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Fortune

Peter Vanham

Bank of America tops stakeholder capitalism rankings

Bank of America Brian Moynihan Larry Fink BlackRock America Just Capital ESG

A white man dressed in a blue suit and tie is talking to someone off-camera with his hands and a chart of stock price increases and decreases behind him on a screen

If one corporate leader in America earned bragging rights on stakeholder capitalism in 2023, it was Brian Moynihan of Bank of America—and not so much Larry Fink of BlackRock anymore.

That is one conclusion of JUST Capital’s latest ranking of U.S. companies “on the issues that matter” to stakeholders. The ranking measures how a company invests in its workers, supports communities, and minimizes environmental impact. For the first time ever, Bank of America topped the ranking. By contrast, the other royal of stakeholder capitalism, BlackRock, fell almost 50 places to 92nd.

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