The bottom line is not ESG
Christopher Snowdon quoted in DailyMail and WiredGov
Matthew Lesh quoted in The Telegraph
“The purpose of a business is business – to maximise profits for shareholders, and in the process provide a quality product to customers and a wage to workers – not to pursue progressive left social justice goals. The golden formula, which links self-interest of business with providing a product to others, has delivered immense human prosperity over the last two centuries.
“Any deviation risks undermining Britain’s fundamental institutions. A change to the purpose of business in the companies act would add red tape, with some new quango deciding whether businesses are sufficiently achieving social and environmental goals.”
Read the full article here.