Brian Moynihan said the world needs a global standards line so business and society can say, 'if you're below it we shouldn't do business with you.'
Bank of America Chief Executive Brian Moynihan said Wednesday that current efforts to produce a set of official global standards on ESG issues were vital to "align capitalism with what society wants from it."
Environmental, social, and corporate governance initiatives are increasingly discussed in corporate results and by senior business figures, though they have also proven controversial.
Moynihan also said it was crucial that sustainability and ethical standards became official and global.
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