Finance
HSBC’s Suspended Banker Taken to Task by Key Architect of ESG
- Clements-Hunt says HSBC’s Kirk is out of touch with science
- Others say Kirk’s comments reflect what bankers say in private
Stuart Kirk speaks at the FT Live Moral Money Summit Europe conference on May 20.
Source: FT Live/YouTubeThis article is for subscribers only.
As the ESG industry digests the outburst from a senior banker at HSBC Holdings Plc, an early proponent of the environmental, social and governance movement is taking the opportunity to set the record straight.
Paul Clements-Hunt, the man who helped coin the acronym ESG in the mid-2000s, has characterized the comments by HSBC’s now-suspended Stuart Kirk as being out of touch with science.