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HSBC in hot water after this climate change comment

Published

4 years ago

on

A senior banking executive has reportedly been suspended for accusing other bankers of exaggerating the financial risks of climate change

The HSBC staffer says “there’s always some nut job telling me about the end of the world.”

Suart Kirk is believed to be behind the comments, he is who is the “Head of Responsible Investing” at the bank’s asset management division.

His role involves making investments based on environmental and social issues.

Kirk reportedly gave a presentation titled “why investors need not worry about climate risk” at a conference last week.

The firm’s executives have distanced themselves from the comments.

They say they do not agree with their colleague.

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Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

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