Posted on 05/20/2021 8:34:52 AM PDT by tbw2
The companies are promising they will give preferential treatment to clients that run their operations in a “sustainable” manner.
That means clients will have to implement policies that, in the banks’ view, reduce carbon emissions or promote a number of other goals, such as “gender equality” and “racial equity.” Clients that don’t support carbon reductions should face penalties such as “exclusion” and “divestment,” according to the guidelines of the United Nations-backed Net-Zero Banking Alliance, which counts dozens of major banks among its members.
(Excerpt) Read more at theepochtimes.com ...
Using supply chain contracts and “reputational management” to force businesses to comply with liberal dictates OUTSIDE of government. You want to do business with a big bank? Prove you comply with social justice and environmentalist mandates.
Discriminated against but not as badly.
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