Non-Profit Targets U.S.-Based Bank’s ESG Investment Strategies Cadwalader, Wickersham and; Taft LLP

Consumers’ Research, a nonprofit organization claiming to challenge “companies that have chosen to put woke politics above consumer interests,” announced in June 2023 that it was launching a publicity campaign against a global U.S.-based financial institution. According to the organization, Bank of America is pursuing an “ideologically driven agenda” and advocating “ESG fanaticism.” In a statement supporting the campaign, which includes national television advertisements, billboards in major U.S. cities, including one in New York City’s Times Square, and a dummy “Bank of America” website, Will Hild, CEO of Consumers’ Research, accused Bank of America of using its access to capital to help force a progressive political agenda. According to Hild, Consumers’ Research identifies Bank of America and its CEO as among the most outspoken lenders on climate-related topics, as well as other issues that some lump under the umbrella of ESG, such as gun laws, LGBTQ+ rights, and abortion and reproductive health protections. 

ESG, SDG, CER, GRI, FSC, LCA, WELL  Read More 

Cadwalader, Wickersham & Taft LLP