manager. Amount not known.
source: Press release, BHP Billiton, Melbourne, 12 November 2007; Reuters, London, 22 November 2007.
Bond issue – underwriter
EUR 17.7 million
source: Prospectus Supplement BHP Billiton, Melbourne, 5 December 2005; Press release BHP Billiton, Melbourne, 6 December 2005; Presentation BHP Billiton, Melbourne, 25 April 2006; Euroweek - Issue: 951; Press release, BHP Billiton, Melbourne, 3 May 2006.
Debt – corporate loan
EUR 55.2 million
source: International Financing Review, 26 October 2002;Euroweek - Issue: 780; Prospectus WMC Resources, 26 June 2003; International Financing Review, London, 23 April 2005; Loans - BHP Billiton, Euroweek, London, 29 April 2005; Annual Report 2005, BHP Billiton, Melbourne, September 2005; International Financing Review, London, 9 September 2004; International Financing Review, London, 26 March 2005.

Bumitama Indonesia profile

agriculture - palm oil
Debt – corporate loan
EUR 17.19 million
May 2013
Loan secured through subsidiary Bumitama Gunajaya Agro Group
source: Thomson ONE Banker, Tearsheet 2980397115, consulted on 8 May 2013
Debt – corporate loan
EUR 25.4 million
November 2012
source: Thomson ONE Banker, Tearsheet 2910214115, consulted on 12 November 2012
Uncategorised
EUR 66.72 million
April 2012
shares/bonds underwriter or manager
source: Thomson ONE Banker, Tearsheet 2320296009, consulted 3/April/2012
Debt – corporate loan
EUR 21.62 million
October 2010
The loan was fully repaid at the end of December 2012
source: FoE - The financing of Bumitama Agri (2015)

Coal India India profile

mining - coal
Uncategorised
shares/bonds underwriter or manager - Submitted a bid to manage $3.2 billion Coal India stake sale
source: Reuters (Nov. 16, 2015)

EDF France profile

energy plants - nuclear
Share issue – underwriter
EUR 240.7 million
source: Thomson ONE database; Euroweek - Issue: 927.
Debt – corporate loan
EUR 1,879.1 million
source: Thomson ONE database; Statement from Pierre Gadonneix, Chairman and CEO of EdF, Electricité de France, Paris, 24 September 2008.
Bond issue – underwriter
EUR 2,076.08 million
source: Thomson ONE database; Euros, Euroweek - Issue: 659; Euroweek - Issue: 673; Euroweek - Issue: 826; Press release Electricité de France, Paris, 28 May 2008; Euroweek - Issue: 1083.

ENGIE France profile

energy plants - coal | energy plants - dams
Uncategorised
USD 2,207 million
2006
shares/bonds underwriter or manager, since 2006
source: Thomson One
Debt – corporate loan
EUR 67.5 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014
Uncategorised
EUR 8.7 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014

EPH Czech Republic profile

energy plants - coal | energy plants - hydro | energy plants - nuclear | mining - coal
Debt – corporate loan
EUR 1.5 billion
2013
Participant
source: Sandbag
Debt – corporate loan
EUR 1 billion
2012
Participant
source: Sandbag

Eskom South Africa profile

energy plants - coal | energy plants - nuclear
Debt – corporate loan
USD 61 million
2014 - 2017
source: BankTrack Coal Developers Report 2017
link
Debt – corporate loan
EUR 120.7 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

First Resources Singapore profile

agriculture - palm oil
Uncategorised
14 March 2014
shares/bonds underwriter or manager - holds 24.11% of the shares - HSBC Singapore Nominees
source: Annual Report 2013

Glencore Switzerland profile

mining - coal
Uncategorised
EUR 146.5 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 417.2 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

IOI Corporation Malaysia profile

agriculture - palm oil
Equity – share owner/manager
USD 0.6 million
30 September 2015
Holds US$ 0,60 mln. worth of shares.
source: Thomson ONE Banker
Uncategorised
August 2014
shares/bonds underwriter or manager - holds 2.01% of the shares - as nominee for Vanguard Emerging Markets and Vertical Capital
source: Annual Report 2014
Debt – corporate loan
EUR 74 million
October 2013
source: FoE Commodity Crimes report
Bond issue – underwriter
USD 150 million
20 June 2012
Joint bookrunner for US $ 600 mln. bond issuance. Part of four participating banks, providing $ 150 mln.
source: Thomson ONE Banker
Debt – corporate loan
USD 100 million
28 September 2010
Provided US $ 100 mln. as part of a US $ 600 mln. corporate loan by three participating banks.
source: Thomson ONE Banker

Kencana Group Singapore profile

agriculture - palm oil
Approached, interested
2013
owns 0.49% of the companies shares
source: Annual Report 2013

Korea Electric Power Corporation (KEPCO) South Korea profile

energy plants - coal | energy plants - nuclear | mining - coal | nuclear industry
Share issue – underwriter
USD 171 million
2014 - 2017
Share and bond issuance combined
source: Coal Developers Report 2017
link
Uncategorised
EUR 45.2 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014

