Bank of America CEO says new ESG rules are needed to reboot capitalism

Bank of America Chief Executive Brian Moynihan said Wednesday that current efforts to produce a set of official global standards on ESG issues were vital to “align capitalism with what society wants from it.”

Asked by CNBC’s Karen Tso at the World Economic Forum in Davos whether stakeholder capitalism needed a reboot through the creation of common standards for corporate disclosures, Moynihan said he was converted to the idea after seeing hundreds of companies sign up to the U.N.’s Sustainable Development Goals in 2017, followed by ongoing debate over what concepts like sustainability actually mean, and accusations of greenwashing.

“Without that definition, without that convergence, what you had is everybody defined it their own way. Somebody would think this issue’s important or this way to talk about it is important,” he said.

Environmental, social, and corporate governance (ESG) initiatives are increasingly discussed in corporate results and by senior business figures,

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Howden Italy Taps Aon’s Casini as CEO; BIBA Extends Evans’ Tenure as Chair; Sedgwick Promotes Simoncic to President, Property and International

This edition of International People Moves details appointments at Howden Italy, the British Insurance Brokers’ Association (BIBA), and Sedgwick.

A summary of these new hires follows here.

Howden Italy Taps Aon’s Casini as CEO

Howden, the London-based insurance broker, announced the appointment of Federico Casini as CEO, Howden Italy. Casini will lead a business that is now the third largest broker in the country, and through significant investment in expertise, infrastructure and data and analytics, offers choice to Italian and multinational clients.

Federico Casini

Casini joins Howden from Aon SpA, where he has spent the past 17 years, most recently holding the position of executive chairman, where he oversaw the business development and co-ordination of Aon’s Italian operations.

With close to 30 years’ experience in the insurance industry, previously holding senior roles at leading broking firms including Poseidon Insurance Brokers and Sanpaolo Imi Insurance Broker Spa, Federico brings extensive

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