US senator suggests Stuart Kirk suspension indication of ‘extreme environmental ideology’

Republican senator for Montana Steve Daines has lambasted HSBC over its suspension of Stuart Kirk in the wake of his recent speech attacking climate disclosure requirements, suggesting the move is indicative of “the same groupthink that led to the 2008 financial crisis”. Writing to HBSC group CEO Noel Quinn, Daines argued that Kirk had been … Read more

HSBC responsible investing head's climate speech was misinformed, misguided and deeply irresponsible

Former UN climate chief Christiana Figueres describes Stuart Kirk’s speech last week as ‘one of the most irresponsible public statements we have heard in years’ The recent outrageous speech of Stuark Kirk, ostensibly the head of ‘responsible’ investing for HSBC Asset Management, was not only misinformed and misguided – his fallacies have already been made … Read more

Feeling stressed? Bank of England warns climate risks to become 'persistent drag' on profitability

A top HSBC executive may have downplayed the threat posed by climate risks, but the Bank of England’s new stress test exercise suggests financial firms’ profits would be hit The timing may be entirely coincidental, but it makes it hard not to interpret it as a direct riposte. Just days after HSBC Asset Management’s head … Read more

HSBC AM head of responsible investing: 'Who cares if Miami is six metres under water in 100 years?'

Top executive bemoans that there is always ‘some nutjob telling me about the end of the world’, but the bank insists his views ‘do not reflect the views of HSBC Asset Management nor HSBC Group in any way’ HSBC Asset Management’s global head of responsible investing, Stuart Kirk, has questioned the risk climate change presents … Read more

HSBC AM's 'head of irresponsible investment' condemned over climate speech

Experts slam ‘totally bizarre’ analysis that rejected the idea investors should worry about climate risks A presentation given by Stuart Kirk, global head of responsible investing at HSBC Asset Management, has been called into question by figures across the industry. In the speech, Kirk questioned whether the impacts of climate change mattered and bemoaned the … Read more

Reports: HSBC suspends responsible investing head after controversial climate speech

HSBC has suspended its global head of responsible investing Stuart Kirk following a presentation he gave last week, in which he argued investors need not worry about climate change risks. According to the FTKirk was suspended over the weekend pending an internal investigation, although HSBC has declined to comment. The move comes following a speech … Read more