, Columnist
ESG Drives a Stake Through Friedman's Legacy
The idea that companies should concentrate only on maximizing profits is losing ground to a broader concept of stakeholder interests.
It’s not just about this.
Photographer: Michel Porro/Getty Images
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What was once ethical investing became socially responsible investing, and now it has become ESG. And it is at the heart of some of the most fascinating debates in investment. The entire notion of capitalism and how it should work is at stake.