Kuala Lumpur Kepong Malaysia profile

agriculture - palm oil
Uncategorised
November 2013
shares/bonds underwriter or manager - holds 3.08% of the shares as nominee
source: Annual Report 2013
Approached, interested
Called a "principal banker" in KLK annual report

Marubeni Japan profile

energy plants - coal | forestry - pulp and paper | mining - non coal | transport and infrastructure
Debt – corporate loan
USD 101 million
2014 - 2017
source: BankTrack Coal Developers Report
link

National Thermal Power Corporation (NTPC) India profile

energy plants - coal | energy plants - hydro | energy plants - renewables | manufacturing | mining - coal
Share issue – underwriter
USD 50.01 million
2016
source: NTPC Shareholders Spreadsheet, Profundo
Share issue – underwriter
USD 535 million
2014 - 2017
Share and bond issuance underwriting
source: BankTrack Coal Developers Report 2017
link
Debt – corporate loan
EUR 7.6 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

OLAM Singapore profile

agriculture - food crops | agriculture - palm oil | forestry - pulp and paper
Uncategorised
22 September 2014
shares/bonds underwriter or manager - holds 5.10% fo the shares - on behalf of HSBC Nominees
source: Annual Report 2014

Rio Tinto Australia profile

mining - coal | mining - non coal | nuclear industry
Debt – corporate loan
EUR 34.2 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014
Uncategorised
EUR 36.5 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Bond issue – underwriter
EUR 1.6 million
source: Rio Tinto Finance USA, Melbourne, 12 June 2003; Euroweek - Issue 807; Euroweek - Issue: 982.

Royal Dutch Shell Netherlands profile

oil and gas
Debt – corporate loan
USD 100 million
2010 - 2013
Bank loans. Can NOT be used for Shell's Arctic drilling programme.
source: Profundo
Uncategorised
USD 3.593 billion
2009 - 2013
shares/bonds underwriter or manager - bonds underwritten
source: Profundo

Samling Hong Kong profile

forestry - pulp and paper
Share issue – underwriter
March 2007
Uncategorised
Samling names ANZ among its principal bankers

Shenhua Group China profile

energy plants - coal | mining - coal
Uncategorised
EUR 43 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014

Sime Darby Malaysia profile

agriculture - palm oil
Uncategorised
EUR 125.17 million
January 2013
shares/bonds underwriter or manager - Syndicated bond issue with 5 other banks
source: Profundo report 2013

SUEK Russian Federation profile

mining - coal
Debt – corporate loan
EUR 100.2 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Textron United States profile

arms industry and trade
Uncategorised
Info on HSBC's role in Textron can be found here:
source: link

Vattenfall Sweden profile

energy plants - coal | energy plants - nuclear | energy plants - renewables | mining - coal | mining - non coal | nuclear industry
Debt – corporate loan
EUR 54.1 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Vedanta Resources United Kingdom profile

mining - non coal
Share issue – underwriter
December 2003

Vitol Switzerland profile

commodities trading | oil and gas | transport and infrastructure
Debt – corporate loan
USD 346 million
2012 - 2016
Total corporate loan between 2012 and October 2016
source: Thomson Reuters Eikon, accessed by Profundo, October 2016
Debt – corporate loan
USD 1,197 million
2012 - 2016
Total revolving credit between 2012 and October 2016
source: Thomson Reuters Eikon, accessed by Profundo, October 2016

Dodgy Deals map

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blog
external news
our news

Banks warned over Saudi Aramco by environmental groups

2019-10-17 | The Guardian
blog
external news
our news

Environmental groups warn banks against climate and human rights implications of underwriting Saudi Aramco offering

2019-10-17 | Nijmegen, the Netherlands | Rainforest Action Network, BankTrack, Earthworks, Friends of the Earth U.S., Global Witness, Indigenous Environmental Network, Oil Change International, ShareAction, Sierra Club and 350.org
blog
external news
our news

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
blog
external news
our news

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
blog
external news
our news

BankTrack 2019 Human Rights Benchmark: criteria and scope announced

2019-06-25 | Nijmegen | BankTrack
blog
external news
our news

Overly underwhelming - a reflection on Fossil Banks’ AGM season

2019-06-19 | Lise Masson – BankTrack
blog
external news
our news

HSBC bosses spin yet more climate rhetoric on coal finance for developing countries

2019-04-15 | Market Forces
blog
external news
our news

HSBC’s AGM - No War, No Warming!

