HSBC Says Greenwash Risks Have Potential to Impede Market Access
Bank adds `greenwashing' to list of risks as global regulators move to clamp down on overhyped climate claims.
HSBC's annual report said Tuesday that 'if we are perceived as misleading stakeholders about our business activities, or if our stated net-zero ambitions fail to materialize, we could face greenwashing risks resulting in significant reputational harm, impacting revenue generating capacity, and possibly our access to capital.'