HSBC will face pressure at its Annual General Meeting today (2 May), as a coalition of 30 investors managing €1.4tn in assets urges the bank not to backslide on its climate commitments. This marks the first of many European banks to be challenged on the issue this AGM season. The coordinated statement, which will be read aloud by responsible investment NGO ShareAction, calls on the banking giant to reaffirm its commitment to net zero and to use its ongoing climate policy review to accelerate, not dilute, progress.