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HSBC Head of Responsible Investing Slams Climate ‘Hyperbole’

  • Stuart Kirk criticises focus on climate change at FT event
  • HSBC moves to distance itself from executive’s remarks
RF climate carbon emissions pollution HP

Source: Getty Images

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HSBC Holdings Plc distanced itself from its asset management unit’s head of responsible investment after the executive criticized the finance industry for worrying too much about the environment.

“Climate change is not a financial risk that we need to worry about,” Stuart Kirk said Thursday in a 15-minute presentation at a Financial Times conference. “There’s always some nut job telling me about the end of the world.”