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New Zealand party proposes bill to fine banks for refusing services based on ESG criteria.
New Zealand's NZ First party has proposed a bill that would fine banks up to $500,000 for refusing to provide services to businesses based on ESG criteria.
The bill aims to prevent banks from denying services to clients, especially those in climate-exposed industries, requiring decisions to be based on lawful or commercial grounds instead.
Critics argue that enforcing such regulations could be challenging.
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El partido neozelandés propone una ley para multar a los bancos por rechazar servicios basados en criterios ESG.