August 2024
Intermediate to advanced
224 pages
3h 6m
English
by Leo E. Strine Jr., Justin L. Brooke, Kyle M. Diamond, and Derrick L. Parker Jr.
The largest mainstream institutional investors, and the rating agencies that serve them, now say they consider high-quality environmental, social, and governance practices by corporations to be necessary for sustainable, long-term wealth creation—a position that has generated academic and political controversy.1 But for all the debate surrounding the use of ESG for investing, virtually no attention has been paid to a core tension in the ESG policies of major investors and rating agencies—the discordance of the G from the E and S.
In today’s parlance, ESG is shorthand for things like social responsibility, treating stakeholders ...
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