“The Federal Reserve has taken a major step in the direction of facilitating an ESG compliant monetary network that effectively acts as a parallel system to that of the Chinese Communist Party’s infamous social credit scoring system,” Jordan Schachtel reported in The Dossier.
Federal Reserve announces major ‘pilot exercise’ for ESG social credit score system, by @JordanSchachtel https://t.co/6uvKDaE0S1
— EagleEyeViews (@wokenup2) September 30, 2022
The Federal Reserve stated on Thursday:
The Federal Reserve Board on Thursday announced that six of the nation’s largest banks will participate in a pilot climate scenario analysis exercise designed to enhance the ability of supervisors and firms to measure and manage climate-related financial risks. Scenario analysis—in which the resilience of financial institutions is assessed under different hypothetical climate…
