The stakeholder doctrine is flourishing despite attacks on ESG
Under pressure from both the ESG and anti-ESG lobbies, corporate leaders realise they can’t ignore the social and political context in which they operate.
This month a striking free-speech fight has erupted in Texas. No, this is not yet another social media salvo from Elon Musk or a battle over book bans.
Instead, the American Sustainable Business Council is suing the Texas government over its 2021 and 2022 decisions to blacklist companies that uphold environmental, social and governance strategies.
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Financial Times
Gillian Tett is chair of the editorial board and editor-at-large, US of the Financial Times. She writes weekly columns, covering a range of economic, financial, political and social issues.
