You will appreciate that we cannot comment on the companies named in the HSBC section – either to confirm or deny that they are customers – because of our contractual duty of client confidentiality....Our sector policies are regularly reviewed.  They are designed to offer measurable commitments, rather than aspirational statements.  They are designed to apply globally.  And they are designed to last for a number of years.  In that context, one would not expect to see annual changes...HSBC agrees that climate change is one of the most serious threats that the world faces today.  Banks have a role to play in combating climate change, and HSBC will certainly play its part.  We have reduced our own absolute carbon dioxide emissions by 22% over the last four years (2011-2015), and have a target to obtain 25% of our electricity from renewable sources by 2020.In parallel, we have increased our support for low-carbon sectors such as renewable energy.  We have also restricted finance for the two sectors with the highest emissions – deforestation and coal-fired power stations...