The push for a global set of ESG standards is bearing fruit. (BAC) (BAC), (MA) (MA), (CRM) (CRM), and IBM (IBM) are among 55 companies that will report on environmental, social, and governance metrics championed by the World Economic Forum and its International Business Council, according to a statement from the group. The metrics are a set of 21 universal disclosures focused on people, planet, prosperity, and governance, and they are made to be comparable regardless of a company’s industry or domicile.
On June 2, Bank of America made a $1 billion, four-year commitment to advance racial equality and economic opportunity, of which $200 million was allocated to support Black, Hispanic-Latino, other under-represented minority and women entrepreneurs. Today, Bank of America announced it will invest approximately $150 million in 40 funds, based in 21 markets across the U.S. These investments will underscore Bank of America’s ongoing efforts to address the persistent gap in access to growth capital for minority-led businesses.
Is (BAC) Outperforming Other Finance Stocks This Year?