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 The timing may be entirely coincidental, but it makes it hard not to interpret it as a direct riposte. Just days after HSBC Asset Management’s head … Read more

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’ HSBC Asset Management’s global head of responsible investing, Stuart Kirk, has questioned the risk climate change presents … Read more