"HSBC has sent deeply concerning signals around whether managing the rapidly multiplying financial risks of global heating is still one of its priorities," said Jeanne Martin, head of the banking program at ShareAction.
A group of 30 HSBC Holdings investors is asking the bank to confirm it's still committed to cutting CO2 emissions, amid concerns Europe's biggest lender is backing away from its climate pledges.
The shareholders, who together sit on more than GBP1.2 trillion ($2.09 trillion) in assets under management, will ask HSBC "to restate its commitment to the net zero transition," according to ShareAction, the London-based non-profit coordinating the move. The request will be made at Friday's annual general meeting.
