A unified framework to view Economic, Environmental, Social, and Governance value

February 22, 2022
A-unified-framework-to-view-Economic,-Environmental,-Social,-and-Governance-value-1

Milton Friedman’s hypothesis that “the social responsibility of business is to increase profit” has been under attack almost since the day it was written, over 50 years ago, and yet it remains common cause among most businesses and investors that almost all measures of value are at their core profit related.

Our current times are particularly pertinent as we reconsider Friedman’s statement and look to understand the array of expectations that both shareholders and stakeholders in general have of business.

These expectations coalesce into pressures to increase economic value and contributions made to society, to limit and reverse the environmental impacts of their footprint and unlock the potential of nature-based assets and solutions, to improve social development and inclusion, and finally to focus on good governance, improve capability across stakeholder boundaries and to rebuild trust.

- Would you like to continue reading the above content? Click on the Reference url in the Article Credit section below to view all content related to this post:

Article Credit

Author: DBK Advisory
Title: The SDGS as a unified framework
Published: 22 February 2022

Related Downloads

Share Content

Other News Articles

Sustainability
How Plastic Is Revolutionising Fuel-Efficient Cars and Green Mobility
March 25, 2025
Sustainability
How Plastic Shade Cloth is Revolutionising Sustainable Agriculture and Boosting Cr...
March 13, 2025
Recycling
Understanding the plastics recycling value chain
June 14, 2023
News Recycling
The world can cut plastic pollution by 80% by 2040, the UN says. Here’s how
May 19, 2023
News
Don’t let your plastic end-up in the ocean
May 9, 2023
News Recycling
Glass or plastic: which is better for the environment?
April 28, 2023

Related Conversations

Coming Soon