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Environmental, social and corporate governance: Difference between revisions
Environmental, social and corporate governance (view source)
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Call me an old, unreconstructed gammon but — seriously, financial services multinationals? — If you care about environment, society and governance, put a sock in your [[virtue signalling]] and pay your sodding [[taxes]]. | Call me an old, unreconstructed gammon but — seriously, financial services multinationals? — If you care about environment, society and governance, put a sock in your [[virtue signalling]] and pay your sodding [[taxes]]. | ||
Of course, ESG is becoming more of a thing, more investment managers have it in their mandates, as a marketing device, or they are obliged to meet sustainability targets, by regulation, then the basic wrongheadedness of stakeholder capitalism rears its head. We see we are creating a monster that will not vouchsafe ''any'' improvement in the environment, but will open yet another front for the [[regulatory-industrial complex]] to occupy, and [[Rent-extraction|extract rent]] from. | |||
{{sa}} | |||
*[[Stakeholder capitalism]] | |||
*[[Rent extraction]] | |||
*[[Agency problem]] | |||