- He called creating an official set of global ESG standards vital to “align capitalism with what society wants from it.” He additionally stated:
- “Frankly, an investment manager…can sit there and say, here’s a line that is acceptable and you’re either above it or below it.”
- “If you’re below it, we shouldn’t do business with you…”
- In July, federal regulators fined Bank of America $225 million for unfair and deceptive practices related to a prepaid card program to distribute unemployment insurance and other public benefit payments.
Woke Alert: Bank of America
At the World Economic Forum in Davos, Switzerland (a “wokefest” for the global elite), Bank of America Chief Executive Brian Moynihan had some chilling things to say about ESG: