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Congratulations to your manifold token awards for being the world’s most sustainable bank.
As you are aware, the State Bank of India (SBI) is currently looking to give a $650m loan to the Carmichael coal mine build in Australia. This could be argued to be the world’s most unsustainable project, with billions of tonnes of CO2 emissions potentially generated as a result. HSBC was the key global bank in raising capital for SBI’s $650m green bond in 2018, as well as a key bank in other USD general purpose corporate bonds in the past few years.
The investor community is concerned about the potential SBI Carmichael lending and has engaged across multiple fronts. Executing marquee transactions like the green bond carries reputational attachment for the duration of the bond, not only financial upside through fee coll…