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Wednesday, May 1, 2024

Watchdog Slams Bank of America for Pushing ESG Scores

'They can call themselves Bank of America, but the truth is that Moynihan and his crew have been working to undermine America at every turn...'

(Molly Bruns, Headline USA) The watchdog group Consumers’ Research recently launched a campaign against Bank of America for its embrace of controversial environmental, social and governance investment practices.

ESG standards—usually set by high ranking elites in cahoots with international organizations such as the World Economic Forum—require companies to comply to the whims of leftist activism, which are often completely unrelated to business.

According to Breitbart, this could include anything from foisting climate-change regulations onto suppliers to implementing diversity, equity and inclusion policies internally.

The Consumers’ Research campaign shed light on Bank of America’s invasive ESG policies via national television ads, billboards, and a website called the “Bank of UnAmerica.”

One of the ads directly called out CEO Biran Moynihan for enforcing the radical agenda through all levels of the company, explaining how they funded abortions, sent their employees through DEI trainings and worked to inflict strict climate standards on their customers.

The watchdog’s executive director, Will Hild, blasted the CEO in a statement.

“We are putting Bank of America on notice. CEO Brian Moynihan has wielded the United States’ second-largest bank like a political club,” Hild said.

“Under his watch, the bank has brought China’s social credit system to American soil by using arbitrary ESG metrics to potentially lock individuals and businesses out of key banking services,” Hild added

Hild also mentioned Moynihan’s history of working with the Chinese Communist Party:

“This is the same bank that helped build the Chinese Communist Party, investing billions of American dollars into China to help facilitate its rise,” he said. “They can call themselves Bank of America, but the truth is that Moynihan and his crew have been working to undermine America at every turn.”

Hild sent a letter to Congress, begging them to investigate the works of Moynihan abroad and address the growing problem of ESG standards within America’s largest corporations.

Last month, a House Judiciary Committee reported that Bank of America provided the FBI with information on several people who used their services in the D.C. area on Jan. 6, whether they participated in the protest or not.

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