The ‘ESG’ agenda has become a hot battlefield in the culture wars. Claims it’s a slippery slope to socialism show no understanding of how capitalism works.
Leading the charge: Florida Governor Ron DeSantis.
EPA
Many investors and corporations believe that accounting for the impact that businesses have on the environment, society as a whole and their own workforces benefits their bottom line.
Companies need to reset their mission so that profitability is a means to an end - the organisation’s social purpose - not an end in itself is essential.
The climate action plans of three companies in different industries – Delta Air Lines, Amazon and Microsoft – illuminate the three key strategies needed to cut carbon emissions.
As capitalism’s image crumbles, many of the world’s biggest companies are trying to give it new life by showing it can mean more than just making money.
BlackRock matters because it is big. Its decision raises questions about the soundness of smaller firms that remain committed to coal.
JUSTIN LANE/EPA
In time Australia’s AAA credit rating will be at risk.
European Commission vice-presidents Valdis Dombrovskis and Jyrki Katainen present new EC initiatives on sustainable finance in 2018.
Thierry Monasse/EC
Once a niche market, sustainable finance is now expanding and accelerating, yet too few universities have committed their finance programmes to these issues. The time has come for change.
Larry Fink, right, shared a stage with several of the CEOs he urged to spend more time doing good.
Stuart Ramson/AP Images for The Women's Forum of New York