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HSBC AGM 2021 – dodging questions and continuing climate destruction

HSBC AGM 2021 – dodging questions and continuing climate destruction

28 May 2021 | News, Press release

Question gymnastics were the order of the day at HSBC’s 2021 Annual General Meeting, as the bank’s management dodged their way out of answering seemingly endless climate questions from shareholders. The run-up to the AGM had been rough for HSBC, with the bank being...

Revealed: HSBC’s dirtiest deals will emit more pollution than Brazil or Canada

25 May 2021 | News, Press release

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 – more than the entire annual emissions of either...

HSBC-linked new coal plants will cause 19,000 air pollution deaths per year

12 May 2021 | News, Press release

In April, Market Forces revealed that HSBC’s proposed new coal policy won’t affect it’s asset management arm, allowing HSBC to continue to own stakes in coal companies that together plan 73 new coal plants, generating 99 gigawatts (GW) of energy from coal. Not...

Standard Chartered to face shareholder action if climate policies don’t improve

10 May 2021 | News, Press release

Standard Chartered will be in the sights of shareholders next year if its poor record on climate change doesn’t improve, according to environmental organisation Market Forces.  The news comes as Standard Chartered participates in a US$ 400 million, 5-year loan...

Barclays AGM 2021 – nearly 25% of shareholders defy bank management on climate

6 May 2021 | News

The 2021 AGM of the biggest fossil banker in Europe, Barclays, was rightly dominated by questions and discussions around climate change. One quarter of Barclays shareholders defied the bank board’s voting recommendation on climate change, with 14% voting for the...
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Recent Posts

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  • Standard Chartered Bank hit with protests on opposite sides of the world as AGM vote on ending fossil fuel expansion finance approaches
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  • 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.

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