New Zealand's NZ First party proposes fines for banks that deny services based on ESG criteria.

New Zealand's NZ First party has proposed a bill to fine banks up to $500,000 for refusing services based on ESG criteria, aiming to ensure decisions are made on lawful or commercial grounds. Critics argue it's challenging to force banks to serve customers they don't wish to, while supporters say it promotes fairness and prevents "woke ideology." The bill responds to concerns over banks withdrawing services from climate-exposed industries.

5 weeks ago
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