The Rise of the Company and Early Notions of Social Responsibility
Industrialists and Philanthropy
The concept of environmental, social, and governance (ESG) arose over time in the context of business with the evolving role of commercial activity for human society and economic development.
The first industrial revolution in the late 1700s brought a shift in human society and the global economy, from being agriculturally centered to becoming urbanized and dependent on industry growth. Mechanization increased productivity, powered by energy consumption that initially relied on massive amounts of coal extraction. The steam engine was an instrumental invention that enabled physical connectivity, accelerating manufacturing ...
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