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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

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.

By 2030, HSBC’s active funds will exclude companies with more than 2.5% of revenue from thermal coal in the European Union and OECD.

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