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Standard Chartered AGM – shareholders rebel against management on climate change

4 May 2022 | News, Press release

Nearly 12% of shareholders vote for Market Forces / Friends Provident Foundation resolutionResolution called on bank to match ‘net zero by 2050’ rhetoric with action and end the bank’s misaligned financing of fossil fuelsBank’s own climate resolution faced a...

Net zero vs zero ambition – the choice at Standard Chartered AGM

29 March 2022 | News, Press release

Competing proposals over the future of Standard Chartered’s climate action plansNo further update on last year’s climate policy, as rival banks leave Standard Chartered isolated on climateInvestors face a choice between a plan aligned with net zero, or a plan...

Barclays’ new climate plan makes own ‘Net Zero’ goal impossible, allows fossil fuel industry to continue expanding

22 March 2022 | News, Press release

Market Forces van outside the central Glasgow branch of Barclays during COP26, November 2021. Photo credit: Market Forces Barclays climate policy – released today with its Notice of AGM – is self-defeating as it allows expansion of the fossil fuel...

New HSBC oil and gas targets are ‘trying to con investors’ as bank’s annual report released 

22 February 2022 | News

Fossil fuel expansion continues to be permitted under new policy, failing most important acid test for alignment with net-zero by 2050Huge loopholes allow emissions targets to be met through creative accounting instead of restricting finance to oil and gasHSBC’s...

Half of Standard Chartered’s fossil fuel finance not covered by climate targets, as bank releases Annual Report

17 February 2022 | News, Press release

A protester outside a Standard Chartered office in Jakarta, Indonesia, March 2021. Photo credit: 350.org New briefing shows Standard Chartered’s fossil fuel policy applies to only around half of bank’s 2020 fossil fuel financingStandard Chartered still willing to...
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Recent Posts

  • Has Lockton put ethics aside to back Adani’s disastrous coal mine?
  • Standard Chartered AGM – shareholders rebel against management on climate change
  • ANALYSIS: Standard Chartered funds fossil fuel projects in 2021 that will emit five times the entire UK’s annual emissions
  • Standard Chartered Bank hit with protests on opposite sides of the world as AGM vote on ending fossil fuel expansion finance approaches
  • London-based financial services company GLAS latest to risk shattering its reputation on Adani’s coal project

Recent Comments

  • London-based Convex Insurance could insure one of the most environmentally destructive projects on Earth – Market Forces UK #StopAdani #StopEcocide #auspol #NoNewCoal Stop stealing our children’s future! – Climate Action Australia on London-based Convex Insurance could insure one of the most environmentally destructive projects on Earth

About Market Forces

Market Forces believes that the banks, pension funds and governments that have custody of our money should use it to protect not damage our environment.

Our work exposes the institutions that are financing environmentally destructive projects and helps people to hold these institutions accountable. We work with the community to prevent investment in projects that would harm the environment and drive global warming.

Market Forces is an international organisation headquartered in Australia.

Visit Market Forces Australia
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