HSBC banking products include current accounts, loans, mortgages, credit cards. Read more about their published ethical investment policy here.
HSBC are heavily invested in some companies who produce nuclear weapons, and there is no specific policy to treat nuclear weapons differently from other weapons.
HSBC has an exclusion policy on project loans, and avoids financial involvement in companies which get more than 33% of their business from armaments. However, many of the biggest nuclear weapons manufacturers make less than 33% of their turnover from weapons, so HSBC are still heavily invested in some companies who produce nuclear weapons. Beyond this, there is no specific policy to treat nuclear weapons differently from other weapons.
Don’t think this is good enough? Get in contact with HSBC to tell them you want them to be more transparent, more ethical, and more comprehensive in their policy on controversial weapons.
Email HSBC using our template to bring your concerns to their attention.
@HSBC_UK Stop investing in nuclear weapons-producing companies! Restricting direct financing is not enough – real change requires excluding whole companies regardless of how much of their annual turnover comes from producing weapons. #InvestingInChange @UKNWFRGTweet
@HSBC_UK How will the ratification of the UN Treaty on the Prohibition of Nuclear Weapons affect your business practices? #InvestingInChange @UKNWFRGTweet
@HSBC_UK Your customers deserve to know their money is being invested in nuclear weapons-producing companies, please make your policy more clear on your website and consult with your customers on this issue. #InvestingInChange @UKNWFRGTweet
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