HSBC climate change adverts banned by UK watchdog for greenwashing

Two HSBC adverts have been banned by the UK’s advertising regulator due to it being “misleading” about the company’s efforts to tackle climate change. 

The Advertising Standards Authority (ASA) said the banking giant can no longer run the ads which promoted its plans to reduce harmful emissions. The ASA said the posters “omitted material information” about HSBC’s activities. 

It’s the first action the ASA has taken against a bank for “greenwashing.”