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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

Watchdog bans HSBC climate ads in fresh blow to bank’s green credentials

HSBC headquarters in Canary Wharf, London
The HSBC ads highlighted how the bank had invested $1tn in climate-friendly schemes such as tree planting. Photograph: Peter Nicholls/Reuters

HSBC has suffered a fresh blow to its green credentials after the UK advertising watchdog banned a series of misleading adverts and said any future campaigns must disclose the bank’s contribution to the climate crisis.

The ruling by the Advertising Standards Authority (ASA) followed dozens of complaints over posters that appeared on high streets and bus stops in the lead-up to the Cop26 climate change conference in Glasgow last October.

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