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"hsbc": {
"names": [
"HSBC",
"HSBC Bank",
"HSBC Holdings",
"Hongkong and Shanghai Banking Corporation",
"the Hongkong and Shanghai Banking Corporation",
"HSBC Group",
"Hong Kong Bank",
"HongKongBank",
"Hong Kong Shanghai Bank",
"HSBC Holdings plc",
"HSBA"
],
"comment": "HSBC is a British bank founded in colonial Hong Kong, which has been fined over $2 billion by various governments for providing services to money laundering groups [1][2][3], has assisted Iran and North Korea in circumventing US nuclear-weapons sanctions [4], and has been fined over $600 million for tax avoidance [5]. HSBC has made sustainability pledges such as to end financing of coal power [6][7], but has also invested billions in oil and gas and been accused of greenwashing [8].",
"sources": {
"1": "https://web.archive.org/web/20231127195037/https://www.reuters.com/business/hsbc-fined-85-mln-uk-anti-money-laundering-failings-2021-12-17/",
"2": "https://web.archive.org/web/20231024090948/https://www.theguardian.com/business/2015/jun/04/hsbc-fined-278m-over-money-laundering-claims",
"3": "https://www.independent.co.uk/news/business/news/terrorists-and-drug-lords-targeted-hsbc-bosses-admit-8483303.html",
"4": "https://web.archive.org/web/20220331180747/https://www.bbc.co.uk/news/business-20673466",
"5": "https://web.archive.org/web/20221221080911/https://www.reuters.com/article/us-hsbc-france-swiss-idUKKBN1DE1Z1/",
"6": "https://web.archive.org/web/20231108184928/https://www.reuters.com/article/hsbc-hldg-climatechange/exclusive-hsbc-targets-net-zero-emissions-by-2050-earmarks-1-trln-green-financing-idINL8N2GZ31Q/",
"7": "https://web.archive.org/web/20231117144315/https://shareaction.org/news/hsbc-sends-shockwaves-as-it-commits-to-end-coal-financing",
"8": "https://web.archive.org/web/20231118013509/https://www.thebureauinvestigates.com/stories/2022-10-31/mines-pipelines-and-oil-rigs-what-hsbcs-sustainable-finance-really-pays-for"
},
"sourceNotes": {},
"tags": [
"bank",
"corruption",
"greenwashing"
],
"score": 35,
"ownedBy": [],
"logoUrl": "https://upload.wikimedia.org/wikipedia/commons/a/aa/HSBC_logo_%282018%29.svg",
"siteUrl": "https://www.hsbc.co.uk/",
"updatedAt": "2023-12-15T22:09:30.315Z"
},bank
HSBC is a British bank founded in colonial Hong Kong, which has been fined over $2 billion by various governments for providing services to money laundering groups [1][2][3], has assisted Iran and North Korea in circumventing US nuclear-weapons sanctions [4], and has been fined over $600 million for tax avoidance [5]. HSBC has made sustainability pledges such as to end financing of coal power [6][7], but has also invested billions in oil and gas and been accused of greenwashing [8].
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