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HSBC Head of Responsible Investing Slams Climate ‘Hyperbole’ (1)

May 20, 2022, 4:38 PM

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.”

Kirk, whose role means he is responsible for integrating ESG risks and opportunities across asset classes at HSBC Asset Management, also took aim at former Bank of England Governor Mark Carney and other ...