The HSBC bank logo is seen at its offices in the Canary Wharf financial district in London, Britain, March 3, 2016. — Reuters picLONDON, May 13 — Bank giant HSBC risks dangerous health fallout from investments in companies who plan to build new coal power plants, an environmental think-tank warned in a report on Wednesday.
That will also spark the hospitalisation of tens of thousands due to asthma, premature births and other health problems, it added. HSBC also appears on share registers when it has a custodial relationship, whereby it holds paperwork on behalf of clients. “We prioritise high carbon sectors for early engagement and action to improve governance, targets, and disclosure of climate risk.”
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