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Milton Friedman, Ha! Anti-ESG Types Would Ruin Companies Long Term


May 13, 2021
Milton Friedman, Ha! Anti-ESG Types Wouldn’t Ruin Companies Long Term
That’s the argument from our symposium panelists, who say sustainability boosts stocks both now and into the future
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How best to convince companies that sustainability is vital to their futures and to their stock performance, as well? That was the question experts on environmental, social, and governance (ESG) investing wrestled with at 
Hovering over the session was the ghost of Milton Friedman, the famed University of Chicago economist and Nobel laureate, who postulated that the duty of a corporation was to make money for its shareholders. Friedman’s precept is often used as justification by opponents of ESG investing, who say bowing to sustainability thinking will result in crimped earnings. ....

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