ESG & Investing
HSBC Misled Consumers With Its Green Posters, Watchdog Says
- HSBC has been told by the ASA not to omit relevant CO2 details
- Bank says it ‘will consider how best’ to communicate goals
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HSBC Holdings Plc has been reprimanded by a UK watchdog for violating environmental advertising rules, after it sought to depict itself as a green bank in a set of posters.
In the latest sign that regulators are growing increasingly intolerant of all manifestations of greenwashing, the Advertising Standards Authority said it has ordered HSBC to ensure the posters “not appear again in the form complained of,” according to a statement published Wednesday.