(Reuters) – HSBC Holdings CEO Noel Quinn says his financial institution is not going to be distracted from its ambition to steer the worldwide financial system within the transition to internet zero, after a senior government stated central banks had exaggerated the monetary dangers of local weather change.
In a LinkedIn publish on Saturday, Quinn stated the senior banker’s remarks had been “inconsistent with HSBC’s technique” and “don’t mirror the views of the senior management of HSBC or HSBC Asset Administration.”
At a convention hosted by the Monetary Occasions on Thursday, HSBC’s head of accountable investing Stuart Kirk stated central financial institution policymakers and different international authorities had been overplaying the monetary dangers of local weather change, in feedback that drew criticism from local weather activists.
Quinn reiterated HSBC’s dedication to a internet zero future and his publish was endorsed by a number of different HSBC workers together with Nuno Matos, CEO for Wealth and Private Banking, who stated the transition to internet zero was of “utmost significance” to the financial institution.
Kirk couldn’t be instantly reached for remark.
Reporting by Nishit Jogi in Bengaluru and Sinead Cruise in London; Enhancing by Pravin Char
