Does Capitalism Need a Soul Transplant?
"ESG" reporting standards have been traveling toward us for many years -- and they have now arrived.
Environmental, social and governance (ESG) refer to new reporting standards for a company's impact that goes beyond its shareholders.
Think of ESG as a Big Four audit of your company's overall impact on the world. Its impact on people as well as on the earth.
"How are they going to measure that?" We wondered the same thing.
ESG standards are being driven by new demands of investors who still want booming profits and returns -- but now want them exclusively from high-purpose companies that make the world a better place vs. a worse place.