Brian Moynihan said the world needs a global standards line so business and society can say, 'if you're below it we shouldn't do business with you.'
Bank of America Chief Executive Brian Moynihan said Wednesday that current efforts to produce a set of official global standards on ESG issues were vital to "align capitalism with what society wants from it."
Environmental, social, and corporate governance initiatives are increasingly discussed in corporate results and by senior business figures, though they have also proven controversial.
Moynihan also said it was crucial that sustainability and ethical standards became official and global.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
GOP target BlackRock CEO Larry Fink says ESG pushback has become 'personal'BlackRock CEO Larry Fink said the Republican-led blowback against environmental, social, and governance initiatives has become polarizing and “personal.'
Consulte Mais informação »
Davos 2023: BlackRock U.S. inflows dwarf $4 bln lost in ESG backlash -CEOBlackRock , the world's biggest asset manager, lost around $4 billion in assets under management as a result of a political backlash against environmental, social and governance (ESG) investing in the United States, its chief executive said.
Consulte Mais informação »
Citi CEO Fraser: Central bank tightening is likely to continueJane Fraser, the Chief Executive Officer of Citigroup said in her speech at Davos that “central bank tightening is likely to continue.” Additional tak
Consulte Mais informação »
UK house prices to fall by up to 10% this year, Lloyds Bank CEO saysU.K. house prices will fall by up to 10% this year, as higher mortgage rates and the broader cost of living crisis curtail home buying, Lloyds Bank CEO Charlie Nunn told CNBC on Tuesday.
Consulte Mais informação »
Bank of America upgrades Vodafone, sees stock rising by nearly 50%Shares in Vodafone hit a 25-year low this month, but the company offers a dividend yield of 8.4% and BofA analysts say it's a 'buy.'
Consulte Mais informação »
Bank of America Says CBDCs Are the Future of Money and Payments.BankofAmerica says CBDCs have the potential to revolutionize global financial systems and may be the most significant technological advancement in the history of money. By willcanny99.
Consulte Mais informação »