HSBC suspends Stuart Kirk over climate change 'hyperbole' speech - reports

Senior executives disavow Kirk

James Baxter-Derrington
clock • 2 min read
Senior executives have been eager to distance themselves from Kirk’s speech.
Image:

Senior executives have been eager to distance themselves from Kirk’s speech.

HSBC has suspended global head of responsible investing Stuart Kirk following a presentation he gave last week, in which he argued investors should not worry about climate change risks.

According to the FT, Kirk was suspended over the weekend pending an internal investigation, although HSBC has declined to comment. The reports follow a speech he gave at an FT Moral Money event ...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Investment

Darius McDermott: Five different ways to invest in Asia

Darius McDermott: Five different ways to invest in Asia

'A turning point'

Darius McDermott
clock 30 June 2022 • 4 min read
Only one IPO on AIM in Q2 2022

UK AIM IPOs fall to lowest levels since 2009

Worst quarter since financial crisis

clock 29 June 2022 • 3 min read
The regulator noted there was broad agreement across the industry regarding the potential harms caused by the growing role of ESG data and rating providers.

FCA sees 'clear rationale' for regulatory oversight of ESG data providers

Mixed feedback on UK green bond standard

James Baxter-Derrington
clock 29 June 2022 • 1 min read