2019-04-15 | Lise Masson – BankTrack
blog
external news
our news

Banks' fossil fuel funding rises, environmental groups warn

2019-03-21 | S&P Global
blog
external news
our news

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
blog
external news
our news

Global Banks, Led by JPMorgan Chase, Invested $1.9 Trillion in Fossil Fuels Since Paris Climate Pact

2019-03-20 | Desmogblog.com
blog
external news
our news

HSBC faces call to end all new coal power financing

2019-03-06 | Financial Times
blog
external news
our news

Investors urge HSBC to stop bankrolling coal-burning projects

2019-03-06 | The Guardian
blog
external news
our news

Investors hold HSBC’s feet to the fire on coal

2019-03-06 | ShareAction
blog
external news
our news

Every two weeks a bank, insurer or lender announces new coal restrictions

Major financial institutions restricting coal funding tops 100
2019-02-27 | IEEFA
blog
external news
our news

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

2018-12-27 | London | Palestine Solidarity Campaign, War on Want
blog
external news
our news

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 | Claire Hamlett – BankTrack
blog
external news
our news

Behind banks' smokescreen

What banks aren't telling you about their 'climate ambition'
2018-12-13 | Lise Masson – BankTrack
blog
external news
our news

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
blog
external news
our news

HSBC accused of hypocrisy for coal finance ban that excludes countries most vulnerable to climate change

2018-10-16 | Desmog UK
blog
external news
our news

Major banks are failing Vietnam by violating Equator Principles commitments in financing coal power projects

2018-10-11 | Market Forces
blog
external news
our news

One step beyond coal - New policy move from Standard Chartered welcomed

2018-09-25 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

The power of finance to slow new coal plants

2018-08-29 | Asia Times
blog
external news
our news

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 | Claire Hamlett – BankTrack, Ryan Brightwell – BankTrack
blog
external news
our news

Liberian communities harassed after calling on banks to halt $1.5 billion loan to Wilmar over landgrabbing concerns

2018-07-26 | Inclusive Development International
blog
external news
our news

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
blog
external news
our news

Coal turns up heat on Standard Chartered

2018-07-23 | The Times
blog
external news
our news

HSBC, Standard Chartered making a killing on coal in SE Asia

2018-07-04 | Asia Times
blog
external news
our news

HSBC Divests From New Coal Projects Everywhere... Except Bangladesh, Indonesia, and Vietnam

2018-05-25 | CommonDreams
blog
external news
our news

Powering past coal? Top UK banks are passing the buck

2018-05-24 | BankTrack
blog
external news
our news

Europe’s Biggest Bank Takes a Step Back from Coal, Tar Sands and Arctic Oil

2018-04-20 | RAN
blog
external news
our news

HSBC moves on tar sands, but fails the coal test

2018-04-20 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

Smoke and mirrors - world's top banks on notice to slash support for coal power development

2018-04-05 | Greig Aitken – BankTrack
blog
external news
our news

'Extreme' fossil fuel investments have surged under Donald Trump, report reveals

2018-03-28 | The Guardian
blog
external news
our news

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
blog
external news
our news

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 | TuK Indonesia
blog
external news
our news

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
blog
external news
our news

The U.S. May Back a Vietnam Coal Plant. Russia Is Already Helping

2018-01-26 | New York Times
blog
external news
our news

HSBC accused of breaking EU sanctions rules by co-financing Vietnam coal plant

2017-11-22 | Eco-Business
blog
external news
our news

New report: Towards responsible and inclusive financing of the palm oil sector

2017-11-15 | Center for International Forestry Research (CIFOR), Profundo
blog
external news
our news

HSBC coal investments undermine its climate funding says Christian Aid

2017-11-06 | Christian Aid
blog
external news
our news

Big banks complicit in massive tar sands destruction and pollution through hundreds of billions in financing

2017-11-02 | Rainforest Action Network
blog
external news
our news

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
blog
external news
our news

“Responsible” investors under scrutiny for investing in climate-destroying banks

2017-09-26 | Rainforest Action Network
blog
external news
our news

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
blog
external news
our news

Financiers of pulp and paper industry projects will cause environmental and social harm, says new report

2017-08-01 | Mandy Haggith – Environmental Paper Network
blog
external news
our news

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
blog
external news
our news

New report: HSBC a ‘crucial link in the chain’ of Palestinian oppression says War on Want

2017-07-12 | War on Want
blog
external news
our news

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
external news
our news

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
blog
external news
our news

HSBC to close accounts of 28 unsustainable palm oil producers

2017-05-02 | Environmental Finance
blog
external news
our news

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
blog
external news
our news

Energy Transfer: Which banks continue to support the company behind DAPL?

2017-04-06 | Alison Kirsch - Rainforest Action Network
blog
external news
our news

Europe’s biggest banks register €25 billion profit in tax havens

2017-03-27 | Fair Finance Guide International, Oxfam
blog
external news
our news

Who's bankrolling TransCanada?

Banking on TransCanada means banking on Keystone XL
2017-03-24 | Alison Kirsch - Rainforest Action Network
blog
external news
our news

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
external news
our news

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
blog
external news
our news

Revealed: HSBC is funding forest destruction

2017-01-17 | Greenpeace
blog
external news
our news

Dirty Bankers: How HSBC is financing forest destruction for palm oil

2017-01-17 | Greenpeace
blog
external news
our news

HSBC funding destruction of vast areas of Indonesian rainforest, new report claims

2017-01-17 | London | Independent
blog
external news
our news

Has HSBC Accidentally Backed a £600 Million ‘Green’ Scheme to Boost Poland’s Coal?

