HSBC Asset Management to phase out thermal coal in active funds

HSBC Asset Management will exclude thermal coal companies from its active funds by 2040, but that policy won’t apply to its existing exchange-traded and index products.

HSBC logo | Photo: picture alliance / NurPhoto | Artur Widak

By Sheryl Tian Tong Lee / BLOOMBERG

The USD 595 billion asset manager will not participate in listings or primary debt issuance of companies engaged in thermal coal expansion, it said in a statement.

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HSBC Asset Management to phase out thermal coal in active funds

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JP Morgan veteran gets top Nordic sales role at HSBC AM

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Front page now

Bonde was losing support at Alecta prior to departure, Swedish daily reports

Castellum's Danish country manager to join Norwegian pension investor

Impact pioneer eyes investor appetite for a food revolution

Two Danish pension funds first in the world to receive approval from climate initiative

Alecta’s chair resigns from board of the troubled Swedish pension giant

BankInvest's two alternative funds in negative territory

Finnish pension fund CEOs propose higher risk to overcome demographics

Polaris welcomed into new territory: "There is a huge need for capital"

Storebrand maintains its first municipal pension deal

S-Bank's head of WM moves to bigger role and asset volumes at OP

Mandatum set to debut in Helsinki in biggest listing since 2005

AP2 teams up with think tank to identify deforestation exposure in global portfolios

Further reading

Impact pioneer eyes investor appetite for a food revolution

Two Danish pension funds first in the world to receive approval from climate initiative

Alecta’s chair resigns from board of the troubled Swedish pension giant

Startup investor with Nordic roots expands into Finland, kicks off new fund

BankInvest's two alternative funds in negative territory

BlackRock: High number of US investors plan to increase allocation to green transition

Jobs