- As more banks participate in ESG and experiment with what they can get away with, people may lose access to their funds if they hold the wrong beliefs or lack good social credit score. This is already in place in China and all the big banks are looking at dipping their toes into this game.
PayPal already experimented with this and back-peddled when their stock dipped as a result. A few dozen big banks in the US are now participating in ESG. Only time will tell what they dare to implement.
- As more banks participate in ESG and experiment with what they can get away with, people may lose access to their funds if they hold the wrong beliefs or lack good social credit score. This is already in place in China and all the big banks are looking at dipping their toes into this game.
PayPal already experimented with this and back-peddled when their stock dipped as a result. A few dozen big banks in the US are now participating in ESG. Only time will tell what they dare to implement.