The ESG Weekly: Mines Need Biodiversity and HSBC's Legal Carbon Reduction Requirement
Biodiversity has finally become mainstreamed, and the world is better understanding what its destruction means for our ongoing concern as a species. Many industries play a significant role in global biodiversity loss, and the mining industry is one of the big ones. We look at how mining is impacting biodiversity and where mining is impacting biodiversity. Then we provide you with another proxy season update with the bombshell resolution at HSBC that commits the bank to phasing out coal-fired power and thermal coal mining financing by 2040 that passed at 99%. And that makes it legally binding.