CHAPTER 8
Sustainability
The New Imperative: Environmental, Social, and Corporate Governance (ESG) Issues
There’s no such thing as a free lunch.
—Milton Friedman1
The UN secretary-general’s August 2021 statement on the much-anticipated Intergovernmental Panel on Climate Change (IPCC) report:
Today’s IPCC Working Group 1 Report is a code red for humanity. The alarm bells are deafening, and the evidence is irrefutable: greenhouse gas emissions from fossil fuel burning and deforestation are choking our planet and putting billions of people at immediate risk. Global heating is affecting every region on Earth, with many of the changes becoming irreversible.2
It is very difficult to discuss sustainability and environmental, social, and governance ...
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