Stuart Kirk’s now infamous conference presentation claiming that “climate change is not a financial risk we need to worry about” has led to speculation that he might have planned a departure from HSBC before unburdening himself, though for now he is in professional limbo as the bank decides whether or not to dismiss him.
There is a niche but growing market for disillusioned former practitioners of sustainable investing at large financial institutions.
This in turn is creating an unusual risk for banks and asset managers that staff may turn against their employers with condemnation of their business models in a twist on traditional whistleblowing about demonstrable malpractice.
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