HSBC has channelled 90% of its investments in coal into companies headquartered in Asia. Thus, HSBC supports those companies’ plans to build an additional 99,796 MW of coal-fired capacity. China especially is drastically growing its coal plant fleet, resulting in tremendous air pollution, health impacts and water shortages. This does not only lead to widespread public unrest but it also has massive economic implications.
Find out more in our Coal Report page 20: