Exclusive-HSBC clients query bank on climate, one to review engagement – sources

HSBC is facing queries from customers about its commitment to fight climate change after a senior banker downplayed the risks, sources told Reuters, with at least one large institutional investor reconsidering whether to employ the bank for a sustainability role, according to one of the people. The investor, which manages in excess of $100 billion, plans to seek opinions from consultants on whether HSBC Asset Management should help manage its sustainability funds in the wake of the controversial comments, said the person with direct knowledge of the matter. Staff inside the bank have also sought reassurances about its policies amid concerns about how HSBC will be perceived by clients, two other sources said.The sources declined to be named as they were not authorised to speak to the media.

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