Why Doing Good Is No Longer Bad Business

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The focus on environmental, social and governance changes at America's biggest companies is a response to demand from consumers and investors, CGrantWSJ writes

It seems the modern corporate mission statement could use an update: Do well by doing good—or else.

Exxon Mobil shareholders elected two directors nominated by an upstart activist hedge fund unhappy with the oil giant’s climate policies The vote marks a high point of sorts for the multiyear ESG movement, a framework that calls for investors to consider a company’s overall impact on the world beyond its financial returns. The trend shows no signs of slowing down. There have been 610 news releases mentioning environmental, social and governance principles from current S&P 500 members so far this year through May, according to data from financial research firm Sentieo.

 

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CGrantWSJ Horrible picture. Still believing in stupid oil.

CGrantWSJ Pay for all your pollution. All your workers a living wage. Hire a diversity of humans. Pay all your taxes. Report all your performance , including ESG, frequently, comprehensively and with external validation. Also, these have never been a bad thing to do. purpose

CGrantWSJ horrible

CGrantWSJ

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