2016-12-20 | DeSmogBlog
blog
external news
our news

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
blog
external news
our news

HSBC dusts down its mining policy, but leaves room for more coal financing

2016-12-07 | Yann Louvel – BankTrack
blog
external news
our news

Dakota Access: UK banks back pipeline builder Energy Transfer Partners

2016-12-01 | EnergyDesk
blog
external news
our news

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
external news
our news

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
external news
our news

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
blog
external news
our news

New BankTrack Human Rights Impact Briefing: Drummond and paramilitary violence in Colombia

2016-05-25 | Nijmegen | BankTrack
blog
external news
our news

Stuart Gulliver ‘has blood on his hands’ as HSBC AGM shines light on human rights abuses

2016-04-22 | London | Move Your Money UK
blog
external news
our news

Stuart Gulliver ‘has blood on his hands’ as HSBC AGM shines light on human rights abuses

2016-04-22 | London | Move Your Money UK
blog
external news
our news

On Coal and Capital: Demand that HSBC Quit Coal

2016-03-15 | Move Your Money UK
blog
external news
our news

UN-backed green fund to wean major banks off fossil addiction

2016-03-11 | ClimateHome
blog
external news
our news

Green Climate Fund must say no to partnerships with HSBC, Crédit Agricole

2016-03-07 | Songdo, South Korea | BankTrack, FoE US, FoE France
blog
external news
our news

Green Climate Fund urged to ditch links to HSBC, Credit Agricole

2016-03-03 | ClimateHome
blog
external news
our news

New BankTrack Human Rights Impact Briefing: Labour standards violations in IOI Corporation’s Malaysian plantations

2016-02-16 | Nijmegen | BankTrack
blog
external news
our news

New BankTrack Human Rights Impact Briefing: Labour standards violations in IOI Corporation’s Malaysian plantations

2016-02-16 | Nijmegen | BankTrack
blog
external news
our news

The Green Climate Fund’s not-so-green partners

2015-12-15 | Euractiv
blog
external news
our news

Eight banks submit bids to manage $3.2 billion Coal India stake sale

2015-11-16 | Reuters
blog
external news
our news

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
blog
external news
our news

Green Climate Fund under pressure to shun HSBC and Credit Agricole

2015-10-30 | Environmental Finance ($)
blog
external news
our news

Fair Finance Guide launches in Indonesia

Indonesian banks lag behind in incorporating social and environmental issues
2015-03-11 | Jakarta | Koalisi Responsibank Indonesia
blog
external news
our news

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
blog
external news
our news

HSBC scandal caused horrible damage to reputation, says chairman

2015-02-26 | The Guardian
blog
external news
our news

UN, banks and oil palm giants feast on the stolen land of Uganda's dispossessed

2015-02-19 | The Ecologist
blog
external news
our news

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
blog
external news
our news

Fossil fuel divestment campaign grows as protesters target UK banks

2015-02-13 | The Guardian
blog
external news
our news

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
external news
our news

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
external news
our news

'Record year' for bank coal financing as latest UN climate warning looms

2014-10-29 | Nijmegen | BankTrack
blog
external news
our news

UN ‘concerned’ over barrier reef but defers in-danger notice

2014-06-18 | Financial Times
blog
external news
our news

HSBC AGM: Protestors to tell HSBC to pull out of coal

2014-05-23 | London | World Development Movement
blog
external news
our news

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
external news
our news

European and US financial institutions continue to finance illegal palm oil

2014-03-28 | Amsterdam/Brussels/Berlin | Friends of the Earth Europe
blog
external news
our news

Santas deliver coal to ‘naughty bank’ HSBC

2013-12-17 | London | World Development Movement
blog
external news
our news

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
external news
our news

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
blog
external news
our news

British banks among world's biggest lenders to coal industry, report finds

2013-11-18 | The Guardian
blog
external news
our news

Campaigners tell HSBC: Pull out of coal

2013-10-22 | London | World Development Movement
blog
external news
our news

HSBC's climate criminality

2013-10-10 | London | WDM website
blog
external news
our news

HSBC shuts down City branch in face of climate protest

2013-10-10 | London | World Development Movement
blog
external news
our news

Who's Funding Climate Change...

