HSBC’s jarring ESG message, Davos in spring
Viewsroom
Reuters
4.4 • 58 Ratings
🗓️ 26 May 2022
⏱️ 21 minutes
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| 0:00.0 | Hi, just leave on work now. Sorry, it's a bit loud. |
| 0:03.3 | Um, basically, so I was thinking we could get Macies tonight. Had a big Mac on my mind all day, and delivery fee on the app is now from 99P. So you win? Of course you are. Love you. Bye! Exclusively on the McDonald's app. 18 plus, service fee and small order fee may apply. Participating restaurants. Serving times and teas and seas apply. The views expressed on this podcast are those of the participants, not of Rogers News. |
| 0:26.7 | HSBC's jarring ESG message, Davos and Springtime. |
| 0:34.6 | Welcome to the views room. |
| 0:36.0 | I'm your host, Jennifer Saba, a columnist at breaking views coming to you from New Jersey. |
| 0:40.3 | Environmental, social, and governance-based investing has its share of critics. |
| 0:45.3 | But a recent event at HSBC shows that those punching holes in ESG are becoming more vocal. |
| 0:52.3 | The bank's head of responsible investing at the asset management division |
| 0:56.4 | said that policymakers and other global authorities were exaggerating the risks of climate change. |
| 1:02.7 | Breaking Views, Associate editor George Hay beams in from London to explain why that puts HSBC boss |
| 1:08.6 | Noel Quinn in an awkward position. Next, I'll pass the mic to Peter |
| 1:13.2 | Tal Larson and Lauren Silva Loughlin, who are in Davos, Switzerland, covering the World Economic Forum after a |
| 1:19.4 | two-and-a-half-year pause. While the spring sun is shining, the mood is pretty dark, given the economic |
| 1:25.2 | uncertainty, inflation in the war in Ukraine. |
| 1:29.0 | Those factors have introduced tension to earlier promises made to help change the direction |
| 1:34.2 | of climate change. |
| 1:37.0 | Hi, George. It's good to talk to you. |
| 1:40.9 | Hey. |
| 1:42.0 | Hey, so let's talk about this HSBC situation that you reported on earlier. So this is an |
| 1:49.8 | interesting story and that to me there are two characters here at the bank. And one is, |
| 1:55.8 | his name is Stuart Kirk, who is the head of responsible investing. And he came out from my understanding and said that |
| 2:04.7 | basically, you don't have to really worry about climate risk. And then on the other side of the |
... |
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