Bank of America CEO Says ESG Movement Is Here to Stay
ESG is here to stay.
That was the message of Bank of America Chief Executive Brian Moynihan as he responded to criticism of the movement pushing companies and investors to consider environmental, social and governance goals.
Speaking on a panel in Davos on Wednesday morning, Mr. Moynihan was asked whether businesses like his would abandon ESG goals in the face of criticism from Republican leaders in the U.S., who recently gained control of the House. Critics have said companies should be more focused on profits and that ESG uses loosely defined, PR-friendly terms.
Read more on the Wall Street Journal.
