HSBC can wield their GREEN bonds for greater good!
HSBC has ruled out supporting Adani’s Carmichael coal mine, and now has an urgent opportunity step up and stand behind these words.
The State Bank of India (SBI) is poised to decide on a proposed $1bn loan of public money to prop up Adani’s catastrophic coal mine.
Last week in massive news, Amundi – who arrange Green Bonds for SBI – publicly stated it will divest from SBI if it approves the loan. HSBC also arranges Green Bonds for SBI and is further a direct bondholder. This affords HSBC the unique and powerful opportunity to dissuade SBI from making a disastrous decision.
Email HSBC’s global CEO and Chair, and Australian CEO and Director – urging them to use their Green Bonds for the greater good and STOP the loan!