The big fallacy in the backlash against ESG and stakeholder capitalism
Critics of ESG and stakeholder capitalism make some valid points – but they can't easily dismiss how the latter is increasingly important in driving enterprise value.
BA in Economics and French, Tufts; Master's in International Affairs, Columbia. Former: Corporate Lending Officer, Credit Lyonnais USA; Legislative Assist for International Trade Policy to US Representative; Senior Legislative Assist to Chairman, Senate Banking Committee; International Affairs Fellow, Council on Foreign Relations; Associate Director, Competitiveness Policy Council, & Staff Director, sub-Council on Capital Allocation; Economic Policy Adviser to Senate Minority Leader; Special Assistant to President for International Economic Policy, and Senior Director, National Security Council, White House; Director-General, Global Green Growth Institute. With the World Economic Forum: 2001-11, and since 2013, Managing Director; co-directs the Center for the Fourth Industrial Revolution. Since 2007, non-resident Senior Fellow for International Economic Policy, Center for American Progress, and Chairman, Climate Disclosure Standards Board. Expertise: international trade and financial policy, economic development, taxation, capital formation, international labour and environmental issues.
Critics of ESG and stakeholder capitalism make some valid points – but they can't easily dismiss how the latter is increasingly important in driving enterprise value.
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