Investor demand has become a major driving force behind the transition to a low-carbon economy, according to HSBC Group Chief Executive Stuart Gulliver. He said: “There is a growing body of evidence that investors respond positively when presented with a compelling low-carbon investment case – and that they are increasingly driving the change that they want to see.”
Mr Gulliver was speaking at a business forum in Paris about the role of banks, businesses and investors in achieving environmentally sustainable economic growth. The forum took place as global leaders attended the 2015 United Nations Climate Change Conference in the city.
Mr Gulliver added that it was important to continue to work with fossil-fuel dependent sectors of the economy in order to ensure a “smooth transition” to a low-carbon future. He said: “We have to work with clients and support them through a just and orderly transition – not simply walk away and ignore the problem.”