HSBC today announced the appointment of Nick Robins as head of its newly created Climate Change Centre of Excellence. Mr. Robins is an acknowledged leader in socially responsible investment and research with over 17 years experience of promoting sustainability in business practice, financial markets and public policy. He has written numerous books and reports on global economic, sustainability and corporate accountability issues, and is a member of the UK Government's Sustainable Development Panel.
He joins HSBC in October 2007 from Henderson Global Investors, where he was Head of SRI Funds. During his time at Henderson, he helped to design and launch its pioneering 'Industries for the Future' fund and produced cutting edge research on climate change.
He will be based in HSBC's London office, reporting jointly to David Burnett, Head of Global Research and Jon Williams, Head of Group Sustainable Development.
David Burnett, Head of Global Research, said "Nick's appointment as a dedicated specialist in this field allows us to add real value to our research capability. It will establish HSBC as a leading voice on identifying economic opportunities associated with a lower carbon economy for the benefit of the Group's clients and for the Group's own businesses."
The Centre's goal is to evaluate the implications of climate change for the HSBC Group, its Global Research division and other business units. With a team of specialists based primarily in Bangalore, the Centre will act as a catalyst to stimulate greater understanding of the scientific, regulatory and economic dimensions of climate change. The Centre will be HSBC's central source of climate knowledge and will aim to translate a wide range of expert inputs - from academic studies, think tanks and government regulations - into business opportunities for the bank and its clients.
The Centre will work closely with HSBC's Global Research sector heads and analysts to assess the financial implications of climate change and government regulations relevant to their sectors to ensure integration into their research.
It will also support the implementation of HSBC's Carbon Finance Strategy, announced in June 2006, and work alongside a range of businesses throughout the HSBC Group where climate change is an increasingly important factor.
Jon Williams commented: "Climate change represents one of the largest environmental challenges for HSBC and our clients. The Climate Change Centre of Excellence will enable us to deepen our understanding of the risks and opportunities, and integrate them into our core financial services business.
"We are delighted that Nick has joined HSBC to head this new and unique initiative, and build a team of specialists in our successful research operation based in Bangalore, India."
Media enquiries to Fiona McClymont on 0207 991 6899 or email@example.com (Global Research)
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