Stuart Kirk, Climate Investing Critic, Resigns From HSBC - WSJ

Stuart Kirk, Climate Investing Critic, Resigns From HSBC

The former head of responsible investment and research at HSBC Asset Management sparked a debate on the value of ESG investing

HSBC Holdings aims to help the world cut carbon emissions to zero. Photo: GABBY JONES for The Wall Street Journal

HSBC Holdings PLC executive Stuart Kirk said he resigned, seven weeks after being suspended from his job for saying climate change need not be a worry for investors.

Mr. Kirk, who was head of responsible investment and research at HSBC Asset Management, caused a firestorm with a conference presentation in May. He argued humans could adapt to climate emergencies and that policy makers were exaggerating the risks. It was taken as a broadside against the trillions of dollars flowing from investors into environmental, social and governance, or ESG, products and funds. 

Continue reading your article with
a WSJ membership

View Membership Options

Already a member? Sign In