Q: Good morning Peter, Ryan, and 5i Team,
How significant is the ESG backlash in many US states to Canadian banks that have large US operations?
A recent article in the Globe & Mail “Canadian banks caught in ESG backlash from U.S. state officials” outlines this unfortunate (in my opinion) trend.
The article refers to TD in particular, but lists large US banks that have also been impacted by this anti-ESG stance.
Thanks for your insight.
How significant is the ESG backlash in many US states to Canadian banks that have large US operations?
A recent article in the Globe & Mail “Canadian banks caught in ESG backlash from U.S. state officials” outlines this unfortunate (in my opinion) trend.
The article refers to TD in particular, but lists large US banks that have also been impacted by this anti-ESG stance.
Thanks for your insight.