Charles tipped for big ESG project after clandestine talks with US executives, report says

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PRINCE CHARLES has held a clandestine meeting with US bank executives at Buckingham Palace in order to promote Environmental Social Governance (ESG) goals, a reporter has claimed.

Prince Charles

Prince Charles has held a meeting with US executives about ESG (Image: Getty)

The meeting and its guest list was exposed in a tweet by Fox Business correspondent Charles Gasparino on Twitter.

One of the attendees at the meeting held on May 10 was Brian Moynihan, the CEO of Bank of America.

The tweet read: “@FoxBusiness has learned major US CEOs, bank executives attended this week a secret meeting w Prince Charles @ClarenceHouse⁩ to promote ESG goals.

“Brian Moynihan of ⁦@BankofAmerica among attendees of sessions & dinners at Buckingham Palace.”

ESG criteria are a set of standards for companies that socially conscious investors use to judge potential investments.

The Environmental criteria allow investors to see how environmentally aware a company’s operations are, while the Social criteria examines its relationship with employees, suppliers, customers and the communities where it operates.

Brian Moynihan

Brian Moynihan CEO of Bank of America attended the meeting (Image: Getty)

The Prince of Wales is well-known for his championing of sustainable causes and is passionate about protecting the environment.

He launched the Sustainable Markets Initiative in 2019, with the aim of helping the private sector to accelerate towards a more sustainable future.

The Prince is also patron of a number of environmental charities, including the Commonwealth Forestry Association.In June 2021, Prince Charles held a meeting with business leaders in London advising them that private sector finance was essential to help solve the climate crisis.

He said at the event: “We do have, I think, a potentially game-changing opportunity to drive forward the partnerships between Government, business and private sector finance that are absolutely vital if we are to win the battle to combat climate change and biodiversity loss.

“Unless we can actually unlock private sector resource, innovation and finance, with the public sector setting a framework of incentives and regulation, we just don’t stand a chance of solving the existential crises we have engineered over the years.”

Over 300 company representatives attended the meeting at St James’s Palace, including those from HSBC, AstraZeneca and Heathrow Airport.

Environmentalism runs in the family, as Prince William is also a keen advocate for nature and fighting the climate crisis.

His Earthshot Prize awards five £1million grants each year to eco-innovators with working solutions to help repair and regenerate the planet.

Its inaugural awards ceremony last October at the Royal Albert Hall won the BAFTA for Best Live Event.

Source: EXPRESS CO UK

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