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4 Mins Read Stuart Kirk, HSBC Asset Management’s (HSBC AM) global head of responsible investing has raised eyebrows following a speech at a Financial Times event. At the Moral Money gathering, hosted on May 19, he compared the climate crisis to the Y2K bug before stating that investors don’t need to worry about climate change. Kirk doubled down […]
4 Mins Read U.K. advertising watchdog, the Advertising Standards Authority, is in the midst of deciding whether or not to caution HSBC over “misleading” adverts. The campaigns in question allude to climate action by the major financial institution while omitting key data about its own emissions. If an official warning is issued, it will be the first time […]
3 Mins Read HSBC could soon be forced to reduce its exposure to fossil fuels next year, after its key investors tabled a shareholder vote urging the bank to end its reliance on climate-harming financing. The bank is one of the biggest financiers of fossil fuels in the world, and despite ongoing climate action pledges, it has stopped […]
3 Mins Read Companies with a strong environmental focus have outperformed the broader stock market, said HSBC. The news comes during the ongoing coronavirus pandemic, which has caused a global economic fallout unseen since the Great Depression in the 1930s. In a recent research note, the bank detailed how environmental, social and governance (ESG) centric stocks are doing […]
3 Mins Read This September, millions around the world will be joining the global climate strikes to be held on the 20th and 27th to demand climate justice and an end to the use of fossil fuels. Climate strikers will be sounding the alarm on global warming in hopes to pressure politicians to place climate change at the […]
3 Mins Read New research by the Canadian Centre of Architecture (CCA) has explored the mostly hidden links between Hong Kong’s financial district and global environmental damage. Finding a connection between the physical financial spaces in the city and climate change events, the research group aims to present their findings in a virtual web documentary called Market Landscape. […]