Investment Banking

Bank of America CEO Brian Moynihan: ESG transition is a ‘big business opportunity’

Investment banks are hiring ESG specialists to tackle the push to net zero

Brian Moynihan said that ESG was still a pressing issue and that companies were under pressure from shareholders, employees and customers to make a change
Brian Moynihan said that ESG was still a pressing issue and that companies were under pressure from shareholders, employees and customers to make a change Photo: Hollie Adams/Getty Images

Bank of America chief executive, Brian Moynihan, says that the ESG transition is a “big business opportunity” for the bank and that it is investing in expertise as demand grows for financing across industries.

Speaking to Financial News on the sidelines of the World Economic Forum in Davos, Moynihan said he sees substantial revenue opportunity from helping clients transition to a cleaner economy growing significantly.

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