Anonymous ID: 23cf03 Dec. 15, 2022, 4:23 p.m. No.17950600   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>0688 >>0838 >>0856

FOR THOSE ANONS WHO ARE PAYING ATTENTION, THIS IS THE RESULT OF E.S.G IN ACTION, HSBC (THE HONGKONG AND SHANGHI BANKING CORPORATION)!!!

Note: A british bank, just go with wiki for description below. silent weapons, quiet wars, the endless !!

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https://en.wikipedia.org/wiki/HSBC

HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021.[6] In 2021, HSBC had $10.8 trillion in assets under custody (AUC) and $4.9 trillion in assets under administration (AUA), respectively.[4] HSBC traces its origin to a hong in British Hong Kong, and its present form was established in London by the Hongkong and Shanghai Banking Corporation to act as a new group holding company in 1991;[7][8] its name derives from that company's initials.[9] The Hongkong and Shanghai Banking Corporation opened branches in Shanghai in 1865[1] and was first formally incorporated in 1866.[10]

HSBC has offices in 64 countries and territories across Africa, Asia, Oceania, Europe, North America, and South America, serving around 40 million customers.[11] As of 2022, it was ranked no. 38 in the world in the Forbes rankings of large companies ranked by sales, profits, assets, and market value.[12]

HSBC is organised within three business groups: Commercial Banking, Global Banking and Markets, and Wealth and Personal Banking.[13][14] In 2020, the bank announced that it would consolidate its Retail Banking & Wealth Management arm with Global Private Banking, to form Wealth & Personal Banking.[15]

HSBC has a dual[16] primary listing on the Hong Kong Stock Exchange and London Stock Exchange and is a constituent of the Hang Seng Index and the FTSE 100 Index. It has secondary listings on the New York Stock Exchange, and the Bermuda Stock Exchange.

HSBC has had a number of controversies and the bank has been repeatedly fined for money laundering (sometimes in relation with criminal organizations such as the Sinaloa cartel)[17] or setting up large scale tax avoidance schemes.

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HSBC to end funding for new oil and gas fields

Published 1 day ago By Esme Stallard

https://www.bbc.com/news/science-environment-63975173

BBC News Climate and Science

HSBC has announced it will stop financing new oil and gas fields, as part of its efforts to drive down global greenhouse gas emissions.

Environment groups said the move sends "a strong signal" to fossil fuel giants that investment is waning.

Europe's largest bank said it made the decision after receiving advice from international energy experts.

It comes following previous criticism of HSBC for funding oil and gas projects despite its green pledges.

Jeanne Martin, head of the banking programme at ShareAction, a charity that campaigns for reducing investment for fossil fuels like oil and gas, said: "HSBC's announcement sends a strong signal to fossil fuel giants and governments that banks' appetite for financing new oil and gas fields is diminishing."

The charity called on other banks to follow suit - saying this move sets a "a new minimum level of ambition" for the sector.

In 2020, HSBC made a pledge to be "net zero" - which means not adding to greenhouse gases already in the atmosphere - and investing up to $1 trillion (ยฃ806bn) in clean energy.

However, the bank came under criticism earlier this year when it was revealed it had invested an estimated $8.7bn (ยฃ6.4bn) into new oil and gas in 2021, according to ShareAction.

In the update to its energy policy, the bank said the decision had been made "follow[ing] consultation with leading scientific and international bodies" who had estimated that current oil and gas fields would meet any demand in 2050 under a "net-zero" scenario.

Under the 2015 Paris Agreement, 197 countries agreed to try to keep temperature rises "well below" 1.5C to avoid the worst impacts of climate change.

Experts say that to achieve this, net zero must be reached by 2050.

What does net zero mean and how are countries doing?

HSBC follows Lloyds bank - Britain's biggest domestic bank - which announced a similar decision in October.

Tony Burdon, chief executive at climate finance campaign Make My Money Matter, said: "it's another nail in the coffin for fossil fuel expansion, and a massive signal to other UK banks that the game is up on new oil and gas."

Anonymous ID: 23cf03 Dec. 15, 2022, 4:37 p.m. No.17950677   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>0691

>>17950644

Dubs chek'ed - see below and cry moar

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