Commentary
In recent years, the financial sector has become a key target of progressive activists seeking to implement their agenda. Activists have used a variety of methods to persuade and pressure financial institutions to do their bidding. They have successfully pressured the financial sector to adopt standards on environmental impact, social impact, and broader corporate governance, collectively referred to as ESG standards; they have targeted the financial sector for remaining accessible to industries deemed to conflict with ESG standards, such as oil, natural gas, and firearms.
