Private client investment managers Rathbones and Sarasin & Partners are among the shareholders calling for HSBC to step up its climate change commitments.

Fifteen investment and fund managers, and more than 100 individual shareholders, co-filed a resolution this week calling on the bank to publish a clear strategy on how it will reduce exposure to fossil fuels.

The resolution was organised by charity ShareAction, which said while HSBC was doing well in terms of its...