2013-10-04 | The Huffington Post
blog
external news
our news

UK banks financing coal boom destroying Borneo rainforests

2013-10-01 | London | World Development Movement
blog
external news
our news

European banks and pension funds fuel land-grabs in Uganda

2013-05-21 | Brussels | Friends of the Earth Europe
blog
external news
our news

European banks fuel land-grabs in Uganda

2013-05-21 | Friends of the Earth Europe
blog
external news
our news

Bill Oddie evicted from HSBC Headquarters

while protesting against bank’s role in Malaysian rainforest destruction
2013-05-14 | London | Global Witness
blog
external news
our news

Extreme Investments: 2013 Coal Finance Report Card

2013-04-29 | RAN
blog
external news
our news

Outrage at vast HSBC profits and bonuses despite role in drug money laundering

2013-03-04 | London | Global Witness
blog
external news
our news

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
blog
external news
our news

Log tale - A new investigation accuses HSBC of ignoring its own sustainability policies

2012-11-03 | Economist
blog
external news
our news

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
blog
external news
our news

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
blog
external news
our news

“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
external news
our news

“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
external news
our news

Don’t bank on the bomb

2012-03-05 | Washington | ICAN
blog
external news
our news

New report: European banks fuelling food price volatility and hunger

2012-01-12 | Brussels | Friends of the Earth Europe
blog
external news
our news

Bankrolling Climate Change

NGOs present groundbreaking research on banks’ involvement in coal financing
2011-11-30 | Durban | urgewald, Earthlife, BankTrack and groundWork
blog
external news
our news

French banks : a citizen rating reveals what is going on underneath their activities

2011-11-02 | Paris and Nice | Les Amis de la Terre and Attac France
blog
external news
our news

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
blog
external news
our news

Time to Improve the Equator Principles, BankTrack Says

2011-10-24 | Washington | Social Funds
blog
external news
our news

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
external news
our news

Financiers search for sustainable future

2011-10-20 | Washington | Environmental Finance
blog
external news
our news

BEH and NEK announcement of key actions on Belene

2011-10-17 | BEH website
blog
external news
our news

China digs in conflict-ridden Burma for oil and gas

2011-09-06 | Bangkok | Finance GreenWatch
blog
external news
our news

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
blog
external news
our news

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

2011-06-14 | The Ecologist
blog
external news
our news

Protest mounts against earthquake prone nuke plant

2011-05-20 | India | Karuna Raina, Greenpeace
blog
external news
our news

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

2011-04-19 | Social funds
blog
external news
our news

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

2011-04-12 | Bulgaria | www.investbulgaria.com
blog
external news
our news

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

2011-04-01 | Nijmegen, Netherlands | BankTrack
blog
external news
our news

Don’t make it easier for dictators to steal

2011-02-24 | London | Global Witness
blog
external news
our news

HSBC takes a step away from tar sands

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

US embassy cables: More troubles at Bulgarian nuclear power plant

2010-12-20 | The Guardian
blog
external news
our news

Bulgaria Picks HSBC for Belene Nuclear Plant Consultant

2010-11-16 | Bulgaria | Novinite
blog
external news
our news

British banks complicit in Nigerian corruption, court documents reveal

2010-10-11 | London | Global Witness
blog
external news
our news

Banks grow wary of environmental risks

2010-08-31 | NY Times
blog
external news
our news

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
blog
external news
our news

Bank financing of nuclear power exposed on NGO site

2010-05-27 | international | Environmental Finance
blog
external news
our news

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
external news
our news

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
external news
our news

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
external news
our news

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
external news
our news

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
external news
our news

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
blog
external news
our news

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
external news
our news

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
blog
external news
our news

BankTrack members unveil bank secrets

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

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

2009-03-30 | Bonn, Nijmegen | BankTrack
blog
external news
our news

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

2009-03-11 | London | Global Witness
blog
external news
our news

Cashing in on Coal - New Report

2008-08-26 | London, Edinburgh | Platform
blog
external news
our news

Banks shun harmful investments

New report shows examples of pioneering banks
2008-06-11 | Brussels | Netwerk Vlaanderen
blog
external news
our news

