ANSIE RAMALHO: Will ESG reporting live up to expectations?
Company reporting that expresses ESG concerns only in terms of finances, cash flow and enterprise value fails to adequately reflect the longer-term social and environmental fallout. It’s the opposite of what reporting standards are meant to achieve
20 July 2023 - 05:00
Aristotle had a fairly dim view of business and toil, which he cynically described as merely utilitarian; a necessity, but not enriching or ennobling of human life.
These days few would question that businesses make huge contributions to human life: they pay taxes, and provide employment, investment opportunities, and goods and services. However, they’ve also earned a reputation for causing pollution, soil degradation, carbon emissions, the displacement of communities, water scarcity, inequality and other social and environmental ills in the pursuit of profits. ..
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