Insurgent parties are warning that banks’ environmental, social, and governance (ESG) policies are being used to penalise certain views such as critiquing net zero policies.
The leader of the Reform Party Richard Tice told The Epoch Times that his commercial mortgage was refused last year because of his outspokenness on net zero policies, which went against the lender’s environmental, social, and governance (ESG) policy.
ESG investing is used to screen investments based on corporate policies and to encourage companies to promote “sustainable practices.”
They have been gaining traction in recent years as companies and governments see them as having a positive impact….