Sustainable Investing and Stakeholder Capitalism

Jon Hale
The ESG Advisor
Published in
1 min readDec 6, 2019

The failure of shareholder primacy is reflected in the growing sense that global capitalism just isn’t working for most people. And over the long run, that means it won’t work for shareholders, either.

Sustainable investors have long argued for a different model, one that has gained significant momentum in the past couple of years. Rather than focusing on maximizing short-term returns for shareholders, a public company should focus on serving all its stakeholders well, its shareholders, but also its customers, suppliers, workers, the communities it impacts, and the environment.

See my full article in GreenMoney:

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Jon Hale
The ESG Advisor

Global Head, Sustainable Investing Research, Morningstar. Views expressed here may not reflect those of Morningstar Research Services LLC. or its affilliates.