– HSBC Holdings has suspended its head of accountable investing pending an inner investigation after he stated central financial institution policymakers and different world authorities are exaggerating the monetary dangers of local weather change, the Monetary Instances reported on Sunday citing individuals with data of the method.
HSBC senior banker Stuart Kirk made the feedback at a convention hosted by the FT on Thursday, drawing criticism from local weather activists.
In response to the FT, the title of the presentation – “Why buyers needn’t fear about local weather danger” – had been set two months earlier and had been posted forward of the occasion on the convention’s web site.
HSBCCEO Noel Quinn stated in a LinkedIn put up on Saturday that his financial institution is not going to be distracted from its ambition to steer the worldwide economic system within the transition to internet zero.
An HSBC spokesperson stated the corporate couldn’t touch upon particular person workers.