HSBC IPO

HSBC AM to phase out coal investments

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fnlondon.com

HSBC’s fund arm said it will phase thermal coal companies out of its portfolios in a toughening of its stance on climate change.HSBC Asset Management, which has some $600bn in assets, will immediately stop investing in IPOs or primary debt issuance of any companies involved with thermal coal expansion, it announced on 22 September.By the...

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