# Nearly 8% of investor votes opposed the election of Brendan Nelson at the meeting in London on Friday.

*business · news · 2026-05-08 · Evening Standard*

## Key points

- Nearly 8% of HSBC investors voted against new chairman Brendan Nelson at the AGM.
- HSBC pushed back its net zero supply chain target by 20 years, now aiming for 2050.
- Last year, HSBC became the first UK bank to leave the banking sector’s global climate alliance.
- HSBC shifted 2030 emissions goals to a range, not a single figure, softening targets.

**Companies:** HSBC
**Countries:** United Kingdom

[Read the full story on Evening Standard](https://www.standard.co.uk/business/business-news/hsbc-agm-mark-tucker-london-shareholders-b1281606.html)

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