HSBC appoints new sustainability officer: HSBC has officially appointed Julian Wentzel as its new Group Chief Sustainability Officer after holding the role on an interim basis since Celine Herweijer’s — the previous officer — departure in November, Reuters reported last week. Wentzel said that he will leverage his experience working as head of HSBC’s global banking in MENA where he directed clients on sustainability, according to a statement from LinkedIn.

The challenges ahead: Wentzel is taking up this new role amid a US-led anti-ESG backlash and a trend that saw banks quit global banking climate alliances, such as the Net Zero Banking Alliance, in droves and some others water down climate commitments.

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