Tag: stakeholder capitalism
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Criticism of ESG and Stakeholder Capitalism: Undermining Property Rights and Democracy
Criticism of ESG (Environmental, Social, and Governance) investment and opposition to it in certain states are causing concern among those in the ESG ecosystem who have benefited politically and economically from it. The Financial Times and billionaires like Mike Bloomberg and Tom Steyer have criticized politicians for interfering in ESG issues, but ESG itself is…
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The Debate over ESG: Is It Compatible with Capitalism?
Criticism of ESG, an investment discipline that scores companies based on their environmental, social, and governance measures, is increasing, particularly in conservative states. Critics argue that giving value to moral or scientific imperatives goes against the profit principle at the heart of the free market. However, supporters of ESG, including billionaires like Mike Bloomberg and…