May 24, 2022
Why climate change angst is not just an HSBC issue
Banks take hugely varying approaches in their commitments to tackling climate change. A talk entitled "Why investors need not worry about climate risk" from an HSBC executive hints at disharmony in the ranks. Climate change is a bigger business risk for the bank than for some of its UK rivals. Kirk might be right that climate risk is too far in the future to matter for investors in many companies when you look narrowly at valuations, or for HSBC if you look at the average length of one of its loans. Where climate change meets business, markets and politics.
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