BNY Mellon today announced new enhancements to its securities finance platform to help clients analyze their agency securities lending program alongside their sustainability goals. The announcement comes as stakeholder demands for increased transparency in connection with environmental, social and governance (ESG) investing are growing for firms across the globe.
https://www.prnewswire.com/news-releases/bny-mellon-adds-new-esg-ratings-to-securities-lending-301636422.html
This says it all. Minimal fanfare from a d-mbed down populace even as the smart people interview elsewhere.
Between ESG & DEI I give the Bank 2 years max before acquisition or destruction. The fat is 10 times the muscle and this cannot stand. Nobody is even pretending to mind the store.
Our stock isn’t down. It’s been around 37- 39 for nearly 30 years. It’s valuation will never change until we develop a growth strategy or work on technology which enables us to cut costs.
Ordinarily I short the stock of any company that goes Woke as the business is the last thing on their mind. But not BK as it is so poorly managed that the stock has gone sideways for decades. With no business model, no direction, no ideas and no leadership we have no future.
Stock is at that rock solid 39, just as it was in 1999. Way to go!
Getting ready for Black Rock.
Far left Charlie brought it to BONY and my how it’s grown…
Stock is down 30% and this is their solution???
The "clients" clamoring for this should be sued for violating their fiduciary responsibility. And hopefully we charge enough fees to fend off the fines we'll get for offering such subjective investment products.
https://www.reuters.com/markets/us/us-sec-charges-bny-mellon-investment-adviser-misstatements-over-esg-policies-2022-05-23
ESG IS the globalist push for their agenda. Nothing more. It’s a way to cut funding for those companies ( next will be individuals) that have a different opinion or take on items.
It’s a way to only allow one opinion/ view.
Much like Covid. Anything contrary or different from the government narrative, was eliminated and considered radical.
These clients that supposedly want it, only want it because they know they have to go along with it or they won’t get funding.
Do some research and don’t just take the stuff at nice sounding tag line.
You’ll feel different about ESG.
Do you all know how much clients are clamoring for this? You’re saying you can’t work here anymore because our priorities aren’t straight - politics of environmentally and socially conscious investing aside, it’s certainly in our best interest to allow our clients to easily pick the assets that fit their ESG mandates. Without this, they wouldn’t want to use our sec lending platform as there’s too much due diligence for them.
ESG is a tool being used by the WEF to financially squash any businesses across the globe that are non-compliant with their agenda
Ok, starting my job search now. Looking for a solid corporation that is focused on the business, not Wokeness. I’m sorry but this is beyond ridiculous.
This whole ESG issue is another scam that’s being perpetrated by the Global Elitists led by the Blackrock CEO. Ask Sri Lanka how that worked out.
That was on the home page last week with minimal fanfair.