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Post by sweetpea33 on Jan 25, 2024 0:40:25 GMT -5
Rick Alexander, founder and CEO of The Shareholder Commons, expounded on this point in a February article: Most investors hold broadly diversified portfolios and rely on their job as their primary financial asset. They need a healthy economy and planet in order to have solid portfolio returns, decent wages and good lives. They know that some companies need to surrender shareholder value in order to preserve the critical systems we all rely on (think coal, oil, tobacco and, not coincidentally, large financial institutions that threaten systemic stability). A recent study determined that publicly traded companies create annual social and environmental costs of $2.
trillion. While any given company may profit by ignoring costs that it can externalize, its diversified shareholders ultimately pay the price. Moynihan emphasized that the world’s problems Email List cannot be solved without leadership from the private sector. He pointed to the SDGs, noting that all the charitable spending in the world doesn’t amount to the estimated cost of delivering on those goals. "You could go to governments, but they’re running huge deficits, and they don’t have the money," Moynihan said.
Coalescing around a common set of metrics and data, but that’s only a partial solution. If the objective is truly to assure our ongoing prosperity, then everyone involved in capital markets must prioritize the vital systems upon which a thriving economy depends, rather than profit margins at any one company. At the end of the day, only that approach will serve both shareholders and stakeholders. Show comments for this story.
trillion. While any given company may profit by ignoring costs that it can externalize, its diversified shareholders ultimately pay the price. Moynihan emphasized that the world’s problems Email List cannot be solved without leadership from the private sector. He pointed to the SDGs, noting that all the charitable spending in the world doesn’t amount to the estimated cost of delivering on those goals. "You could go to governments, but they’re running huge deficits, and they don’t have the money," Moynihan said.
Coalescing around a common set of metrics and data, but that’s only a partial solution. If the objective is truly to assure our ongoing prosperity, then everyone involved in capital markets must prioritize the vital systems upon which a thriving economy depends, rather than profit margins at any one company. At the end of the day, only that approach will serve both shareholders and stakeholders. Show comments for this story.