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(AP Photo/Kaweewit Kaewjinda) Missouri Attorney General Eric Schmitt announced today that his office and 18 other attorneys general served six major American banks with civil investigative demands. These demands act as a subpoena and seek documents relating to the banks’ involvement with the United Nations Net-Zero Banking Alliance (NZBA), which is part of a trend toward environmental, social, and governance (ESG) investing. Missouri, Arizona, Kentucky, and Texas are leading the investigation,
The banks served with demands include Bank of America, Citigroup, Goldman Sachs, JPMorgan, Morgan Stanley, and Wells Fargo. NZBA-member banks must set emissions reduction targets in their lending and […]