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It is no doubt that the discussion about ESG as a factor in investing has grown exponentially in the last few years. This paper will explore the shortcomings of voluntary ESG reporting mechanisms. It will further argue that private ordering alone cannot be trusted, as the goals of individuals who are in charge of such...
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In recent times, there has been a significant shift in understanding the role that businesses play in society. In the past, there was an accepted understanding that the objective of a company was to maximise short-term profits and returns for its shareholders. However, businesses can no longer absolve their duty towards the public at large...
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