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

‘There will be fires but we do need to adapt’

James Baxter-Derrington
clock • 3 min read
Stuart Kirk , global head of responsible investing at HSBC Asset Management
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Stuart Kirk , global head of responsible investing at HSBC Asset Management

HSBC Asset Management global head of responsible investing Stuart Kirk has questioned the risk climate change plays for financial markets, arguing that it is not one investors should worry about.

Speaking at a Financial Times Moral Money event yesterday (19 May), Kirk compared the climate crisis to the Y2K bug, bemoaning that throughout his financial career there has always been "some nutjob telling me about the end of the world". "What bothers me about this one is the amount of work these people make me do," he said. Stock Spotlight: One of the world's 'most polished PR machines' HSBC doubles profits in Q3 Presenting a speech entitled Why investors need not worry about climate risk, Kirk asked: "Who cares if Miami is six metres under water in 100 years? "Amsterdam has b...

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