HSBC suspends Stuart Kirk over climate change 'hyperbole' speech - reports

Senior executives disavow Kirk

James Baxter-Derrington
clock • 2 min read
Senior executives have been eager to distance themselves from Kirk’s speech.
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Senior executives have been eager to distance themselves from Kirk’s speech.

HSBC has suspended global head of responsible investing Stuart Kirk following a presentation he gave last week, in which he argued investors should not worry about climate change risks.

According to the FT, Kirk was suspended over the weekend pending an internal investigation, although HSBC has declined to comment. HSBC AM's 'head of irresponsible investment' condemned over climate speech The move comes following a speech he gave at an FT Moral Money event on 19 May, in which Kirk bemoaned 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. Kirk also asked: "Who cares if Miami is six metres under water in 100 years...

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