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HSBC

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

Investment

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'

clock 26 May 2022 • 3 min read
Feeling stressed? Bank of England warns climate risks to become 'persistent drag' on profitability

Risk

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

clock 24 May 2022 • 8 min read
Reports: HSBC suspends responsible investing head after controversial climate speech

Investment

Reports: HSBC suspends responsible investing head after controversial climate speech

Senior HSBC executives disavow Stuart Kirk's speech last week, during which he complained that throughout his career there had always been 'some nutjob telling me about the end of the world'

clock 23 May 2022 • 2 min read
Not so moral money?

Risk

Not so moral money?

Stuart Kirk's insistence investors do not need to worry about climate risk fundamentally misunderstands both climate change and risk

clock 20 May 2022 • 11 min read
HSBC AM's 'head of irresponsible investment' condemned over climate speech

Risk

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

clock 20 May 2022 • 3 min read
HSBC AM head of responsible investing: 'Who cares if Miami is six metres under water in 100 years?'

Investment

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'

clock 20 May 2022 • 3 min read
Reports: HSBC rapped by Advertising Standards Authority over 'greenwashing' allegations

Marketing

Reports: HSBC rapped by Advertising Standards Authority over 'greenwashing' allegations

Draft recommendation reportedly criticises bank for failing to provide sufficient context on its continued investments in fossil fuels

clock 03 May 2022 • 2 min read
Investors welcome fresh HSBC pledges to beef up climate policies

Investment

Investors welcome fresh HSBC pledges to beef up climate policies

Leading shareholders claim successful engagement with bank has secured new commitments to phase down fossil fuel financing and tighten lending policies

clock 17 March 2022 • 3 min read
Investors urge Credit Suisse to strengthen climate policies ahead of AGM

Investment

Investors urge Credit Suisse to strengthen climate policies ahead of AGM

Group of 11 major financial institutions back co-ordinated move calling on bank to curb fossil fuel interests

clock 08 March 2022 • 3 min read
Climetrics: CDP highlights most environmentally-friendly equity funds

Biodiversity

Climetrics: CDP highlights most environmentally-friendly equity funds

AXA, HSBC, and La Banque Postale Asset among those with top-rated funds in their portfolios

clock 08 March 2022 • 2 min read
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