Credit Suisse involved in Malaysian logging giants stock exchange listing

2007-02-15 | Basel, Zuerich | Berne Declaration
blog
external news
our news

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

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

Documents

| | | | | | | | | | | |
Type:
Year:
ngo documents

Fool's Gold

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

Modern Slavery Statement 2018

2019-04-12 00:00:00 | HSBC
our publications

Annual General Meeting Shareholder Briefing HSBC

2019-04-10 00:00:00 | BankTrack
annual reports

Environmental, Social and Governance Update 2019

2019-04-01 00:00:00 | HSBC
annual reports

Annual report 2018

2019-03-11 00:00:00 | HSBC
correspondence

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

2019-02-21 00:00:00 | Civil Society Groups
our publications

Coal plant developers: 2018 research analysis

2018-12-05 00:00:00 | BankTrack
ngo documents

No exceptions

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

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

2018-10-16 00:00:00 | BankTrack and 120 organisations
csr policies

Sustainability risk policies

2018-07-31 00:00:00 | HSBC
csr policies

Energy Policy

Updated 2 July 2018
2018-07-02 00:00:00 | HSBC
csr policies

Anti-money laundering questionnaire

2018-05-31 00:00:00 | HSBC
csr policies

Energy policy

2018-04-20 00:00:00 | HSBC
annual reports

Annual report 2017

2018-04-20 00:00:00 | HSBC Holdings
csr policies

Environmental, social and governance update - April 2018

2018-04-03 00:00:00 | HSBC
ngo documents

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

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

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

2018-01-15 00:00:00 | HSBC
ngo documents

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

2017-12-07 00:00:00 | Christian Aid
ngo documents

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

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

The human cost of conflict palm oil - revisited

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

Environmental, Social and Governance (ESG) Supplement

2017-11-06 00:00:00 | HSBC
ngo documents

Banks: High Carbon, Hidden Risks

2017-09-25 00:00:00 | Rainforest Action Network
ngo documents

Problematic pipelines: Investor risk from bank financing of tar sands pipelines

2017-09-20 00:00:00 | Greenpeace
ngo documents

In the Red

An Assessment of Bank Policies for Financing Pulp and Paper
2017-08-01 00:00:00 | Environmental Paper Network
ngo documents

Deadly Investments

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

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

2017-06-13 00:00:00 | RAN, TuK Indonesia & Profundo
csr policies

Environmental Policy

2017-04-26 00:00:00 | HSBC
ngo documents

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

2017-03-27 00:00:00 | RAN, TuK & Profundo
ngo documents

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

2017-02-28 00:00:00 | RAN, TuK & Profundo
csr policies

Agricultural Commodities Policy

2017-02-23 00:00:00 | HSBC
annual reports

Annual Report and Accounts 2016

2017-02-21 00:00:00 | HSBC Holdings
csr policies

Statement on revised agricultural commodities policy - palm oil

2017-02-20 00:00:00 | HSBC
ngo documents

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

2017-01-31 00:00:00 | RAN, TuK & Profundo
ngo documents

Dirty Bankers

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

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

2016-12-09 00:00:00 | ERM Vietnam Company
csr policies

Mining and Metals Policy

2016-11-09 00:00:00 | HSBC
csr policies

Statement on Climate Change

2016-11-09 00:00:00 | HSBC
ngo documents

Protecting the Leuser Ecosystem

A Shared Responsibility
2016-11-07 00:00:00 | Rainforest Action Network
bank documents

HSBC response to Banktrack report

RE "Banking with Principles?" 2016
2016-07-25 00:00:00
csr policies

Statement of anti-bribery principles

2016-07-18 00:00:00 | HSBC
csr policies

Ethical and Environmental Code of Conduct for Suppliers of Goods and Services

2016-07-18 00:00:00 | HSBC
csr policies

Anti-Money Laundering Policy Statement

2016-07-18 00:00:00 | HSBC
csr policies

Sanctions Policy Statement

2016-07-18 00:00:00 | HSBC
our publications

Banking with Principles? Second Edition June 2016

Benchmarking Banks against the UN Guiding Principles on Business and Human Rights
2016-06-30 00:00:00 | BankTrack
our publications

Shorting the Climate

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

Green Paper, Red Lines

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

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

2016-05-25 00:00:00 | BankTrack
bank documents

Sustainable Operations

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

Letter from HSBC to BankTrack on Drummond Human Rights Impact Briefing

2016-04-13 00:00:00 | HSBC
annual reports

Strategic Report 2015

2016-03-09 00:00:00 | HSBC Holdings
annual reports

Annual Report and Accounts 2015

2016-03-07 00:00:00 | HSBC Holdings
our publications

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

2016-02-16 00:00:00 | BankTrack
csr policies

Statement on Human Rights

2015-09-30 00:00:00 | HSBC
ngo documents

EU Investors, Land Grabs and Deforestation: Case-Studies

Briefing note
2015-06-15 00:00:00 | Fern
annual reports

Strategic Report 2014

2015-04-24 00:00:00 | HSBC
annual reports

Annual Report 2014

2015-02-23 00:00:00 | HSBC
ngo documents

Kuasa Taipan Kelapa sawit di Indonesia

in Bahasa Indonesia
2015-02-16 00:00:00 | TuK, Profundo
ngo documents

Tycoon-controlled oil palm groups in Indonesia - Executive Summary

2015-02-16 00:00:00 | TuK, Profundo
correspondence

Letter from EPN to Banks investing in April on APRIL

2014-12-10 00:00:00 | EPN
our publications

Banking with Principles?

