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City of London

HSBC Suspends Executive Who Downplayed Climate Change Risks

  • Stuart Kirk criticised focus on climate change at FT event
  • HSBC moves to distance itself from executive’s remarks
Updated on

HSBC Holdings Plc has suspended executive Stuart Kirk days after he criticized the finance industry for worrying too much about climate change, according to a person familiar with the matter. 

Kirk, the head of responsible investing for the bank’s asset management unit, had slammed environmental “hyperbole,” complaining that he has repeatedly had to deal with “some nut job telling me about the end of the world.”