Oct 19, 2022
HSBC climate change adverts banned by UK watchdog
The UK's advertising regulator has banned two HSBC advertisements for being "Misleading" about the company's work to tackle climate change. A HSBC spokesperson told the BBC that "The financial sector has a responsibility to communicate its role in the low carbon transition to raise public awareness and engage its customers." HSBC's efforts to address climate change have come under scrutiny in recent months. At the time, a HSBC spokesman said the bank was "Committed to working with our customers to achieve a transition towards a thriving low carbon economy". A senior HSBC executive drew controversy in May when he accused central bankers and other officials of exaggerating the risks of climate change.
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