From what I have read I think it has to do with the ESG score.
ESG Scores and Ratings: What They Are, Why They Matter
17 August, 2020Kezia Farnham
As environmental, social and governance (ESG) issues ascend on the priority lists of boards and stakeholders, third-party rating and reporting organizations have developed ways of measuring companies’ efforts, such as providing an ESG score. Is a company failing to meet compliance obligations for environmental impact? Are diversity, equity or other governance issues putting the company at legal or reputational risk? The ESG reports and ratings developed answer these questions — often including a numeric or other ESG score — to provide clarity on ESG actions and for investment decisions.
For stakeholders and investors, ESG reports and ratings take some of the complexity out of evaluating a company’s ESG activities. As standard ESG benchmarks continue to evolve, independent ESG scores provided by third parties serve as important reference points for comparison.
Just as corporate boards should stay abreast of evolving ESG standards and frameworks, they should also be aware of what goes into an ESG score and why they’re important to investors and stakeholders. These scores can be a significant factor in attracting capital and maintaining transparent stakeholder communications on ESG. Here’s a brief overview of what boards need to know.
https://www.diligent.com/insights/esg/esg-risk-scores/
ESG is why you see companies sponsoring transvestites reading to children. That is how they can improve there ESG score. And somehow they think nothing of it. Profit apparently has no boundries anymore
Yes, you’re right but business need to come out against it. But the government has control over the banks.
We’re screwed.
Thanks, I’ve seen that, but it is outrageous.