Benchmarking Banks against the UN Guiding Principles on Business and Human Rights
2014-12-02 00:00:00 | BankTrack
ngo documents

Dirty Profits III

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

Coal Finance Report Card 2014

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

Letter from BankTrack to signatory banks on Green Bond Principles

2014-04-09 00:00:00 | BankTrack
csr policies

Forestry Policy

Reviewed policy. Originally published as Forest Land and Forest Products Policy in May 2004. A revision was published in 2008.
2014-03-10 00:00:00 | HSBC
csr policies

World Heritage Sites and Ramsar Wetlands Policy

2014-03-10 00:00:00 | HSBC
csr policies

Statement on forestry and palm oil

2014-03-01 00:00:00 | HSBC
annual reports

Sustainability Report 2013

2014-01-01 00:00:00
annual reports

Annual Report 2013

2014-01-01 00:00:00
ngo documents

Banking on Extinction

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

Banking while Borneo burns

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

HSBC in Malaysia

Bill Oddie’s BankWatch
2013-05-24 00:00:00 | Global Witness
annual reports

Sustainability Report 2012

2013-05-22 00:00:00 | HSBC Holdings plc
ngo documents

The Cerrejón mine - Coal exploitation in Colombia

2013-05-01 00:00:00 | World Development Movement
our publications

Coal Finance Report Card 2013

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

Annual report and accounts 2012

connecting customers to opportunities
2013-04-02 00:00:00 | HSBC Holdings plc
csr policies

Chemicals Industry Policy

Reviewed policy. The first version is from august 2005.
2012-12-01 00:00:00 | HSBC
ngo documents

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
2012-11-02 00:00:00 | Global Witness
ngo documents

Worldwide investments in Cluster munitions, a shared responsibility

2012-06-20 00:00:00 | IKV Pax Christi & FairFin
bank documents

HSBC's Project Belene (financial modelling presentation).

Presentation of the Operational Model
2012-04-24 00:00:00 | HSBC
our publications

Bankrolling climate change

A look into the portfolios of the world`s largest banks
2011-11-30 00:00:00 | urgewald/BankTrack/groundwork
ngo documents

Synthèse - Les banques sous pression citoyenne : l’heure de rendre des comptes

2011-11-02 00:00:00 | Les Amis de la Terre/Attac
correspondence

Notificação extrajudicial: teor da presente notificação- HSBC

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

Segunda notificação extrajudicial- Complexo Hidreletrico de Belo Monte- HSBC

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

2011 Global Investor Statement on Climate Change

2011-10-19 00:00:00 | IIGCC, INCR, IGCC, UNEP-FI, PRI
other documents

HSBC Cluster Munitions Investments

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

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

2010-12-18 00:00:00 | Banktrack
ngo documents

International thief thief

2010-10-11 00:00:00 | Global Witness
other documents

Where did our money go?

2010-10-04 00:00:00 | New Economics Foundation
bank documents

The UN Principles for Responsible Investment (UNPRI)

2010-05-01 00:00:00 | HSBC Global Asset Management
our publications

Close the Gap

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

HSBC cluster munitions investments

2010-04-01 00:00:00 | Netwerk Vlaanderen, IKV PAX Christi
ngo documents

Summary Table 'Hall of Fame and runners-up'

2010-04-01 00:00:00 | Netwerk Vlaanderen, IKV PAX Christi
csr policies

Defence equipment sector policy

2010-02-01 00:00:00 | HSBC
other documents

HSBC cluster munitions financing

2009-10-01 00:00:00 | Netwerk Vlaanderen et. al.
ngo documents

Worldwide investments in CLUSTER MUNITIONS, a shared responsibility

2009-10-01 00:00:00 | Netwerk Vlaanderen, et. al.
bank documents

Communication on Progress to the UN Global Compact 2008

2009-08-26 00:00:00 | HSBC
our publications

Meek Principles for a Tough Climate

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

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

2008-11-20 00:00:00 | Forest Peoples Programme with Profundo
ngo documents

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

2008-11-10 00:00:00 | Forest Peoples Programme
ngo documents

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

2008-08-01 00:00:00 | Platform
other documents

Viewpoint of European Commission on Belene

2008-06-11 00:00:00 | European Commission
bank documents

Carbon neutrality plan

2008-02-16 00:00:00 | HSBC
ngo documents

Profiles of European Banks

2008-01-11 00:00:00 | Ceres
ngo documents

French banks, Fossil banks?

2007-03-06 00:00:00 | Les Amis de la Terre
correspondence

Letter to EP banks on NGO concern about consultation process

2006-03-22 00:00:00 | BankTrack
csr policies

Freshwater infrastructure sector guideline

2005-05-01 00:00:00 | HSBC

Media







Links

Bill Oddie's BankWatch

This film takes a light-hearted look at a very serious issue. The UK’s biggest bank has so far made around £100 million by providing loans and services to some of the most destructive logging companies in the world, often in violation of its own policies.
http://www.globalwitness.org/hsbc-sarawak/

HSBC sustainability risk page

http://www.hsbc.com/citizenship/sustainability/sustainability-risk

Dirty Money - an interactive documentary

An interactive documentary exploring how UK banks are financing coal mining in Indonesia. You can navigate your own way through a range of material. The documentary includes interview clips: including indigenous people whose homelands have been destroyed by coal mining, people in the mountains of Java running their own renewable energy projects, finance experts and campaigners.
http://www.wdm.org.uk/webdoc

Fair Finance Watch's ongoing report on HSBC

http://www.innercitypress.org/hsbc.html

Christian Aid petition: HSBC: powered up for climate justice

https://www.christianaid.org.uk/campaigns-climate-change/big-shift/hsbc-powered-climate-justice?utm_source=christianaid&utm_medium=email&utm_content=btn-body-hsbc&utm_campaign=20180903-CA-CAM-HSBC-action

HSBC's sustainability pages

https://www.hsbc.com/our-approach/building-a-sustainable-future

Policies

Voluntary initiatives

HSBC has committed itself to the following voluntary standards:

Investment policies

HSBC's sustainability risk policies can be found here.

