000			01719nam a22001337a 4500
999			_c528458 _d528458
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100			_acles, Robert G. _949355
245			_aMoving beyond ESG: The framework has its detractors. Here’s a new playbook for responsible business.
260			_aHarvard Business Review
300			_a102(5), Sep-Oct, 2024: p.101-107
520			_aIt’s been a rough few years for ESG—the popular shorthand for measuring and managing a company’s environmental, social, and governance performance. Critics on the political left believe ESG is insufficient for addressing major societal issues such as climate change; critics on the right say ESG pushes a liberal agenda. The barrage of criticism has caused ESG to lose its luster among many executives. Yet the need for a transparent way to connect a company’s financial performance with its ESG performance remains. It’s time, says Oxford professor Robert G. Eccles, to take stock of ESG and chart a path forward. He acknowledges the complex challenges that still need to be resolved. Chief among them is whether to use single materiality (which focuses on shareholder value) or double materiality (which includes societal impact). In this article Eccles recommends a pragmatic approach for corporate leaders: clearly define corporate purpose, improve transparency in ESG reporting, and engage stakeholders constructively. These strategies will help companies manage ESG pressures by focusing on material issues that affect shareholder value while also acknowledging and addressing broader societal impacts.- Reproduced https://hbr.org/2024/09/moving-beyond-esg v
773			_aHarvard Business Review
942			_cAR