Advocacy group Consumers’ Research this week launched an ad campaign against Bank of America seeking to highlight the firm’s environmental, social, and corporate governance (ESG) practices.
ESG investing involves the use of investor capital by an asset manager in select investments that focus not on maximizing returns, but on advancing political and social causes. The practice has attracted considerable scrutiny from Republicans, who argue it may constitute a breach of the firm’s fiduciary duty to investors.
Bank of America, the group contends, uses “its market power and resources to force its ideologically driven agenda on the American people” and “puts politics […]
Read the rest of this story here: justthenews.com
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