Year:
csr policies

Modern Slavery Statement 2018

2019-04-12 00:00:00 | HSBC
csr policies

Sustainability risk policies

2018-07-31 00:00:00 | HSBC
csr policies

Energy Policy

Updated 2 July 2018
2018-07-02 00:00:00 | HSBC
csr policies

Anti-money laundering questionnaire

2018-05-31 00:00:00 | HSBC
csr policies

Energy policy

2018-04-20 00:00:00 | HSBC
csr policies

Environmental, social and governance update - April 2018

2018-04-03 00:00:00 | HSBC
csr policies

Environmental Policy

2017-04-26 00:00:00 | HSBC
csr policies

Agricultural Commodities Policy

2017-02-23 00:00:00 | HSBC
csr policies

Statement on revised agricultural commodities policy - palm oil

2017-02-20 00:00:00 | HSBC
csr policies

Mining and Metals Policy

2016-11-09 00:00:00 | HSBC
csr policies

Statement on Climate Change

2016-11-09 00:00:00 | HSBC
csr policies

Statement of anti-bribery principles

2016-07-18 00:00:00 | HSBC
csr policies

Ethical and Environmental Code of Conduct for Suppliers of Goods and Services

2016-07-18 00:00:00 | HSBC
csr policies

Anti-Money Laundering Policy Statement

2016-07-18 00:00:00 | HSBC
csr policies

Sanctions Policy Statement

2016-07-18 00:00:00 | HSBC
csr policies

Statement on Human Rights

2015-09-30 00:00:00 | HSBC
csr policies

Forestry Policy

Reviewed policy. Originally published as Forest Land and Forest Products Policy in May 2004. A revision was published in 2008.
2014-03-10 00:00:00 | HSBC
csr policies

World Heritage Sites and Ramsar Wetlands Policy

2014-03-10 00:00:00 | HSBC
csr policies

Statement on forestry and palm oil

2014-03-01 00:00:00 | HSBC
csr policies

Chemicals Industry Policy

Reviewed policy. The first version is from august 2005.
2012-12-01 00:00:00 | HSBC
csr policies

Defence equipment sector policy

2010-02-01 00:00:00 | HSBC
csr policies

Freshwater infrastructure sector guideline

2005-05-01 00:00:00 | HSBC

Campaigns

HSBC and the Equator Principles

The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.

The Equator Principles exist already since 2003. HSBC adopted the Equator Principles in 2003.

Reporting on the Equator Principles

HSBC must report annually on its implementation of the Equator Principles. All information is supposed to be found here.

Dodgy Deals

HSBC is involved in financing the following Equator Principles projects that BankTrack considers controversial.

Active

Trans Mountain Pipeline Expansion project (TMEP) Canada

oil and gas | transport and infrastructure
Active

Tufanbeyli coal power plant Turkey

energy plants - coal
On record

Block 31, Yasuni National Park Ecuador

oil and gas
On record

El Dorado International Airport Colombia

transport and infrastructure
On record

Toka Tindung gold mine Indonesia

mining - non coal
On record

Woodlark Island Kula Gold Project Papua New Guinea

Mining - Gold

Human rights

True leader Front runner Follower Laggard
BankTrack has assessed HSBC on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. HSBC is assessed as a Laggard, with a total score of 3/12.
Policy: 2.5/3Due dilligence: 0/3
Reporting: 0.5/3Remedy: 0/3
For more details, see Banking with Principles? 2016 update.

Equator Principles

Implementation and reporting

HSBC is reporting on the implementation here.

Contact and complaints

Equator Principles Dodgy Deals

Projects

Active

Trans Mountain Pipeline Expansion project (TMEP) Canada

oil and gas | transport and infrastructure
Active

Tufanbeyli coal power plant Turkey

energy plants - coal
On record

Block 31, Yasuni National Park Ecuador

oil and gas
On record

El Dorado International Airport Colombia

transport and infrastructure
On record

Toka Tindung gold mine Indonesia

mining - non coal
On record

Woodlark Island Kula Gold Project Papua New Guinea

Mining - Gold

Good moves

Year:

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,…

One step beyond coal - New policy move from Standard Chartered welcomed

UK bank Standard Chartered’s announcement today that it “will not directly finance any new coal-fired power plant projects, including expansions, in any location” has been welcomed by BankTrack as a positive step towards bringing the bank's finance into line with the Paris Agreement goals. [1] The…

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…